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% APRpaid last 24h 0.000%

Price spread now: Pacifica against Phemex−0.063%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.063%, 7d avg −0.013%

Together, before fees+0.043%+ Points / potential airdropPacifica: Active · farm board+$4 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 0.050% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.1080	0.0100	pay 0.0100% / 8h	6h 20m	$27.5M	$4.5M	50x
Short	Pacifica UNI	9.1023	0.0100	get 0.0013% / 1h	20m 39s	$298K	$574K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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 PhemexbpFee PacificabpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.013%: −$5.04
Slippage, 4 orders: −$37.86
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$62.89
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Pacifica: live order book, 48 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 Phemex live order book, 3 min ago	8.78 bp	21.1 bp −$21	31.4 bp −$314	doesn't fit	doesn't fit
Sell Pacifica live order book, 48 min ago	1.10 bp	10.9 bp −$11	doesn't fit	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	9.1166	+0.095%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0025%	1h	9.1013	−0.074%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.052%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.1122	+0.046%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1060	−0.022%	$964K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1102	+0.024%	$1.0M	$2.9M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	9.1023	−0.063%	$298K	$574K	10x
Binance UNIUSDT	+0.0100%	8h	9.1020	−0.066%	$227.5M	$611.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0990	−0.099%	$101.9M	$107.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0980	−0.110%	$56.2M	$255.3M	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-USD	+0.0100%	1h	9.1080	0.000%	$288K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0990	−0.099%	$23.3M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1020	−0.066%	$49.8M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0960	−0.132%	$13.7M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0980	−0.110%	$33.3M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0980	−0.110%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1060	−0.022%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1128	+0.053%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0980	−0.110%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1110	+0.033%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1000	−0.088%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1220	+0.154%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1167	+0.096%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1150	+0.077%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1254	+0.191%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1130	+0.055%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1212	+0.145%	$727K	$4.2M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.1080	long leg	$27.5M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0974	−0.116%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0943	−0.150%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1154	+0.082%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0117%	1h	9.1149	+0.076%	$98.9M	$60.5M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.1188	+0.118%	$592K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1190	+0.121%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.1096	+0.018%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1166	+0.094%	$648K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1168	+0.096%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0456%	1h	9.1177	+0.106%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0937%	1h	9.0854	−0.248%	$991	$48K	10x	as long as short