Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Pacifica−0.080%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Pacifica 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)+0.140%+$14 · spread now −0.080%, 7d avg +0.061%

Together, before fees+0.142%+ Points / potential airdropPacifica: Active · farm board+$14 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 0.141% cheaper against Pacifica than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	9.1093	0.0100	pay 0.0013% / 1h	22m 47s	$298K	$574K	10x
Short	Arcus UNI-USD	9.1020	0.0100	get 0.0013% / 1h	22m 47s	$288K	$641K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → +0.061%: −$14.06
Slippage, 4 orders: −$29.29
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$55.84
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Pacifica: live order book, 46 min ago; Arcus: live order book, 46 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 Pacifica live order book, 46 min ago	1.10 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 46 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 −0.0004%	1h	9.0968	−0.137%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0018%	1h	9.1055	−0.042%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.066%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.0964	−0.141%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0935	−0.173%	$951K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1356	+0.289%	$99.1M	$60.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1207	+0.125%	$1.1M	$2.9M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	9.1093	long leg	$298K	$574K	10x
Binance UNIUSDT	+0.0100%	8h	9.1228	+0.148%	$227.8M	$610.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1190	+0.107%	$102.1M	$107.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1210	+0.129%	$56.3M	$255.9M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.1020	−0.080%	$288K	$641K	10x
Gate UNI_USDT	+0.0100%	8h	9.1210	+0.129%	$23.3M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1190	+0.107%	$50.0M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1150	+0.063%	$13.5M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1200	+0.118%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1200	+0.118%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1067	−0.028%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.563%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	−0.701%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0859	−0.256%	$632K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0890	−0.222%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0990	−0.113%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0969	−0.136%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1000	−0.102%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1032	−0.067%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1052	−0.045%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1147	+0.060%	$724K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1020	−0.080%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0978	−0.126%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1083	−0.010%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1050	−0.047%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.1084	−0.009%	$591K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1110	+0.019%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0897	−0.215%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0925	−0.184%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1075	−0.019%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0448%	1h	9.1397	+0.334%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.0648	−0.488%	$988	$48K	10x	as long as short