Funding arb · Price arb /

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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 +0.003%

Price spread now: Arcus against MEXC−0.131%7-day average +0.076% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.131%, 7d avg +0.076%

Together, before fees+0.276%+$28 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 0.207% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.1760	0.0100	pay 0.0100% / 8h	7h 13m	$46.8M	$24.6M	200x
Short	Arcus UNI-USD	9.1640	0.0100	get 0.0013% / 1h	13m 03s	$282K	$622K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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 MEXCbpFee ArcusbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → +0.076%: −$20.72
Slippage, 4 orders: −$17.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$46.72
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Arcus: live order book, 61 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 MEXC live order book, 1 min ago	0.55 bp	3.3 bp −$3	7.6 bp −$76	21.5 bp −$2,146	147.6 bp −$73.8K
Sell Arcus live order book, 61 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 −0.0006%	1h	9.1772	+0.013%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.771%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1550	−0.229%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1580	−0.196%	$980K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1820	+0.065%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1570	−0.207%	$305K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1724	−0.039%	$232.7M	$603.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1660	−0.109%	$103.2M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1680	−0.087%	$56.6M	$256.8M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.1640	−0.131%	$282K	$622K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1750	−0.011%	$23.4M	$60.4M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.1760	long leg	$46.8M	$24.6M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1720	−0.044%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1700	−0.065%	$33.9M	$43.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1730	−0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1784	+0.026%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1621	−0.152%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1624	−0.149%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	−0.207%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1590	−0.185%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1630	−0.142%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1670	−0.098%	$85K	$386K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	+0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1694	−0.072%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1780	+0.022%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.087%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1790	+0.033%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1504	−0.279%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1665	−0.104%	$309K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1780	+0.021%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0196%	1h	9.1515	−0.267%	$246K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1830	+0.076%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1890	+0.142%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1568	−0.209%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1714	−0.050%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0382%	1h	9.1825	+0.071%	$5.1M	$7.1M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0402%	1h	9.1830	+0.077%	$594K	$185K	50x	as long as short
Hyperliquid UNI	+0.0540%	1h	9.1871	+0.121%	$101.3M	$60.0M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1960	+0.218%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1018%	1h	9.1848	+0.096%	$1K	$49K	10x	as long as short