Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.033%

Price spread now: BloFin against Pacifica−0.187%94s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$390.387% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.187%, 7d avg −0.011%

Together, before fees+0.432%+ Points / potential airdropPacifica: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.176% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.187% now, against its 7-day average of −0.011%). If the spread goes back, that is −$18 on $10k: about 4.9 days of funding at the current rate (+$4 a day). The two prices were read 94 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	Pacifica UNI	8.7374	0.0100	pay 0.0013% / 1h	47m 37s	$288K	$457K	10x
Short	BloFin UNI-USDT	8.7210	0.0220	get 0.0220% / 8h	4h 47m	$10.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.187%Rate

Funding earned: $25.2
Price spread: −0.187% → −0.011%: −$17.58
Slippage, 4 orders: −$18.7
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.08
Costs to cover: 0.387%
Break-even: 15.6 days

Slippage from Pacifica: live order book, 59 min ago; BloFin: live order book, 4 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, 59 min ago	0.57 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	3.45 bp	9.5 bp −$9	10.3 bp −$103	22.0 bp −$2,205	88.8 bp −$44.4K

UNI on 40 exchanges

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 −0.0005%	1h	8.7302	−0.082%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+1.060%	$660	$147K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0049%	1h	8.7353	−0.024%	$578K	$211K	50x	as long as short
Nado UNI-PERP	+0.0052%	1h	8.7188	−0.213%	$647K	$3.9M	10x	as long as short
OKX UNI-USDT-SWAP	+0.0081%	8h	8.7310	−0.073%	$54.0M	$214.0M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7470	+0.110%	$4.3M	$4.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7345	−0.033%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7422	+0.055%	$763K	$2.4M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	8.7374	long leg	$288K	$457K	10x
Binance UNIUSDT	+0.0100%	8h	8.7340	−0.038%	$213.0M	$552.6M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.7310	−0.073%	$96.7M	$95.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7430	+0.065%	$318K	$517K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7340	−0.038%	$28.2M	$53.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7370	−0.004%	$45.4M	$20.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7390	+0.019%	$12.9M	$11.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7330	−0.050%	$32.7M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7340	−0.038%	—	$49.3M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.6892	−0.551%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7090	−0.325%	$164K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7268	−0.121%	$610K	$2.1M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7220	−0.176%	$89K	$715K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7250	−0.141%	$92K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7293	−0.092%	$91K	$621K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7300	−0.084%	$16K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7419	+0.052%	$35K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7320	−0.061%	$21K	$743K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7316	−0.066%	$694K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7340	−0.038%	$26.3M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7305	−0.078%	$297K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7223	−0.172%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0120%	1h	8.7362	−0.014%	$4.6M	$7.5M	50x	as long as short
01 Exchange UNIUSD	+0.0144%	1h	8.7375	+0.002%	$436	$56	10x	as long as short
Backpack UNI_USDC_PERP	+0.0180%	1h	8.7414	+0.046%	$1.1M	$2.1M	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.7210	−0.187%	$10.0M	$3.3M	75x
Hyperliquid UNI	+0.0251%	1h	8.7429	+0.063%	$93.8M	$60.2M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0264%	1h	8.7440	+0.076%	$905K	$4.3M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.7282	−0.105%	$621K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0388%	1h	8.7219	−0.177%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0585%	1h	8.7254	−0.137%	$1K	$48K	10x	as long as short
dYdX UNI-USD	+0.0608%	1h	8.7348	−0.029%	$229K	$32K	10x	as long as short