Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.115%7-day average +0.023% · 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−$34as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on SoDEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.115%, 7d avg +0.023%

Together, before fees−0.256%+ Points / potential airdropPacifica: Active · farm board−$26 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 0.092% dearer against SoDEX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	8.9150	0.0100	pay 0.0013% / 1h	14m 03s	$25K	$666K	10x
Short	Pacifica UNI	8.9252	0.0100	get 0.0013% / 1h	14m 03s	$301K	$577K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.023%: $9.15
Slippage, 4 orders: −$27.58
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.43
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Pacifica: live order book, 5 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 SoDEX live order book, 5 min ago	0.56 bp	10.1 bp −$10	27.5 bp −$275	129.2 bp −$12.9K	doesn't fit
Sell Pacifica live order book, 5 min ago	1.12 bp	13.2 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
Variational Omni UNI	−0.0045%	8h	8.9174	+0.027%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0004%	8h	8.9020	−0.146%	$101.6M	$104.7M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9186	+0.040%	$62K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0014%	1h	8.9196	+0.052%	$567K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.953%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.9010	−0.157%	$55.1M	$245.7M	50x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9221	+0.080%	$445	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9182	+0.036%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9205	+0.062%	$945K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9143	−0.008%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNIshort	+0.0100%	1h	8.9252	+0.115%	$301K	$577K	10x
Binance UNIUSDT	+0.0100%	8h	8.9040	−0.123%	$218.8M	$589.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9260	+0.123%	$275K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9050	−0.112%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9070	−0.090%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9150	0.000%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9010	−0.157%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9040	−0.123%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9105	−0.050%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.352%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.303%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.325%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.056%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9186	+0.040%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9140	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9253	+0.116%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.9150	long leg	$25K	$666K	10x
HTX UNI-USDT	+0.0100%	8h	8.9312	+0.182%	$732K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9120	−0.034%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8997	−0.172%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9143	−0.008%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	8.9253	+0.115%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9220	+0.079%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9320	+0.191%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0339%	1h	8.9212	+0.070%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9150	0.000%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9179	+0.032%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0396%	1h	8.9197	+0.053%	$98.2M	$59.3M	10x	as long as short
Lighter UNI	+0.0632%	1h	8.9328	+0.200%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0645%	1h	8.9014	−0.152%	$1K	$49K	10x	as long as short