Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.025%

Price spread now: MEXC against gTrade (Gains Network)−0.265%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.265% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.265% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 9.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	8.8354	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	27m 53s	$61K	—	150x
Short	MEXC UNI_USDT	8.8120	0.0100	get 0.0100% / 8h	1h 27m	$42.6M	$24.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.265%Rate

Funding earned: $20.14
Price spread: −0.265% → 0.000%: −$26.48
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$20.35
Costs to cover: 0.140%
Break-even: 14.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 1 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	0.57 bp	2.8 bp −$3	8.2 bp −$82	30.8 bp −$3,080	167.9 bp −$83.9K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0066%	8h	8.8274	−0.091%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0008%	8h	8.8140	−0.242%	$100.5M	$104.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8266	−0.099%	$561K	$157K	50x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0004%	1h	8.8354	long leg	$61K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.061%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0043%	8h	8.8130	−0.254%	$54.6M	$243.0M	50x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8385	+0.035%	$441	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8347	−0.007%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8340	−0.016%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8198	−0.176%	$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 UNI	+0.0100%	1h	8.8402	+0.054%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8150	−0.231%	$216.3M	$588.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8420	+0.075%	$282K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8160	−0.220%	$22.9M	$58.6M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.8120	−0.265%	$42.6M	$24.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8130	−0.254%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8140	−0.242%	$31.9M	$41.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8140	−0.242%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8172	−0.206%	$979K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8322	−0.036%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8297	−0.064%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8330	−0.027%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8340	−0.016%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8360	+0.007%	$86K	$353K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8260	−0.106%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8379	+0.028%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8130	−0.254%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8456	+0.115%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8180	−0.197%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8081	−0.310%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8242	−0.126%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0152%	1h	8.8442	+0.099%	$245K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8320	−0.038%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8250	−0.118%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0300%	1h	8.8242	−0.127%	$96.6M	$59.2M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8201	−0.173%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8296	−0.066%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8342	−0.013%	$553K	—	120x	as long as short
Lighter UNI	+0.0600%	1h	8.8326	−0.032%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0637%	1h	8.8390	+0.041%	$1K	$49K	10x	as long as short