Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Arcus against OKX+0.068%7-day average +0.116% · 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−$39as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now +0.068%, 7d avg +0.116%

Together, before fees+0.140%+$14 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 0.048% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.8600	0.0100	pay 0.0100% / 8h	1h 02m	$53.9M	$263.9M	50x
Short	Arcus UNI-USD	8.8660	0.0100	get 0.0013% / 1h	2m 04s	$316K	$695K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.116%: −$4.8
Slippage, 4 orders: −$19.55
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$38.84
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Arcus: live order book, 42 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 OKX live order book, 2 min ago	0.56 bp	8.0 bp −$8	13.0 bp −$130	68.4 bp −$6,844	doesn't fit
Sell Arcus live order book, 42 min ago	3.91 bp	8.7 bp −$9	11.1 bp −$111	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
Polymarket Perps UNI-USD	−0.0077%	1h	8.8586	−0.016%	$106K	$619K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8587	−0.015%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8644	+0.049%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8618	+0.020%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.339%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0035%	1h	8.8547	−0.059%	$735K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8727	+0.143%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8555	−0.051%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8670	+0.079%	$726K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8600	0.000%	$283K	$590K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8620	+0.023%	$214.1M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8600	0.000%	$98.1M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8600	long leg	$53.9M	$263.9M	50x
Arcus UNI-USDshort	+0.0100%	1h	8.8660	+0.068%	$316K	$695K	10x
Gate UNI_USDT	+0.0100%	8h	8.8620	+0.023%	$25.2M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8620	+0.023%	$48.5M	$26.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8640	+0.045%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8600	0.000%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8600	0.000%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8676	+0.086%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.259%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8745	+0.163%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8670	+0.079%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8750	+0.169%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8660	+0.068%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8570	−0.034%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8684	+0.095%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8587	−0.015%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8647	+0.053%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8620	+0.023%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8558	−0.047%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8601	+0.001%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.8719	+0.134%	$94.3M	$67.6M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0178%	1h	8.8664	+0.072%	$584K	$250K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8650	+0.056%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8600	0.000%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0377%	1h	8.8583	−0.019%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8560	−0.045%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8626	+0.029%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0517%	1h	8.8750	+0.169%	$1K	$53K	10x	as long as short