Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Gate+0.119%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.119%, 7d avg +0.090%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.030% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	9.2120	0.0100	pay 0.0100% / 8h	7h 20m	$23.5M	$60.0M	75x
Short	Arcus UNI-USD	9.2230	0.0100	get 0.0013% / 1h	20m 51s	$274K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee ArcusbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.090%: $2.98
Slippage, 4 orders: −$23.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.54
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Arcus: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	1.61 bp	13.1 bp −$13	23.1 bp −$231	44.1 bp −$4,410	70.9 bp −$35.4K
Sell Arcus live order book, 53 min ago	5.00 bp	7.9 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.2041	−0.086%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.147%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.2019	−0.110%	$459	—	10x	as long as short
dYdX UNI-USD	+0.0095%	1h	9.2195	+0.081%	$243K	$20K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2045	−0.081%	$1.0M	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2116	−0.005%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2173	+0.057%	$307K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2150	+0.033%	$231.3M	$603.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2090	−0.033%	$104.0M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2040	−0.087%	$56.9M	$259.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDshort	+0.0100%	1h	9.2230	+0.119%	$274K	$616K	10x
Gate UNI_USDTlong	+0.0100%	8h	9.2120	long leg	$23.5M	$60.0M	75x
MEXC UNI_USDT	+0.0100%	8h	9.2140	+0.022%	$46.2M	$24.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2160	+0.043%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1950	−0.185%	$33.9M	$43.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2130	+0.011%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2067	−0.058%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	−0.130%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2914	+0.862%	$175K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2775	+0.711%	$648K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2790	+0.727%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2730	+0.662%	$51K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2109	−0.012%	$85K	$384K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2030	−0.098%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2077	−0.047%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2069	−0.055%	$22K	$717K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2068	−0.056%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2050	−0.076%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2158	+0.041%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2159	+0.042%	$312K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2070	−0.054%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0124%	1h	9.2095	−0.027%	$595K	$184K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2020	−0.109%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2160	+0.043%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1998	−0.132%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2110	−0.010%	$5.1M	$7.1M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.2015	−0.114%	$582K	—	120x	as long as short
Hyperliquid UNI	+0.0561%	1h	9.2088	−0.035%	$101.5M	$59.8M	10x	as long as short
Lighter UNI	+0.0968%	1h	9.2270	+0.163%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1019%	1h	9.2509	+0.423%	$936	$49K	10x	as long as short