Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Phemex−0.124%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.124%, 7d avg −0.013%

Together, before fees+0.049%+ Points / potential airdropPacifica: Active · farm board+$5 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 0.112% cheaper against Phemex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.1320	0.0100	pay 0.0100% / 8h	7h 33m	$27.5M	$4.5M	50x
Short	Pacifica UNI	9.1206	0.0100	get 0.0013% / 1h	33m 00s	$306K	$583K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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 PhemexbpFee PacificabpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.013%: −$11.16
Slippage, 4 orders: −$42.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$73.6
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Pacifica: live order book, 41 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 Phemex live order book, 6 min ago	8.73 bp	27.1 bp −$27	58.9 bp −$589	doesn't fit	doesn't fit
Sell Pacifica live order book, 41 min ago	1.67 bp	8.5 bp −$8	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1323	+0.003%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.307%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1161	−0.174%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1275	−0.049%	$963K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1322	+0.002%	$1.0M	$3.4M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	9.1206	−0.124%	$306K	$583K	10x
Binance UNIUSDT	+0.0100%	8h	9.1572	+0.276%	$229.4M	$594.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1550	+0.252%	$103.3M	$106.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1560	+0.263%	$56.3M	$255.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1290	−0.033%	$271K	$616K	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	9.1560	+0.263%	$23.1M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1530	+0.230%	$44.9M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1330	+0.011%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1590	+0.296%	$33.6M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1570	+0.274%	—	$53.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1583	+0.288%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.132%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1283	−0.041%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1100	−0.241%	$644K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.405%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1240	−0.088%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1365	+0.049%	$85K	$374K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1260	−0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1209	−0.122%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1290	−0.033%	$21K	$707K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1480	+0.175%	$726K	$4.4M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.1320	long leg	$27.5M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.1135	−0.202%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1234	−0.094%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1295	−0.028%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0139%	1h	9.1246	−0.081%	$252K	$8K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0143%	1h	9.1347	+0.030%	$589K	$178K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1290	−0.033%	$10.3M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1440	+0.131%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1313	−0.008%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1310	−0.011%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1375	+0.060%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0512%	1h	9.1699	+0.415%	$101.0M	$60.2M	10x	as long as short
Lighter UNI	+0.0880%	1h	9.1476	+0.171%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0919%	1h	9.1413	+0.102%	$1K	$49K	10x	as long as short