Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%
Price spread now: GRVT against Pacifica−0.219%52s7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.434% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 7 days+0.298%+$30 · spread now −0.219%, 7d avg +0.009%
Together, before fees+0.254%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$25 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: GRVT is 0.227% cheaper against Pacifica than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica UNI8.98120.0100pay 0.0013% / 1h59m 54s$299K$584K10x
ShortGRVT UNI_USDT_Perp8.96160.0100get 0.0100% / 8h59m 54s$628K$2.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$0
Price spread: −0.219% → +0.009%
−$22.73
Slippage, 4 orders
−$26.36
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$66.09
Costs to cover
0.434%
Break-even
never at this rate
Slippage from Pacifica: live order book, 19 min ago; GRVT: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 19 min ago1.12 bp8.4 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago0.56 bp12.4 bp −$1218.9 bp −$189doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0022%8h8.9623−0.211%$4.0M$4.6Mas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9870+0.064%$62K150xas long as short
Bybit UNIUSDT+0.0028%8h8.9820+0.009%$102.6M$105.1M75xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.684%$660$155K12xas long as short
OKX UNI-USDT-SWAP+0.0064%8h8.9830+0.020%$55.4M$248.7M50xas long as short
01 Exchange UNIUSD+0.0096%1h8.9891+0.088%$44910xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9760−0.058%$26K20xas long as short
Nado UNI-PERP+0.0100%1h8.9770−0.047%$953K$4.1M10xas long as short
Aster UNIUSDT+0.0100%8h8.9902+0.099%$1.0M$3.3M50xas long as short
Pacifica UNIlong+0.0100%1h8.9812long leg$299K$584K10x
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9857+0.050%$221.6M$593.0M75xas long as short
Arcus UNI-USD+0.0100%1h8.9900+0.098%$277K$621K10xas long as short
Gate UNI_USDT+0.0100%8h8.9850+0.042%$23.1M$59.1M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9860+0.053%$43.3M$24.7M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9840+0.031%$13.7M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9830+0.020%$32.7M$41.5M75xas long as short
BingX UNI-USDT+0.0100%8h8.9830+0.020%$51.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9913+0.112%$999K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9542−0.301%$168K$344K20xas long as short
GRVT UNI_USDT_Perpshort+0.0100%8h8.9616−0.219%$628K$2.5M10x
ApeX Omni UNIUSDT+0.0100%1h8.9540−0.303%$88K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.9670−0.158%$107K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9887+0.083%$87K$356K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9890+0.087%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9944+0.147%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9885+0.081%$25K$663K10xas long as short
HTX UNI-USDT+0.0100%8h8.9957+0.161%$735K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9900+0.098%$27.1M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9802−0.011%$303K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9898+0.096%$32K$1K3xas long as short
dYdX UNI-USD+0.0109%1h8.9829+0.018%$249K$6K10xas long as short
BloFin UNI-USDT+0.0220%8h8.9760−0.058%$10.0M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0224%1h8.9850+0.042%$1.1M$5.4M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0233%1h8.9942+0.144%$572K$157K50xas long as short
Kraken Futures PF_UNIUSD+0.0337%1h8.9957+0.161%$5.0M$7.1M50xas long as short
Reya UNIRUSDPERP+0.0363%1h8.9829+0.019%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.9871+0.065%$564K120xas long as short
Hyperliquid UNI+0.0458%1h8.9983+0.190%$99.0M$59.5M10xas long as short
Aftermath Perps UNIUSD+0.0680%1h8.9649−0.182%$1K$49K10xas long as short
Lighter UNI+0.0688%1h9.0072+0.289%$4.6M$5.2M15xas long as short