Funding arb · Price arb /

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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: edgeX against Arcus+0.153%54s7-day average −0.066% · you sell dearer than you buy

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−$340.341% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.153%, 7d avg −0.066%

Together, before fees−0.065%+ Points / potential airdropedgeX: Active · farm board−$6 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: edgeX is 0.219% dearer against Arcus than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.066%. The two prices were read 54 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	8.9650	0.0100	pay 0.0013% / 1h	41m 53s	$274K	$616K	10x
Short	edgeX UNIUSDC	8.9787	0.0100	get 0.0050% / 4h	2h 41m	$169K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → −0.066%: $21.93
Slippage, 4 orders: −$20.59
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.16
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Arcus: live order book, 27 min ago; edgeX: live order book, 26 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, 27 min ago	5.47 bp	9.0 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	2.19 bp	6.7 bp −$7	18.2 bp −$182	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	8.9485	−0.183%	$37K	—	150x	as long as short
dYdX UNI-USD	+0.0024%	1h	8.9607	−0.048%	$236K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.9585	−0.073%	$447	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.506%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9512	−0.153%	$929K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9576	−0.083%	$97.4M	$60.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9587	−0.070%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9653	+0.003%	$294K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9508	−0.158%	$223.0M	$610.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9450	−0.223%	$100.1M	$107.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9420	−0.257%	$55.2M	$252.5M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.9650	long leg	$274K	$616K	10x
Gate UNI_USDT	+0.0100%	8h	8.9480	−0.190%	$22.8M	$58.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9500	−0.167%	$49.3M	$25.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9540	−0.123%	$13.3M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9410	−0.268%	$32.7M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9480	−0.190%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9504	−0.163%	$980K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9621	−0.032%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9787	+0.153%	$169K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9457	−0.216%	$621K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9780	+0.145%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0090	+0.491%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9582	−0.076%	$85K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9500	−0.167%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9554	−0.107%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9485	−0.184%	$21K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9597	−0.059%	$712K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	−0.134%	$27.0M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9584	−0.073%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9438	−0.236%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9507	−0.159%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0157%	1h	8.9527	−0.138%	$579K	$187K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	+0.323%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9520	−0.145%	$1.1M	$4.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	8.9478	−0.192%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9481	−0.188%	$639K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	8.9656	+0.007%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0429%	1h	8.9485	−0.184%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.1021%	1h	8.9891	+0.269%	$935	$49K	10x	as long as short