Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: OKX against Arcus−0.604%47s7-day average −0.116% · 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−$330.334% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.409%+$41 · spread now −0.604%, 7d avg −0.116%

Together, before fees+0.377%+$38 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: OKX is 0.488% cheaper against Arcus than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of −0.116%. The two prices were read 47 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	8.9390	0.0100	pay 0.0013% / 1h	22m 55s	$317K	$661K	10x
Short	OKX UNI-USDT-SWAP	8.8850	0.0100	get 0.0100% / 8h	3h 22m	$54.4M	$260.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.604%Rate

Funding earned: $0
Price spread: −0.604% → −0.116%: −$48.77
Slippage, 4 orders: −$18.9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.17
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Arcus: live order book, 31 min ago; OKX: 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, 31 min ago	6.63 bp	8.9 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.56 bp	8.5 bp −$8	17.6 bp −$176	70.5 bp −$7,052	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
01 Exchange UNIUSD	0.0000%	1h	8.9381	−0.010%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9297	−0.104%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.219%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0094%	1h	8.9330	−0.068%	$572K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.9390	0.000%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9262	−0.144%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9262	−0.143%	$953K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9224	−0.186%	$94.9M	$64.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9016	−0.418%	$778K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9284	−0.119%	$290K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8880	−0.571%	$219.4M	$647.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8890	−0.559%	$99.7M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAPshort	+0.0100%	8h	8.8850	−0.604%	$54.4M	$260.1M	50x
Arcus UNI-USDlong	+0.0100%	1h	8.9390	long leg	$317K	$661K	10x
Gate UNI_USDT	+0.0100%	8h	8.8880	−0.571%	$23.6M	$64.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9140	−0.280%	$47.6M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9120	−0.302%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9090	−0.336%	$33.1M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8880	−0.571%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9280	−0.123%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9508	+0.132%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9522	+0.147%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.022%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9600	+0.235%	$92K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9390	0.000%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9317	−0.082%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9270	−0.134%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9334	−0.063%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9270	−0.134%	$31K	$818K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9341	−0.055%	$699K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9260	−0.145%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9051	−0.380%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9275	−0.129%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9290	−0.112%	$930K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9210	−0.201%	$10.2M	$3.5M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9307	−0.093%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0276%	1h	8.9263	−0.142%	$235K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9246	−0.161%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9300	−0.100%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0779%	1h	8.9605	+0.241%	$948	$45K	10x	as long as short