Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.032%

Price spread now: BloFin against Arcus+0.180%95s7-day average −0.050% · you sell dearer than you buy

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−$410.411% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 3 days (all we have)−0.190%−$19 · spread now +0.180%, 7d avg −0.050%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.230% dearer against Arcus than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 95 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	Arcus UNI-USD	8.9060	0.0100	pay 0.0013% / 1h	13m 45s	$274K	$621K	10x
Short	BloFin UNI-USDT	8.9220	0.0220	get 0.0220% / 8h	1h 13m	$9.9M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.180%Rate

Funding earned: $25.2
Price spread: +0.180% → −0.050%: $23
Slippage, 4 orders: −$24.64
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.06
Costs to cover: 0.411%
Break-even: 5.0 days

Slippage from Arcus: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	3.93 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.69 bp	11.2 bp −$11	17.5 bp −$175	50.5 bp −$5,055	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
Variational Omni UNI	−0.0045%	8h	8.9174	+0.128%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9186	+0.141%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0005%	8h	8.9000	−0.067%	$101.5M	$104.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0014%	1h	8.9196	+0.153%	$567K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.853%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.8990	−0.079%	$55.1M	$245.6M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9050	−0.011%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9027	−0.037%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9205	+0.163%	$945K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9135	+0.084%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9058	−0.002%	$301K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9021	−0.044%	$218.7M	$589.3M	75x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	8.9060	long leg	$274K	$621K	10x
Gate UNI_USDT	+0.0100%	8h	8.8980	−0.090%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9040	−0.022%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9030	−0.034%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8940	−0.135%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8950	−0.124%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9105	+0.051%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.251%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.202%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.225%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.157%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9186	+0.141%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9140	+0.090%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9253	+0.217%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9150	+0.101%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9312	+0.283%	$732K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9120	+0.067%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8922	−0.155%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9143	+0.093%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0115%	1h	8.9052	−0.009%	$247K	$6K	10x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.9220	+0.180%	$9.9M	$3.4M	75x
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9320	+0.292%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0339%	1h	8.9212	+0.171%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9150	+0.101%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9179	+0.133%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0399%	1h	8.9189	+0.145%	$98.2M	$59.3M	10x	as long as short
Lighter UNI	+0.0632%	1h	8.9204	+0.162%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0645%	1h	8.9014	−0.051%	$1K	$49K	10x	as long as short