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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: Arcus against Variational Omni+0.320%7-day average +0.090% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.320%, 7d avg +0.090%

Together, before fees+0.151%+ Points / potential airdropVariational Omni: Active · farm board+$15 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 0.231% dearer against Variational Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni UNI	9.0819	0.0100	pay 0.0100% / 8h	5h 44m	$4.2M	$4.2M	—
Short	Arcus UNI-USD	9.1110	0.0100	get 0.0013% / 1h	44m 11s	$289K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.320%Rate

Funding earned: $0
Price spread: +0.320% → +0.090%: $23.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $18.57
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Arcus: live order book, 20 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	3.25 bp	doesn't fit	14.6 bp −$146	doesn't fit	doesn't fit
Sell Arcus live order book, 20 min ago	5.98 bp	8.3 bp −$8	10.5 bp −$105	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	9.0967	+0.163%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.774%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1078	+0.285%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1052	+0.257%	$947K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1087	+0.295%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1155	+0.370%	$297K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0957	+0.152%	$226.9M	$609.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1000	+0.199%	$102.5M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1030	+0.232%	$56.2M	$253.3M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.1110	+0.320%	$289K	$619K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0960	+0.155%	$23.4M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1040	+0.243%	$49.3M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0980	+0.177%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0990	+0.188%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0950	+0.144%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1184	+0.402%	$993K	$2.2M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.0819	long leg	$4.2M	$4.2M	—
edgeX UNIUSDC	+0.0100%	4h	9.0612	−0.228%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	−0.098%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	−0.054%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	+0.012%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1101	+0.310%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0970	+0.166%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1023	+0.225%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0970	+0.166%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1183	+0.401%	$720K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0980	+0.177%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1170	+0.386%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0926	+0.118%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0975	+0.171%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0180%	1h	9.1194	+0.412%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1120	+0.331%	—	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0233%	1h	9.1020	+0.222%	$587K	$191K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0990	+0.188%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1070	+0.276%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1004	+0.204%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0967	+0.163%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0554%	1h	9.1224	+0.446%	$99.3M	$59.2M	10x	as long as short
Lighter UNI	+0.0616%	1h	9.1144	+0.358%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0956%	1h	9.1049	+0.253%	$932	$47K	10x	as long as short