Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Pacifica+0.218%7-day average +0.062% · 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−$22as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.218%, 7d avg +0.062%

Together, before fees−0.162%+ Points / potential airdropPacifica: Active · farm board−$16 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 0.157% dearer against Pacifica than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	9.0882	0.0100	pay 0.0013% / 1h	44m 48s	$296K	$570K	10x
Short	Arcus UNI-USD	9.1080	0.0100	get 0.0013% / 1h	44m 48s	$288K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → +0.062%: $15.67
Slippage, 4 orders: −$25.6
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$22.44
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Pacifica: live order book, 19 min ago; Arcus: live order book, 19 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 Pacifica live order book, 19 min ago	0.54 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 19 min ago	5.98 bp	8.3 bp −$8	10.5 bp −$105	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	9.1057	+0.193%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.841%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1066	+0.203%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	+0.097%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1267	+0.424%	$1.0M	$2.9M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.0882	long leg	$296K	$570K	10x
Binance UNIUSDT	+0.0100%	8h	9.1082	+0.221%	$227.2M	$609.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0970	+0.097%	$102.4M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1140	+0.284%	$56.3M	$253.7M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.1080	+0.218%	$288K	$619K	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	9.1130	+0.273%	$23.5M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1190	+0.339%	$49.4M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1160	+0.306%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1130	+0.273%	$33.4M	$42.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1130	+0.273%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1184	+0.333%	$993K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	−0.069%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0612	−0.297%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	−0.167%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	−0.123%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	−0.057%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1104	+0.245%	$88K	$411K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	+0.218%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1164	+0.311%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1072	+0.209%	$22K	$750K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.262%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	+0.273%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0967	+0.094%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1144	+0.289%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0907	+0.028%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0180%	1h	9.1194	+0.343%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1120	+0.262%	—	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1112	+0.253%	$5.1M	$7.2M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1140	+0.284%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1052	+0.187%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1062	+0.198%	$648K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0442%	1h	9.1129	+0.273%	$587K	$191K	50x	as long as short
Hyperliquid UNI	+0.0566%	1h	9.1316	+0.478%	$99.6M	$59.1M	10x	as long as short
Lighter UNI	+0.0616%	1h	9.1303	+0.464%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1021	+0.154%	$874	$47K	10x	as long as short