Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h −0.043%

Price spread now: MEXC against dYdX+0.070%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1351.346% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.070%, 7d avg −0.009%

Together, before fees−0.391%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.080% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.260%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	8.9397	0.0077	pay 0.0010% / 1h	25m 46s	$248K	$5K	10x
Short	MEXC UNI_USDT	8.9460	0.0100	get 0.0100% / 8h	2h 25m	$43.6M	$24.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: $4.92
Price spread: +0.070% → −0.009%: $7.95
Slippage, 4 orders: −$120.6
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$121.73
Costs to cover: 1.346%
Break-even: 180.3 days

Slippage from dYdX: live order book, 63 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 dYdX live order book, 63 min ago	56.32 bp	61.3 bp −$61	65.2 bp −$652	111.7 bp −$11.2K	408.7 bp −$204.3K
Sell MEXC live order book, 3 min ago	1.68 bp	4.5 bp −$5	7.4 bp −$74	24.1 bp −$2,409	155.9 bp −$77.9K

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	−0.0175%	8h	8.9141	−0.287%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0125%	8h	8.9290	−0.120%	$102.0M	$105.9M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9577	+0.201%	$566K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9510	+0.126%	$81K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.9504	+0.119%	$447	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0019%	8h	8.9280	−0.131%	$55.0M	$248.8M	50x	as long as short
dYdX UNI-USDlong	+0.0077%	1h	8.9397	long leg	$248K	$5K	10x
Paradex UNI-USD-PERP	+0.0100%	8h	8.9458	+0.068%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9495	+0.109%	$870K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9470	+0.082%	$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	8.9588	+0.214%	$303K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9324	−0.082%	$218.3M	$594.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9540	+0.160%	$276K	$611K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9420	+0.025%	$23.2M	$59.3M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.9460	+0.070%	$43.6M	$24.7M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9490	+0.104%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9380	−0.019%	$32.4M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9410	+0.014%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9568	+0.191%	$993K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8913	−0.542%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9116	−0.315%	$625K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9180	−0.243%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9230	−0.187%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9468	+0.079%	$94K	$331K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9520	+0.137%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9550	+0.171%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9518	+0.135%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9642	+0.274%	$731K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9500	+0.115%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9390	−0.008%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9532	+0.151%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9610	+0.238%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9400	+0.003%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0266%	1h	8.9566	+0.188%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0304%	1h	8.9505	+0.120%	$97.4M	$60.0M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9419	+0.024%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9516	+0.133%	$561K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0518%	1h	8.9133	−0.296%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0568%	1h	8.9562	+0.184%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.675%	$657	$97K	12x	as long as short