Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.002%
Price spread now: Pacifica against Deribit+0.067%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$460.458% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.067%, 7d avg −0.028%
Together, before fees−0.270%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.095% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit UNI_USDC-PERPETUAL8.84790.0053pay 0.0007% / 1h20m 44s$585K$222K50x
ShortPacifica UNI8.85380.0100get 0.0013% / 1h20m 44s$289K$482K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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

Funding earned
$9.87
Price spread: +0.067% → −0.028%
$9.46
Slippage, 4 orders
−$30.79
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$26.46
Costs to cover
0.458%
Break-even
25.8 days
Slippage from Deribit: live order book, 31 min ago; Pacifica: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 31 min ago9.74 bp13.5 bp −$1422.2 bp −$222doesn't fitdoesn't fit
Sell Pacifica live order book, 31 min ago1.14 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit

UNI on 40 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.8464−0.017%$76K150xas long as short
Nado UNI-PERP+0.0004%1h8.8475−0.005%$744K$4.1M10xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.203%$660$152K12xas long as short
01 Exchange UNIUSD+0.0040%1h8.8458−0.024%$441$5610xas long as short
dYdX UNI-USD+0.0042%1h8.8511+0.036%$232K$32K10xas long as short
Deribit UNI_USDC-PERPETUALlong+0.0053%1h8.8479long leg$585K$222K50x
Lighter UNI+0.0096%1h8.8464−0.017%$4.4M$5.0M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8444−0.040%$25K20xas long as short
Aster UNIUSDT+0.0100%8h8.8380−0.112%$783K$2.5M50xas long as short
Pacifica UNIshort+0.0100%1h8.8538+0.067%$289K$482K10x
Show all 40 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8360−0.135%$214.1M$592.7M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8350−0.146%$97.7M$100.3M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8390−0.101%$54.4M$237.5M50xas long as short
Arcus UNI-USD+0.0100%1h8.8570+0.103%$319K$555K10xas long as short
Gate UNI_USDT+0.0100%8h8.8480+0.001%$27.5M$58.1M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8480+0.001%$45.8M$25.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8480+0.001%$12.9M$11.7M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8360−0.135%$32.9M$43.6M75xas long as short
BingX UNI-USDT+0.0100%8h8.8420−0.067%$53.1Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8548+0.078%$1.1M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h8.8387−0.104%$4.1M$3.1Mas long as short
edgeX UNIUSDC+0.0100%4h8.8404−0.085%$167K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8386−0.106%$627K$2.4M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8470−0.010%$89K$708K50xas long as short
StandX UNI-USD+0.0100%1h8.8480+0.001%$91K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8465−0.016%$105K$592K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8400−0.090%$16K$2.6M10xas long as short
SunX UNI-USDT+0.0100%8h8.8534+0.062%$36K$1.2M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8452−0.031%$32K$730K10xas long as short
HTX UNI-USDT+0.0100%8h8.8537+0.065%$692K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8440−0.044%$26.7M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8433−0.052%$303K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8445−0.039%$31K3xas long as short
Kraken Futures PF_UNIUSD+0.0142%1h8.8517+0.043%$4.7M$7.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8420−0.067%$10.0M$3.4M75xas long as short
Coinbase International UNI-PERP-INTX+0.0248%1h8.8400−0.090%$923K$4.5M50xas long as short
Hyperliquid UNI+0.0249%1h8.8528+0.055%$95.3M$63.4M10xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8436−0.049%$629K120xas long as short
Reya UNIRUSDPERP+0.0385%1h8.8444−0.040%$16K20xas long as short
Aftermath Perps UNIUSD+0.0502%1h8.8354−0.142%$1K$51K10xas long as short