Funding arb · Price arb /

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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 0.000%

Price spread now: Arcus against edgeX+0.244%7-day average +0.066% · 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−$12as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.244%, 7d avg +0.066%

Together, before fees−0.332%+ Points / potential airdropedgeX: Active · farm board−$33 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 0.178% dearer against edgeX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UNIUSDC	9.1826	0.0100	pay 0.0050% / 4h	2h 00m	$173K	$346K	20x
Short	Arcus UNI-USD	9.2050	0.0100	get 0.0013% / 1h	0m 58s	$292K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → +0.066%: $17.78
Slippage, 4 orders: −$16.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$12.45
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Arcus: live order book, 3 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 edgeX live order book, 2 min ago	2.18 bp	6.8 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	5.98 bp	8.3 bp −$8	10.5 bp −$105	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	9.1929	+0.112%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.840%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1968	+0.155%	$459	$5	10x	as long as short
dYdX UNI-USD	+0.0076%	1h	9.1841	+0.016%	$242K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1835	+0.010%	$975K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2021	+0.213%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1887	+0.067%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1864	+0.041%	$229.9M	$607.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1810	−0.017%	$103.1M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1850	+0.026%	$56.9M	$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	9.2050	+0.244%	$292K	$619K	10x
Gate UNI_USDT	+0.0100%	8h	9.1810	−0.017%	$23.5M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1850	+0.026%	$49.8M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1940	+0.124%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1890	+0.070%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1820	−0.007%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1948	+0.133%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.058%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.1826	long leg	$173K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	−0.095%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1930	+0.113%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1940	+0.124%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1902	+0.083%	$89K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1940	+0.124%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2011	+0.201%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1950	+0.135%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1978	+0.165%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1930	+0.113%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1812	−0.016%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1866	+0.043%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1935	+0.119%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0287%	1h	9.2058	+0.253%	$100.2M	$59.1M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1930	+0.113%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1862	+0.039%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1920	+0.103%	$654K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1989	+0.178%	$5.1M	$6.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0511%	1h	9.1994	+0.183%	$597K	$188K	50x	as long as short
Lighter UNI	+0.0520%	1h	9.2111	+0.310%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.1562	−0.288%	$1K	$48K	10x	as long as short