Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Pacifica against Backpack+0.188%7-day average −0.512% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs+$35as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.565%−$57 · spread now +0.188%, 7d avg −0.512%

Together, before fees−0.557%+ Points / potential airdropPacifica: Active · farm board−$56 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: Pacifica is 0.700% dearer against Backpack than usual: you sell high and buy low, +$70 on $10k if it goes back to its 7-day average of −0.512%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack UNI_USDC_PERP	9.0458	0.0100	pay 0.0013% / 1h	49m 01s	$1.0M	$2.3M	10x
Short	Pacifica UNI	9.0628	0.0100	get 0.0013% / 1h	49m 01s	$294K	$590K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. 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 BackpackbpFee PacificabpOrdersPrice spread, now +0.188%Rate

Funding earned: $0
Price spread: +0.188% → −0.512%: $70.01
Slippage, 4 orders: −$17.06
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $34.95
Costs to cover: 0.351%
Break-even: from the start

Slippage from Backpack: live order book, 5 min ago; Pacifica: live order book, 10 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 Backpack live order book, 5 min ago	0.66 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 10 min ago	1.10 bp	9.4 bp −$9	doesn't fit	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0461	+0.003%	$580K	$193K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0505	+0.053%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.386%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0584	+0.139%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0500	+0.046%	$901K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0470	+0.013%	$1.0M	$3.0M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	9.0628	+0.188%	$294K	$590K	10x
Binance UNIUSDT	+0.0100%	8h	9.0460	+0.002%	$224.0M	$629.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0440	−0.020%	$101.5M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0470	+0.013%	$55.5M	$256.8M	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-USD	+0.0100%	1h	9.0680	+0.245%	$287K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0400	−0.064%	$22.9M	$62.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0420	−0.042%	$48.3M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0450	−0.009%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0510	+0.057%	$33.4M	$44.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0380	−0.086%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	9.0458	long leg	$1.0M	$2.3M	10x
Variational Omni UNI	+0.0100%	8h	9.0589	+0.145%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.735%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.798%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0710	+0.279%	$88K	$695K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0700	+0.268%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0592	+0.148%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0410	−0.053%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0567	+0.120%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0400	−0.064%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0570	+0.124%	$713K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0470	+0.013%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0612	+0.170%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0460	+0.002%	$297K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0377	−0.090%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0145%	1h	9.0624	+0.184%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.197%	$10.3M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0440	−0.020%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0418	−0.044%	$5.0M	$7.8M	50x	as long as short
Lighter UNI	+0.0272%	1h	9.0568	+0.122%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0462	+0.005%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0509	+0.056%	$645K	—	120x	as long as short
Hyperliquid UNI	+0.0448%	1h	9.0506	+0.053%	$98.2M	$61.7M	10x	as long as short
Aftermath Perps UNIUSD	+0.1071%	1h	9.0989	+0.587%	$999	$46K	10x	as long as short