Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: MEXC against GRVT+0.240%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days−0.273%−$27 · spread now +0.240%, 7d avg −0.012%

Together, before fees−0.290%+ Points / potential airdropGRVT: Active · farm board−$29 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: MEXC is 0.252% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT UNI_USDT_Perp	9.1570	0.0100	pay 0.0100% / 8h	7h 13m	$638K	$2.6M	10x
Short	MEXC UNI_USDT	9.1790	0.0100	get 0.0100% / 8h	7h 13m	$46.8M	$24.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GRVT. 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 GRVTbpFee MEXCbpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → −0.012%: $25.18
Slippage, 4 orders: −$16.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$4.11
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; MEXC: live order book, 1 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 GRVT live order book, 6 min ago	2.72 bp	7.2 bp −$7	15.5 bp −$155	2124.0 bp −$212.4K	doesn't fit
Sell MEXC live order book, 1 min ago	0.55 bp	4.3 bp −$4	8.5 bp −$85	19.9 bp −$1,992	156.4 bp −$78.2K

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.1772	+0.220%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.571%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1550	−0.022%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1580	+0.011%	$980K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1683	+0.123%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1570	0.000%	$305K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1776	+0.225%	$232.9M	$603.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1780	+0.229%	$103.3M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1730	+0.175%	$56.6M	$256.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1640	+0.076%	$282K	$622K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1750	+0.197%	$23.4M	$60.4M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	9.1790	+0.240%	$46.8M	$24.6M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1790	+0.240%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1710	+0.153%	$33.9M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1730	+0.175%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1784	+0.234%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1621	+0.055%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1624	+0.058%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.1570	long leg	$638K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.1590	+0.022%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1630	+0.066%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1670	+0.109%	$85K	$386K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	+0.229%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1694	+0.135%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1780	+0.229%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.295%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1790	+0.240%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1504	−0.072%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1745	+0.191%	$309K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1780	+0.229%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0196%	1h	9.1515	−0.060%	$246K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1830	+0.284%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1890	+0.349%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1568	−0.002%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1714	+0.157%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0382%	1h	9.1825	+0.279%	$5.1M	$7.1M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0402%	1h	9.1830	+0.284%	$594K	$185K	50x	as long as short
Hyperliquid UNI	+0.0540%	1h	9.1871	+0.329%	$101.3M	$60.0M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1960	+0.426%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1018%	1h	9.1848	+0.304%	$1K	$49K	10x	as long as short