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 +0.003%

Price spread now: BingX against MEXC−0.077%7-day average −0.025% · 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−$40as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.077%, 7d avg −0.025%

Together, before fees+0.034%+$3 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: BingX is 0.052% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0840	0.0100	pay 0.0100% / 8h	4h 51m	$48.6M	$25.2M	200x
Short	BingX UNI-USDC	9.0770	0.0100	get 0.0100% / 8h	4h 51m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.025%: −$5.25
Slippage, 4 orders: −$20.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.78
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 14 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 MEXC live order book, 2 min ago	1.10 bp	6.8 bp −$7	10.0 bp −$100	31.5 bp −$3,153	166.6 bp −$83.3K
Sell BingX live order book, 14 min ago	1.10 bp	11.8 bp −$12	27.0 bp −$270	80.9 bp −$8,090	doesn't fit

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0874	+0.037%	$582K	$193K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0876	+0.040%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.796%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1033	+0.212%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1027	+0.206%	$913K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0909	+0.076%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1071	+0.254%	$297K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0754	−0.094%	$224.5M	$626.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0740	−0.110%	$101.9M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0760	−0.088%	$55.7M	$256.9M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1110	+0.297%	$289K	$613K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0750	−0.099%	$23.0M	$62.1M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0840	long leg	$48.6M	$25.2M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0830	−0.011%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0760	−0.088%	$33.4M	$43.9M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	9.0770	−0.077%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0843	+0.003%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.715%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1329	+0.538%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	+0.405%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	+0.121%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1110	+0.297%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1131	+0.320%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0830	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1065	+0.248%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0805	−0.039%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.110%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0820	−0.022%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1026	+0.205%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0765	−0.082%	$299K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0825	−0.017%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	9.1055	+0.236%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1200	+0.396%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1120	+0.308%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0847	+0.008%	$5.0M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1107	+0.294%	$17K	—	20x	as long as short
Lighter UNI	+0.0376%	1h	9.0932	+0.101%	$4.6M	$5.8M	15x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0867	+0.030%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0488%	1h	9.0906	+0.073%	$98.8M	$61.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.1014%	1h	9.1233	+0.433%	$1K	$46K	10x	as long as short