Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.032%

Price spread now: Pacifica against BloFin−0.029%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now −0.029%, 7d avg −0.008%

Together, before fees−0.265%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin UNI-USDT	8.8160	0.0220	pay 0.0220% / 8h	2h 09m	$9.8M	$3.4M	75x
Short	Pacifica UNI	8.8134	0.0100	get 0.0013% / 1h	9m 47s	$298K	$563K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.029%Rate

Funding earned: −$25.2
Price spread: −0.029% → −0.008%: −$2.07
Slippage, 4 orders: −$18.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$65.35
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Pacifica: live order book, 14 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 BloFin live order book, 9 min ago	2.81 bp	11.1 bp −$11	20.3 bp −$203	47.7 bp −$4,765	doesn't fit
Sell Pacifica live order book, 14 min ago	0.56 bp	10.9 bp −$11	doesn't fit	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	−0.0125%	8h	8.8143	−0.020%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0080%	8h	8.8080	−0.091%	$100.5M	$106.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8129	−0.035%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0026%	8h	8.8090	−0.079%	$54.3M	$246.0M	50x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.8173	+0.015%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0034%	1h	8.8157	−0.003%	$564K	$154K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8076	−0.096%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8090	−0.079%	$852K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8146	−0.016%	$1.0M	$3.4M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	8.8134	−0.029%	$298K	$563K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8116	−0.050%	$215.2M	$597.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8230	+0.079%	$272K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8100	−0.068%	$22.9M	$59.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8110	−0.057%	$42.5M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8100	−0.068%	$13.3M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8090	−0.079%	$31.9M	$41.7M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8100	−0.068%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8151	−0.010%	$978K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8900	+0.839%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8175	+0.017%	$612K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8920	+0.862%	$84K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8200	+0.045%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8121	−0.044%	$86K	$346K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8110	−0.057%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8177	+0.019%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8114	−0.052%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8384	+0.254%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8130	−0.034%	$26.5M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8073	−0.099%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8137	−0.026%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0120%	1h	8.8157	−0.003%	$244K	$6K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8170	+0.011%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDTlong	+0.0220%	8h	8.8160	long leg	$9.8M	$3.4M	75x
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8200	+0.045%	$4.9M	$7.2M	50x	as long as short
Hyperliquid UNI	+0.0317%	1h	8.8235	+0.085%	$96.2M	$59.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8093	−0.076%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8121	−0.044%	$553K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0577%	1h	8.8587	+0.484%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0608%	1h	8.8291	+0.149%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.295%	$657	$97K	12x	as long as short