Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.039%

Price spread now: Coinbase International against MEXC−0.034%7-day average +0.019% · 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−$40as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.034%, 7d avg +0.019%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.053% cheaper against MEXC than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.019%). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.094%, 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	MEXC UNI_USDT	8.8720	0.0100	pay 0.0100% / 8h	3h 07m	$47.0M	$26.3M	200x
Short	Coinbase International UNI-PERP-INTX	8.8690	0.0216	get 0.0027% / 1h	7m 43s	$920K	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.034%Rate

Funding earned: $24.36
Price spread: −0.034% → +0.019%: −$5.32
Slippage, 4 orders: −$20.82
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.77
Costs to cover: 0.348%
Break-even: 11.5 days

Slippage from MEXC: live order book, 1 min ago; Coinbase International: 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 MEXC live order book, 1 min ago	0.56 bp	2.7 bp −$3	5.7 bp −$57	21.1 bp −$2,111	130.5 bp −$65.2K
Sell Coinbase International live order book, 1 min ago	5.07 bp	10.1 bp −$10	15.6 bp −$156	49.5 bp −$4,954	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
01 Exchange UNIUSD	−0.0008%	1h	8.8665	−0.062%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8727	+0.008%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.473%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0043%	1h	8.8694	−0.029%	$568K	$208K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8859	+0.157%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8659	−0.069%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8610	−0.124%	$860K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8813	+0.105%	$94.1M	$65.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8740	+0.023%	$770K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8670	−0.056%	$286K	$611K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8718	−0.002%	$216.8M	$652.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8700	−0.023%	$99.1M	$112.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8700	−0.023%	$53.9M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8750	+0.034%	$318K	$666K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8720	0.000%	$23.4M	$65.3M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.8720	long leg	$47.0M	$26.3M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8660	−0.068%	$13.1M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8690	−0.034%	$32.7M	$46.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8710	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8723	+0.003%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8419	−0.340%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8810	+0.102%	$168K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8650	−0.079%	$616K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8820	+0.113%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8660	−0.068%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8638	−0.092%	$83K	$458K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8680	−0.045%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8700	−0.023%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8638	−0.092%	$31K	$818K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8754	+0.038%	$691K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8680	−0.045%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8676	−0.049%	$284K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8625	−0.107%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0216%	1h	8.8690	−0.034%	$920K	$5.8M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8630	−0.101%	$10.1M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0231%	1h	8.8657	−0.071%	$233K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0274%	1h	8.8693	−0.030%	$4.8M	$8.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8616	−0.117%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8705	−0.017%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0700%	1h	8.8858	+0.156%	$891	$45K	10x	as long as short