Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against Pacifica−0.111%7-day average +0.517% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Pacifica Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.448%+$45 · spread now −0.111%, 7d avg +0.517%

Together, before fees+0.439%+ Points / potential airdropPacifica: Active · farm board+$44 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: Backpack is 0.629% cheaper against Pacifica than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of +0.517%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	9.0846	0.0100	pay 0.0013% / 1h	40m 48s	$296K	$570K	10x
Short	Backpack UNI_USDC_PERP	9.0745	0.0100	get 0.0013% / 1h	40m 48s	$987K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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 PacificabpFee BackpackbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.517%: −$62.86
Slippage, 4 orders: −$16.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$97.18
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Pacifica: live order book, 23 min ago; Backpack: live order book, 3 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 Pacifica live order book, 23 min ago	0.54 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.66 bp	6.8 bp −$7	266.1 bp −$2,661	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	9.0866	+0.022%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.803%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0936	+0.099%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0837	−0.009%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0834	−0.013%	$1.0M	$2.9M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.0846	long leg	$296K	$570K	10x
Binance UNIUSDT	+0.0100%	8h	9.0813	−0.037%	$226.5M	$609.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0790	−0.062%	$102.2M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0810	−0.040%	$56.1M	$253.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1020	+0.191%	$288K	$619K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0770	−0.084%	$23.4M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0800	−0.051%	$49.1M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0770	−0.084%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0750	−0.106%	$33.2M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0780	−0.073%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	9.0745	−0.111%	$987K	$2.2M	10x
Variational Omni UNI	+0.0100%	8h	9.0797	−0.054%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1246	+0.441%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1249	+0.444%	$637K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1290	+0.489%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1320	+0.522%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0935	+0.098%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0840	−0.007%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0904	+0.064%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0811	−0.039%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.103%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0720	−0.139%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0883	+0.041%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0770	−0.084%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0805	−0.045%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0150%	1h	9.0825	−0.024%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0630	−0.238%	$10.4M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0248%	1h	9.0878	+0.035%	$586K	$191K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0847	+0.001%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0830	−0.018%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.0866	+0.022%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0858	+0.013%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0566%	1h	9.0856	+0.011%	$98.6M	$59.6M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.0985	+0.153%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0966%	1h	9.1045	+0.218%	$932	$47K	10x	as long as short