Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.035%

Price spread now: Bybit against Pacifica+0.042%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.042%, 7d avg −0.060%

Together, before fees−0.144%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.102% dearer against Pacifica than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.060%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	8.9812	0.0100	pay 0.0013% / 1h	0m 28s	$299K	$584K	10x
Short	Bybit UNIUSDT	8.9850	0.0028	get 0.0028% / 8h	1h 00m	$102.7M	$105.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$15.22
Price spread: +0.042% → −0.060%: $10.2
Slippage, 4 orders: −$18.87
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$42.89
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Pacifica: live order book, 18 min ago; Bybit: live order book, 4 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, 18 min ago	1.12 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.56 bp	8.2 bp −$8	15.0 bp −$150	44.1 bp −$4,414	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
Variational Omni UNI	−0.0030%	8h	8.9413	−0.445%	$4.0M	$4.6M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9727	−0.095%	$62K	—	150x	as long as short
Bybit UNIUSDTshort	+0.0028%	8h	8.9850	+0.042%	$102.7M	$105.1M	75x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.684%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0064%	8h	8.9860	+0.053%	$55.4M	$248.7M	50x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	8.9891	+0.088%	$449	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9760	−0.058%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9770	−0.047%	$953K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9881	+0.077%	$1.0M	$3.3M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	8.9812	long leg	$299K	$584K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9870	+0.064%	$221.7M	$592.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9900	+0.098%	$277K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9820	+0.009%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9860	+0.053%	$43.3M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9860	+0.053%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9820	+0.009%	$32.7M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9830	+0.020%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9863	+0.057%	$999K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9542	−0.301%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9616	−0.219%	$628K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9540	−0.303%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9670	−0.158%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9887	+0.083%	$87K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9720	−0.103%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9792	−0.023%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9731	−0.090%	$25K	$663K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9805	−0.008%	$734K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9730	−0.092%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9797	−0.017%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9901	+0.098%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0109%	1h	8.9829	+0.018%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0202%	1h	8.9776	−0.040%	$571K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9760	−0.058%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9770	−0.047%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0337%	1h	8.9788	−0.027%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	8.9829	+0.019%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9712	−0.112%	$563K	—	120x	as long as short
Hyperliquid UNI	+0.0458%	1h	8.9985	+0.192%	$99.0M	$59.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.0680%	1h	8.9649	−0.182%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0688%	1h	8.9974	+0.180%	$4.6M	$5.2M	15x	as long as short