Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Arcus−0.122%7-day average −0.107% · 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−$45as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.122%, 7d avg −0.107%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.0320	0.0100	pay 0.0013% / 1h	49m 28s	$315K	$653K	10x
Short	BingX UNI-USDC	9.0210	0.0100	get 0.0100% / 8h	3h 49m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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 ArcusbpFee BingXbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.107%: −$1.43
Slippage, 4 orders: −$29.55
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.48
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; BingX: live order book, 1 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 Arcus live order book, 4 min ago	6.63 bp	8.9 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	1.11 bp	12.6 bp −$13	29.3 bp −$293	81.2 bp −$8,122	728.0 bp −$364.0K

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	9.0236	−0.092%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.236%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0241	−0.087%	$450	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0357	+0.041%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0200	−0.133%	$966K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0312	−0.009%	$97.6M	$62.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0258	−0.069%	$812K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0244	−0.085%	$293K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0230	−0.100%	$221.8M	$641.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0210	−0.122%	$101.4M	$111.4M	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	9.0210	−0.122%	$54.9M	$261.0M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	9.0320	long leg	$315K	$653K	10x
Gate UNI_USDT	+0.0100%	8h	9.0220	−0.111%	$23.7M	$63.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0230	−0.100%	$47.5M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0220	−0.111%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0210	−0.122%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	9.0210	−0.122%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0351	+0.034%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.311%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.144%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	+0.066%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0480	+0.177%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0330	+0.011%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0241	−0.087%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0220	−0.111%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0314	−0.007%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0265	−0.061%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0378	+0.064%	$722K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	+0.011%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0187	−0.148%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0165	−0.171%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0236	−0.092%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0204%	1h	9.0290	−0.033%	$578K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0330	+0.011%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0020	−0.332%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0342	+0.025%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0188	−0.147%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0375%	1h	9.0235	−0.094%	$238K	$30K	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0228	−0.102%	$642K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0881%	1h	9.0400	+0.088%	$1K	$45K	10x	as long as short