Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against Pacifica+0.083%7-day average +0.512% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Pacifica Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.295%+$29 · spread now +0.083%, 7d avg +0.512%

Together, before fees+0.287%+ Points / potential airdropPacifica: Active · farm board+$29 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: Backpack is 0.430% cheaper against Pacifica than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +0.512%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	9.0352	0.0100	pay 0.0013% / 1h	32m 28s	$293K	$593K	10x
Short	Backpack UNI_USDC_PERP	9.0427	0.0100	get 0.0013% / 1h	32m 28s	$1.0M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.512%: −$42.98
Slippage, 4 orders: −$16.49
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$77.48
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Pacifica: live order book, 26 min ago; Backpack: live order book, 2 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, 26 min ago	1.10 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.05 bp	5.7 bp −$6	419.6 bp −$4,196	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	9.0289	−0.070%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.272%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0285	−0.075%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0430	+0.086%	$895K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0383	+0.034%	$1.0M	$3.5M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.0352	long leg	$293K	$593K	10x
Binance UNIUSDT	+0.0100%	8h	9.0355	+0.003%	$222.0M	$636.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0440	+0.097%	$101.5M	$111.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0450	+0.108%	$54.8M	$259.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0300	−0.058%	$312K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0310	−0.047%	$23.5M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0250	−0.113%	$47.8M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0320	−0.036%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0490	+0.152%	$33.4M	$44.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0250	−0.113%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	9.0427	+0.083%	$1.0M	$2.3M	10x
Variational Omni UNI	+0.0100%	8h	8.9859	−0.546%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9922	−0.476%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.435%	$633K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9930	−0.467%	$88K	$696K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9920	−0.479%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0480	+0.141%	$87K	$424K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0290	−0.069%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0370	+0.019%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0342	−0.011%	$22K	$789K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0402	+0.055%	$713K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	−0.025%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0305	−0.053%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0197	−0.172%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0349	−0.003%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0109%	1h	9.0333	−0.022%	$238K	$30K	10x	as long as short
Lighter UNI	+0.0208%	1h	9.0458	+0.117%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0370	+0.019%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0160	−0.213%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0417	+0.071%	$5.0M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0334%	1h	9.0404	+0.057%	$579K	$193K	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0482	+0.143%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0288	−0.071%	$642K	—	120x	as long as short
Hyperliquid UNI	+0.0413%	1h	9.0610	+0.285%	$98.2M	$62.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1055%	1h	9.0351	−0.001%	$1K	$46K	10x	as long as short