Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against ApeX Omni−0.278%53s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$480.477% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.278%, 7d avg +0.011%

Together, before fees+0.213%+$21 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 0.288% cheaper against ApeX Omni than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 53 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	ApeX Omni UNIUSDT	9.0000	0.0100	pay 0.0013% / 1h	45m 46s	$88K	$706K	50x
Short	Arcus UNI-USD	8.9750	0.0100	get 0.0013% / 1h	45m 46s	$274K	$616K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now −0.278%Rate

Funding earned: $0
Price spread: −0.278% → +0.011%: −$28.84
Slippage, 4 orders: −$33.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$76.52
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; Arcus: live order book, 23 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 ApeX Omni live order book, 23 min ago	6.02 bp	13.4 bp −$13	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Arcus live order book, 23 min ago	5.47 bp	11.7 bp −$12	14.9 bp −$149	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
dYdX UNI-USD	0.0000%	1h	8.9717	−0.315%	$236K	$30K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9648	−0.392%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.889%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.9709	−0.323%	$448	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9650	−0.389%	$929K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9621	−0.421%	$97.7M	$59.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9660	−0.378%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9711	−0.321%	$294K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9550	−0.500%	$224.4M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9530	−0.522%	$100.5M	$107.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9520	−0.533%	$55.3M	$251.9M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.9750	−0.278%	$274K	$616K	10x
Gate UNI_USDT	+0.0100%	8h	8.9550	−0.500%	$22.8M	$57.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9580	−0.467%	$49.8M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9610	−0.433%	$13.3M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9490	−0.567%	$32.8M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9550	−0.500%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9629	−0.412%	$982K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9621	−0.421%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9950	−0.056%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9996	−0.004%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	9.0000	long leg	$88K	$706K	50x
StandX UNI-USD	+0.0100%	1h	8.9770	−0.256%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9677	−0.359%	$85K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9670	−0.367%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9710	−0.322%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9640	−0.400%	$21K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	−0.156%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9630	−0.411%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9672	−0.364%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9542	−0.509%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9663	−0.374%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	−0.067%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0232%	1h	8.9739	−0.290%	$580K	$187K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9820	−0.200%	$1.1M	$4.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	8.9611	−0.433%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9647	−0.393%	$639K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0427%	1h	8.9720	−0.311%	$5.0M	$6.9M	50x	as long as short
Lighter UNI	+0.0440%	1h	8.9726	−0.304%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1018%	1h	9.0005	+0.006%	$883	$49K	10x	as long as short