Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against edgeX+0.203%52s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.203%, 7d avg +0.006%

Together, before fees−0.165%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$16 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 0.197% dearer against edgeX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 52 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	8.8335	0.0100	pay 0.0050% / 4h	1h 26m	$166K	$342K	20x
Short	Pacifica UNI	8.8514	0.0100	get 0.0013% / 1h	26m 12s	$297K	$570K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.006%: $19.67
Slippage, 4 orders: −$14.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$11.48
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; Pacifica: live order book, 57 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, 57 min ago	2.24 bp	7.0 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit
Sell Pacifica live order book, 57 min ago	0.56 bp	10.9 bp −$11	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
Variational Omni UNI	−0.0066%	8h	8.8274	−0.069%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0005%	8h	8.8400	+0.074%	$100.8M	$104.4M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8485	+0.170%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.039%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0043%	8h	8.8410	+0.085%	$54.8M	$243.7M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8482	+0.167%	$442	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0080%	1h	8.8503	+0.190%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8410	+0.085%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8445	+0.125%	$940K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8554	+0.249%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNIshort	+0.0100%	1h	8.8514	+0.203%	$297K	$570K	10x
Binance UNIUSDT	+0.0100%	8h	8.8420	+0.097%	$217.0M	$588.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8520	+0.210%	$282K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8470	+0.153%	$23.0M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8430	+0.108%	$42.8M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8460	+0.142%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8410	+0.085%	$32.0M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8430	+0.108%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8455	+0.136%	$982K	$2.3M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8335	long leg	$166K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8402	+0.076%	$613K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8370	+0.040%	$87K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8280	−0.062%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8468	+0.151%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8460	+0.142%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8470	+0.153%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8420	+0.097%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8526	+0.217%	$727K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8420	+0.097%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8397	+0.071%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8461	+0.143%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0160%	1h	8.8503	+0.190%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8350	+0.017%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8510	+0.198%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0311%	1h	8.8590	+0.289%	$97.1M	$59.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0342%	1h	8.8496	+0.183%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8415	+0.091%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8464	+0.147%	$554K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.8609	+0.310%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0623%	1h	8.8381	+0.052%	$1K	$49K	10x	as long as short