Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Arcus against Bybit+0.360%7-day average +0.144% · 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−$18as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.360%, 7d avg +0.144%

Together, before fees−0.117%−$12 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: Arcus is 0.216% dearer against Bybit than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1700	0.0100	pay 0.0100% / 8h	6h 03m	$103.0M	$107.3M	75x
Short	Arcus UNI-USD	9.2030	0.0100	get 0.0013% / 1h	3m 02s	$291K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now +0.360%Rate

Funding earned: $0
Price spread: +0.360% → +0.144%: $21.56
Slippage, 4 orders: −$24.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.14
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Arcus: live order book, 66 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 Bybit live order book, 1 min ago	0.54 bp	9.7 bp −$10	16.0 bp −$160	42.4 bp −$4,236	doesn't fit
Sell Arcus live order book, 66 min ago	5.47 bp	11.7 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1888	+0.205%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.708%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1964	+0.288%	$459	$5	10x	as long as short
dYdX UNI-USD	+0.0079%	1h	9.1831	+0.143%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1927	+0.248%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1961	+0.285%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1864	+0.179%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1750	+0.055%	$229.6M	$608.4M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1700	long leg	$103.0M	$107.3M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1720	+0.022%	$56.8M	$255.7M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USDshort	+0.0100%	1h	9.2030	+0.360%	$291K	$618K	10x
Gate UNI_USDT	+0.0100%	8h	9.1750	+0.055%	$23.5M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1800	+0.109%	$49.8M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1980	+0.305%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1710	+0.011%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1770	+0.076%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1784	+0.092%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.590%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1120	−0.632%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1496	−0.223%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.611%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1620	−0.087%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1945	+0.267%	$88K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1940	+0.262%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1964	+0.288%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1951	+0.274%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2028	+0.358%	$731K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1850	+0.164%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1813	+0.123%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1890	+0.207%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1943	+0.265%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0266%	1h	9.1886	+0.203%	$99.9M	$59.0M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1940	+0.262%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1880	+0.196%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1886	+0.203%	$654K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.2027	+0.356%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.2126	+0.465%	$4.7M	$5.3M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0619%	1h	9.1997	+0.324%	$597K	$188K	50x	as long as short
Aftermath Perps UNIUSD	+0.0921%	1h	9.1365	−0.365%	$1K	$48K	10x	as long as short