Funding you earn now, next payment 23:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.012%
Price spread now: Deribit against Arcus−0.122%7-day average −0.025% · 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−$55as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 3 days (all we have)+0.025%+$3 on $10k
+Price spread, last 3 days (all we have)+0.260%+$26 · spread now −0.122%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.097% cheaper against Arcus than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus UNI-USD | 8.8940 | 0.0100 | pay 0.0013% / 1h | 19m 45s | $283K | $615K | 10x |
| Short | Deribit UNI_USDC-PERPETUAL | 8.8832 | 0.0019 | get 0.0002% / 1h | 19m 45s | $565K | $157K | 50x |
Arcus UNI-USD
Deribit UNI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.01
- Price spread: −0.122% → −0.025%
- −$9.67
- Slippage, 4 orders
- −$33.79
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$71.97
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 64 min ago; Deribit: live order book, 64 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, 64 min ago | 3.36 bp | 7.0 bp −$7 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 64 min ago | 8.70 bp | 12.5 bp −$13 | 21.0 bp −$210 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0051% | 8h | 8.8824 | −0.131% | $3.9M | $4.5M | — | as long as short |
| Bybit UNIUSDT | +0.0001% | 8h | 8.8830 | −0.124% | $101.2M | $104.6M | 75x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.8877 | −0.071% | $62K | — | 150x | as long as short |
| Deribit UNI_USDC-PERPETUALshort | +0.0019% | 1h | 8.8832 | −0.122% | $565K | $157K | 50x | |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.720% | $660 | $155K | 12x | as long as short |
| OKX UNI-USDT-SWAP | +0.0046% | 8h | 8.8820 | −0.135% | $54.9M | $244.9M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0056% | 1h | 8.8927 | −0.015% | $444 | — | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8809 | −0.147% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8830 | −0.124% | $941K | $4.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8861 | −0.088% | $1.0M | $3.3M | 50x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.8870 | −0.079% | $300K | $577K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8845 | −0.107% | $218.0M | $588.7M | 75x | as long as short |
| Arcus UNI-USDlong | +0.0100% | 1h | 8.8940 | long leg | $283K | $615K | 10x | |
| Gate UNI_USDT | +0.0100% | 8h | 8.8840 | −0.112% | $23.1M | $58.7M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8870 | −0.079% | $42.9M | $24.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8850 | −0.101% | $13.6M | $13.7M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8830 | −0.124% | $32.2M | $41.3M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8820 | −0.135% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8838 | −0.115% | $986K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8599 | −0.383% | $167K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8775 | −0.186% | $626K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8740 | −0.225% | $88K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8880 | −0.067% | $106K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8868 | −0.081% | $86K | $354K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8780 | −0.180% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8921 | −0.021% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8783 | −0.177% | $25K | $666K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8993 | +0.060% | $730K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8830 | −0.124% | $26.7M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8780 | −0.180% | $301K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8785 | −0.174% | $32K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0132% | 1h | 8.8838 | −0.114% | $246K | $6K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8900 | −0.045% | $9.9M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0224% | 1h | 8.8970 | +0.034% | $1.1M | $5.3M | 50x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0341% | 1h | 8.8858 | −0.092% | $4.9M | $7.0M | 50x | as long as short |
| Hyperliquid UNI | +0.0352% | 1h | 8.8971 | +0.035% | $97.6M | $59.1M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0362% | 1h | 8.8825 | −0.129% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0319% | 1h | 8.8860 | −0.090% | $557K | — | 120x | as long as short |
| Lighter UNI | +0.0600% | 1h | 8.9025 | +0.096% | $4.5M | $5.2M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0630% | 1h | 8.8738 | −0.228% | $1K | $50K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Lighter UNI
Aftermath Perps UNIUSD