Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against edgeX+0.117%52s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.339% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.117%, 7d avg +0.006%

Together, before fees−0.278%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$28 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: Pacifica is 0.111% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 52 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	edgeX UNIUSDC	8.9100	0.0100	pay 0.0050% / 4h	3h 52m	$168K	$346K	20x
Short	Pacifica UNI	8.9204	0.0100	get 0.0013% / 1h	52m 06s	$288K	$567K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.006%: $11.09
Slippage, 4 orders: −$16.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.81
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Pacifica: live order book, 47 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, 46 min ago	2.26 bp	6.8 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit
Sell Pacifica live order book, 47 min ago	0.56 bp	12.5 bp −$13	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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9205	+0.119%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9166	+0.074%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.898%	$660	$153K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0038%	1h	8.9215	+0.130%	$591K	$273K	50x	as long as short
Phemex UNIUSDT	+0.0067%	8h	8.9140	+0.045%	$26.9M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9124	+0.028%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9265	+0.185%	$728K	$4.7M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9300	+0.225%	$95.3M	$67.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9232	+0.148%	$724K	$3.2M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	8.9204	+0.117%	$288K	$567K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9187	+0.098%	$217.1M	$652.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9180	+0.090%	$99.0M	$110.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9170	+0.079%	$54.5M	$262.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9310	+0.236%	$323K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9210	+0.124%	$26.6M	$62.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9200	+0.113%	$48.0M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9190	+0.101%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9170	+0.079%	$33.0M	$46.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9160	+0.068%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9200	+0.113%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.9100	long leg	$168K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9321	+0.248%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9170	+0.079%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9180	+0.090%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9290	+0.214%	$104K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9210	+0.124%	$17K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9382	+0.317%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9120	+0.023%	$32K	$894K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9255	+0.174%	$707K	$4.7M	75x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9110	+0.012%	$301K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9193	+0.104%	$32K	—	3x	as long as short
01 Exchange UNIUSD	+0.0120%	1h	8.9357	+0.289%	$446	$5	10x	as long as short
dYdX UNI-USD	+0.0133%	1h	8.9191	+0.103%	$235K	$30K	10x	as long as short
Lighter UNI	+0.0136%	1h	8.9254	+0.173%	$4.5M	$5.4M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9300	+0.225%	$929K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9180	+0.090%	$10.2M	$3.6M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0255%	1h	8.9273	+0.194%	$1.1M	$2.5M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9204	+0.116%	$635K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0382%	1h	8.9238	+0.155%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0397%	1h	8.9264	+0.184%	$1K	$52K	10x	as long as short