Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against SunX−0.095%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.565%−$57 · spread now −0.095%, 7d avg +0.016%

Together, before fees−0.566%−$57 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 0.111% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	8.8254	0.0100	pay 0.0100% / 8h	2h 58m	$36K	$1.3M	30x
Short	Arcus UNI-USD	8.8170	0.0100	get 0.0013% / 1h	58m 24s	$272K	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → +0.016%: −$11.1
Slippage, 4 orders: −$41.45
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$65.05
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Arcus: live order book, 30 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 SunX live order book, 6 min ago	13.86 bp	17.9 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	5.65 bp	9.3 bp −$9	11.8 bp −$118	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
Variational Omni UNI	−0.0199%	8h	8.8256	+0.003%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8030	−0.254%	$102.6M	$105.4M	75x	as long as short
dYdX UNI-USD	0.0000%	1h	8.8120	−0.152%	$244K	$5K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8203	−0.058%	$551K	$129K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8100	−0.174%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8050	−0.231%	$54.2M	$246.7M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8120	−0.152%	$440	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8070	−0.208%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8070	−0.208%	$849K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8150	−0.118%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8100	−0.174%	$297K	$559K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8062	−0.217%	$215.8M	$599.8M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.8170	−0.095%	$272K	$605K	10x
Gate UNI_USDT	+0.0100%	8h	8.8100	−0.174%	$22.8M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8070	−0.208%	$42.8M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8080	−0.197%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8060	−0.220%	$31.9M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8070	−0.208%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8097	−0.178%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7993	−0.296%	$165K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8010	−0.276%	$621K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.242%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8170	−0.095%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8106	−0.168%	$88K	$336K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8120	−0.152%	$15K	$1.7M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	8.8254	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	8.8120	−0.152%	$28K	$672K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8296	+0.048%	$700K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8150	−0.118%	$26.6M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8045	−0.237%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8165	−0.101%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8320	+0.075%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8120	−0.152%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8192	−0.070%	$4.9M	$7.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8066	−0.214%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0320%	1h	8.8174	−0.091%	$553K	—	120x	as long as short
Hyperliquid UNI	+0.0448%	1h	8.8223	−0.035%	$95.9M	$60.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.0521%	1h	8.8145	−0.123%	$1K	$51K	10x	as long as short
Lighter UNI	+0.0616%	1h	8.8250	−0.005%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.401%	$657	$97K	12x	as long as short