Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Bybit against Arcus−0.311%46s7-day average −0.145% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.349% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.311%, 7d avg −0.145%

Together, before fees+0.066%+$7 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: Bybit is 0.167% cheaper against Arcus than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.145%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	8.9910	0.0100	pay 0.0013% / 1h	28m 54s	$314K	$653K	10x
Short	Bybit UNIUSDT	8.9630	0.0100	get 0.0100% / 8h	3h 28m	$100.6M	$111.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.311%Rate

Funding earned: $0
Price spread: −0.311% → −0.145%: −$16.66
Slippage, 4 orders: −$19.36
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.52
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Arcus: live order book, 25 min ago; Bybit: live order book, 5 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, 25 min ago	6.63 bp	8.9 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.56 bp	9.6 bp −$10	18.5 bp −$185	36.7 bp −$3,674	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9753	−0.174%	$575K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9774	−0.151%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.9819	−0.101%	$448	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.791%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9851	−0.066%	$4.5M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9725	−0.206%	$978K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9806	−0.116%	$95.7M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9726	−0.205%	$787K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9881	−0.032%	$292K	$608K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9650	−0.289%	$221.4M	$646.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDTshort	+0.0100%	8h	8.9630	−0.311%	$100.6M	$111.9M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9670	−0.267%	$54.7M	$261.7M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.9910	long leg	$314K	$653K	10x
Gate UNI_USDT	+0.0100%	8h	8.9690	−0.245%	$23.9M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9710	−0.222%	$48.1M	$25.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9720	−0.211%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9680	−0.256%	$33.3M	$45.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9660	−0.278%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9759	−0.168%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9889	−0.023%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9775	−0.151%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9845	−0.073%	$624K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	−0.100%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9820	−0.100%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9796	−0.127%	$86K	$436K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9740	−0.189%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9823	−0.097%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9715	−0.217%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9865	−0.050%	$703K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9780	−0.145%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9645	−0.295%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9619	−0.324%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9695	−0.239%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9810	−0.111%	$940K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9760	−0.167%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.9780	−0.144%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0275%	1h	8.9872	−0.042%	$237K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9760	−0.167%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9778	−0.147%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0810%	1h	8.9886	−0.027%	$882	$45K	10x	as long as short