Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Arcus−0.077%7-day average −0.108% · 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−$38as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.077%, 7d avg −0.108%

Together, before fees−0.079%−$8 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: BingX is 0.031% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.1340	0.0100	pay 0.0013% / 1h	35m 19s	$272K	$616K	10x
Short	BingX UNI-USDC	9.1270	0.0100	get 0.0100% / 8h	7h 35m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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 ArcusbpFee BingXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.108%: $3.12
Slippage, 4 orders: −$26.32
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$37.7
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Arcus: live order book, 38 min ago; BingX: live order book, 1 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 Arcus live order book, 38 min ago	5.00 bp	10.5 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	1.10 bp	11.0 bp −$11	27.8 bp −$278	81.5 bp −$8,148	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 −0.0005%	1h	9.1278	−0.068%	$76K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0028%	1h	9.1273	−0.073%	$588K	$178K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.328%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1262	−0.085%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1192	−0.161%	$964K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1257	−0.091%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1338	−0.002%	$307K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1280	−0.066%	$228.7M	$594.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1250	−0.099%	$103.0M	$107.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1250	−0.099%	$56.1M	$254.8M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDlong	+0.0100%	1h	9.1340	long leg	$272K	$616K	10x
Gate UNI_USDT	+0.0100%	8h	9.1260	−0.088%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1280	−0.066%	$44.8M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1270	−0.077%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1240	−0.109%	$33.5M	$42.2M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	9.1270	−0.077%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1407	+0.073%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.110%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.762%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	+0.252%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.383%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1680	+0.372%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1246	−0.103%	$85K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1250	−0.099%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1282	−0.063%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	−0.126%	$21K	$705K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1528	+0.206%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1450	+0.120%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1292	−0.053%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1182	−0.173%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1257	−0.091%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	9.1332	−0.009%	$252K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1610	+0.296%	$10.1M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1550	+0.230%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1203	−0.150%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1258	−0.090%	$578K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0385%	1h	9.1298	−0.046%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0512%	1h	9.1339	−0.001%	$100.6M	$60.1M	10x	as long as short
Lighter UNI	+0.0840%	1h	9.1513	+0.189%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0926%	1h	9.1492	+0.167%	$1K	$49K	10x	as long as short