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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Deribit against Pacifica+0.125%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$450.450% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.101%−$10 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.125%, 7d avg +0.035%
Together, before fees−0.027%+ Points / potential airdropPacifica: Active · farm board−$3 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: Deribit is 0.091% dearer against Pacifica than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica UNI8.84740.0100pay 0.0013% / 1h1m 05s$285K$611K10x
ShortDeribit UNI_USDC-PERPETUAL8.85840.0109get 0.0014% / 1h1m 05s$568K$208K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$1.89
Price spread: +0.125% → +0.035%
$9.07
Slippage, 4 orders
−$30.05
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$34.09
Costs to cover
0.450%
Break-even
133.3 days
Slippage from Pacifica: live order book, 53 min ago; Deribit: live order book, 53 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 Pacifica live order book, 53 min ago1.11 bp9.1 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Deribit live order book, 53 min ago5.69 bp15.3 bp −$1524.7 bp −$247doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange UNIUSD−0.0016%1h8.8497+0.026%$442$510xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8528+0.061%$48K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.196%$660$154K12xas long as short
Lighter UNI+0.0096%1h8.8645+0.194%$4.5M$5.9M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8456−0.019%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8595+0.137%$876K$4.6M10xas long as short
Hyperliquid UNI+0.0100%1h8.8617+0.162%$93.7M$65.3M10xas long as short
Aster UNIUSDT+0.0100%8h8.8571+0.110%$765K$3.6M50xas long as short
Pacifica UNIlong+0.0100%1h8.8474long leg$285K$611K10x
Binance UNIUSDT+0.0100%8h8.8520+0.052%$216.0M$654.7M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.8510+0.041%$99.0M$112.3M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8500+0.030%$53.7M$260.9M50xas long as short
Arcus UNI-USD+0.0100%1h8.8570+0.109%$329K$684K10xas long as short
Gate UNI_USDT+0.0100%8h8.8510+0.041%$23.4M$65.6M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8520+0.052%$46.7M$26.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8530+0.064%$13.1M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8510+0.041%$32.6M$46.2M75xas long as short
BingX UNI-USDC+0.0100%8h8.8510+0.041%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8591+0.133%$1.0M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8460−0.016%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8574+0.113%$167K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8614+0.159%$615K$2.8M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8590+0.132%$91K$702K50xas long as short
StandX UNI-USD+0.0100%1h8.8320−0.174%$15K$3.4M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8626+0.172%$93K$476K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8540+0.075%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.8543+0.078%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8518+0.050%$35K$821K10xas long as short
HTX UNI-USDT+0.0100%8h8.8780+0.346%$713K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8520+0.052%$26.8M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.8491+0.020%$283K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8510+0.041%$31K3xas long as short
Deribit UNI_USDC-PERPETUALshort+0.0109%1h8.8584+0.125%$568K$208K50x
dYdX UNI-USD+0.0204%1h8.8504+0.034%$233K$31K10xas long as short
Coinbase International UNI-PERP-INTX+0.0216%1h8.8590+0.132%$918K$5.8M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8550+0.086%$10.0M$3.6M75xas long as short
Kraken Futures PF_UNIUSD+0.0275%1h8.8567+0.105%$4.8M$8.3M50xas long as short
Reya UNIRUSDPERP+0.0375%1h8.8497+0.027%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.8530+0.063%$630K120xas long as short
Aftermath Perps UNIUSD+0.0661%1h8.8667+0.218%$1K$45K10xas long as short