Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against edgeX+0.681%54s7-day average +0.067% · 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−$350.355% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.611%−$61 · spread now +0.681%, 7d avg +0.067%

Together, before fees−0.608%+ Points / potential airdropedgeX: Active · farm board−$61 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 0.614% dearer against edgeX than usual: you sell high and buy low, +$61 on $10k if it goes back to its 7-day average of +0.067%. 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	edgeX UNIUSDC	9.0652	0.0100	pay 0.0050% / 4h	20m 39s	$171K	$345K	20x
Short	Arcus UNI-USD	9.1270	0.0100	get 0.0013% / 1h	20m 39s	$316K	$651K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now +0.681%Rate

Funding earned: $0
Price spread: +0.681% → +0.067%: $61.39
Slippage, 4 orders: −$21.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $25.9
Costs to cover: 0.355%
Break-even: from the start

Slippage from edgeX: live order book, 38 min ago; Arcus: live order book, 38 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 edgeX live order book, 38 min ago	2.20 bp	6.7 bp −$7	15.6 bp −$156	doesn't fit	doesn't fit
Sell Arcus live order book, 38 min ago	5.48 bp	8.0 bp −$8	11.3 bp −$113	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	9.1036	+0.424%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.595%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1105	+0.499%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1105	+0.499%	$972K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1129	+0.526%	$832K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1066	+0.456%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1070	+0.461%	$224.0M	$636.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1020	+0.406%	$102.3M	$111.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1020	+0.406%	$55.4M	$262.2M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.1270	+0.681%	$316K	$651K	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	9.1180	+0.582%	$23.8M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1070	+0.461%	$48.1M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1070	+0.461%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1170	+0.571%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1180	+0.582%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1121	+0.517%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	+0.326%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.0652	long leg	$171K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0770	+0.130%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	+0.086%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1040	+0.428%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1018	+0.403%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1060	+0.450%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1093	+0.486%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1090	+0.483%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1118	+0.514%	$729K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1070	+0.461%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1038	+0.425%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1154	+0.553%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1064	+0.454%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0137%	1h	9.1022	+0.408%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0184%	1h	9.1135	+0.532%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1110	+0.505%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1080	+0.472%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1147	+0.545%	$5.1M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0303%	1h	9.1110	+0.505%	$584K	$193K	50x	as long as short
Hyperliquid UNI	+0.0349%	1h	9.1148	+0.547%	$98.7M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0976	+0.357%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1023	+0.409%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0977%	1h	9.0761	+0.120%	$899	$46K	10x	as long as short