Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.008%

Price spread now: MEXC against Deribit−0.040%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.445%−$45 · spread now −0.040%, 7d avg −0.044%

Together, before fees−0.386%−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	8.9065	0	get 0.0000% / 1h	31m 07s	$563K	$136K	50x
Short	MEXC UNI_USDT	8.9030	0.0100	get 0.0100% / 8h	2h 31m	$43.2M	$24.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: $21
Price spread: −0.040% → −0.044%: $0.47
Slippage, 4 orders: −$34.37
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$23.9
Costs to cover: 0.454%
Break-even: 15.0 days

Slippage from Deribit: live order book, 57 min ago; MEXC: live order book, 3 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 Deribit live order book, 57 min ago	5.99 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.56 bp	3.3 bp −$3	7.0 bp −$70	32.2 bp −$3,217	187.6 bp −$93.8K

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	−0.0185%	8h	8.8292	−0.868%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0147%	8h	8.9040	−0.028%	$101.6M	$105.7M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.9136	+0.079%	$445	—	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	0.0000%	1h	8.9065	long leg	$563K	$136K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9030	−0.039%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0014%	8h	8.9090	+0.028%	$54.7M	$247.7M	50x	as long as short
dYdX UNI-USD	+0.0093%	1h	8.8781	−0.319%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8776	−0.324%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9110	+0.050%	$849K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9200	+0.151%	$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	8.8806	−0.291%	$297K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9072	+0.008%	$217.9M	$594.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8890	−0.197%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9090	+0.028%	$23.1M	$59.1M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.9030	−0.040%	$43.2M	$24.6M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9050	−0.017%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9090	+0.028%	$32.3M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9110	+0.050%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9162	+0.109%	$991K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8743	−0.362%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8615	−0.505%	$619K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.230%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8700	−0.410%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9192	+0.142%	$87K	$324K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9000	−0.073%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9189	+0.139%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9002	−0.071%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9233	+0.188%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9030	−0.040%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8985	−0.091%	$302K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9021	−0.049%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9080	+0.017%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9020	−0.051%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9021	−0.050%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0303%	1h	8.9222	+0.176%	$97.1M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9148	+0.093%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9018	−0.053%	$557K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0490%	1h	8.8671	−0.443%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.9191	+0.141%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.308%	$657	$97K	12x	as long as short