Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica−0.121%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.121%, 7d avg +0.013%

Together, before fees+0.141%+ Points / potential airdropPacifica: Active · farm board+$14 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: Phemex is 0.134% cheaper against Pacifica than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	9.0389	0.0100	pay 0.0013% / 1h	30m 35s	$296K	$580K	10x
Short	Phemex UNIUSDT	9.0280	0.0100	get 0.0100% / 8h	6h 30m	$27.2M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → +0.013%: −$13.37
Slippage, 4 orders: −$48.11
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$81.48
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Pacifica: live order book, 38 min ago; Phemex: live order book, 3 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, 38 min ago	1.10 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	10.02 bp	20.3 bp −$20	34.0 bp −$340	doesn't fit	doesn't fit

UNI on 39 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	9.0346	−0.047%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0023%	1h	9.0404	+0.016%	$238K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	9.0585	+0.216%	$452	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.311%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0495	+0.117%	$935K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0380	−0.010%	$98.1M	$60.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0360	−0.033%	$1.0M	$2.9M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.0389	long leg	$296K	$580K	10x
Binance UNIUSDT	+0.0100%	8h	9.0560	+0.189%	$226.0M	$611.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0520	+0.145%	$101.3M	$107.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0540	+0.167%	$55.8M	$254.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0580	+0.211%	$287K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0500	+0.122%	$23.1M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0460	+0.078%	$49.6M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0290	−0.110%	$13.4M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0480	+0.100%	$33.1M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0490	+0.111%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0282	−0.119%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0181	−0.230%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.481%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.476%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.409%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	−0.099%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0594	+0.226%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	−0.132%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0432	+0.047%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0274	−0.128%	$22K	$710K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0358	−0.035%	$718K	$4.2M	75x	as long as short
Phemex UNIUSDTshort	+0.0100%	8h	9.0280	−0.121%	$27.2M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0250	−0.154%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0469	+0.088%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0287	−0.113%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0299%	1h	9.0339	−0.056%	$586K	$200K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0380	−0.010%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0463	+0.082%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0350	−0.043%	$644K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.0424	+0.038%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0424%	1h	9.0334	−0.062%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0942%	1h	9.0020	−0.408%	$1K	$48K	10x	as long as short