Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Gate+0.068%7-day average +0.090% · 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−$47as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now +0.068%, 7d avg +0.090%

Together, before fees+0.086%+$9 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 0.022% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	8.8300	0.0100	pay 0.0100% / 8h	1h 31m	$22.9M	$58.5M	75x
Short	Arcus UNI-USD	8.8360	0.0100	get 0.0013% / 1h	31m 04s	$281K	$615K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.090%: −$2.16
Slippage, 4 orders: −$25.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$47.08
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Arcus: live order book, 53 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 Gate live order book, 3 min ago	0.57 bp	14.4 bp −$14	27.3 bp −$273	43.2 bp −$4,316	65.0 bp −$32.5K
Sell Arcus live order book, 53 min ago	3.36 bp	10.6 bp −$11	12.7 bp −$127	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	−0.0076%	8h	8.8115	−0.210%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0013%	8h	8.8280	−0.023%	$100.7M	$104.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8325	+0.028%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	0.000%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0041%	8h	8.8300	0.000%	$54.7M	$243.5M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8332	+0.036%	$441	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	8.8335	+0.039%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8269	−0.036%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8295	−0.006%	$934K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8360	+0.068%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8308	+0.010%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8300	0.000%	$216.7M	$588.0M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.8360	+0.068%	$281K	$615K	10x
Gate UNI_USDTlong	+0.0100%	8h	8.8300	long leg	$22.9M	$58.5M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8280	−0.023%	$42.7M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8290	−0.011%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8260	−0.045%	$32.0M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8290	−0.011%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8322	+0.025%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8322	+0.025%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8300	0.000%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8330	+0.034%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8250	−0.057%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8311	+0.012%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8260	−0.045%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8347	+0.053%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8282	−0.020%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8387	+0.099%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8280	−0.023%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8245	−0.063%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8310	+0.011%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0112%	1h	8.8339	+0.045%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8240	−0.068%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8340	+0.045%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0294%	1h	8.8400	+0.113%	$96.7M	$59.2M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8346	+0.052%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8281	−0.022%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8312	+0.013%	$553K	—	120x	as long as short
Lighter UNI	+0.0608%	1h	8.8461	+0.182%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0630%	1h	8.8345	+0.051%	$1K	$49K	10x	as long as short