Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against HTX−0.097%50s7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now −0.097%, 7d avg −0.126%

Together, before fees−0.290%−$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 0.029% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.126%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	8.8366	0.0100	pay 0.0100% / 8h	1h 42m	$726K	$4.3M	75x
Short	MEXC UNI_USDT	8.8280	0.0100	get 0.0100% / 8h	1h 42m	$42.5M	$24.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.126%: $2.9
Slippage, 4 orders: −$21.22
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$34.32
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; MEXC: live order book, 2 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 HTX live order book, 2 min ago	5.09 bp	13.3 bp −$13	54.7 bp −$547	328.9 bp −$32.9K	doesn't fit
Sell MEXC live order book, 2 min ago	0.57 bp	2.6 bp −$3	6.2 bp −$62	22.2 bp −$2,221	160.3 bp −$80.1K

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	−0.0078%	8h	8.7827	−0.610%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0030%	8h	8.8240	−0.143%	$100.8M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8296	−0.079%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.527%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0035%	8h	8.8260	−0.120%	$54.7M	$243.5M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8298	−0.077%	$441	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0051%	1h	8.8339	−0.031%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8231	−0.153%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8265	−0.114%	$847K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8368	+0.002%	$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	8.8298	−0.077%	$297K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8280	−0.097%	$216.8M	$588.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8330	−0.041%	$272K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8290	−0.086%	$22.9M	$58.4M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.8280	−0.097%	$42.5M	$24.4M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8270	−0.109%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8260	−0.120%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8250	−0.131%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8362	−0.005%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7992	−0.423%	$165K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8080	−0.324%	$622K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8030	−0.380%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8160	−0.233%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8272	−0.106%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8270	−0.109%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8335	−0.035%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8265	−0.114%	$25K	$668K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.8366	long leg	$726K	$4.3M	75x
Phemex UNIUSDT	+0.0100%	8h	8.8210	−0.177%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8242	−0.141%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8203	−0.184%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0147%	1h	8.8258	−0.122%	$244K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8280	−0.097%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8350	−0.018%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0334%	1h	8.8371	+0.006%	$96.7M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8325	−0.046%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.8245	−0.137%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8298	−0.077%	$553K	—	120x	as long as short
Lighter UNI	+0.0528%	1h	8.8444	+0.088%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0608%	1h	8.8078	−0.326%	$1K	$49K	10x	as long as short