Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h +0.032%

Price spread now: dYdX against MEXC−0.053%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2382.377% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.053%, 7d avg +0.007%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.060% cheaper against MEXC than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.007%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	8.9730	0.0100	pay 0.0100% / 8h	2h 16m	$49.5M	$27.2M	200x
Short	dYdX UNI-USD	8.9682	0.0171	get 0.0021% / 1h	16m 14s	$236K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $14.86
Price spread: −0.053% → +0.007%: −$6.02
Slippage, 4 orders: −$223.72
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$228.88
Costs to cover: 2.377%
Break-even: 114.8 days

Slippage from MEXC: live order book, 3 min ago; dYdX: live order book, 33 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, 3 min ago	0.56 bp	4.6 bp −$5	8.1 bp −$81	28.5 bp −$2,845	173.8 bp −$86.9K
Sell dYdX live order book, 33 min ago	109.64 bp	114.6 bp −$115	114.6 bp −$1,146	151.9 bp −$15.2K	469.4 bp −$234.7K

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
Nado UNI-PERP	−0.0056%	1h	8.9710	−0.022%	$821K	$4.6M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9742	+0.013%	$4.8M	$8.5M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.9736	+0.007%	$448	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9728	−0.002%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.594%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0091%	1h	8.9728	−0.002%	$105K	$556K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9831	+0.113%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9644	−0.096%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9795	+0.072%	$745K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9678	−0.058%	$287K	$612K	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	8.9754	+0.027%	$219.0M	$658.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9680	−0.056%	$100.2M	$111.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9700	−0.033%	$54.8M	$266.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9810	+0.089%	$320K	$703K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9750	+0.022%	$24.5M	$66.2M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.9730	long leg	$49.5M	$27.2M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9760	+0.033%	$13.0M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9690	−0.045%	$33.1M	$45.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9730	0.000%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9575	−0.173%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8719	−1.126%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8793	−1.045%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9630	−0.111%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9610	−0.134%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9510	−0.245%	$16K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9700	−0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9789	+0.066%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9717	−0.014%	$32K	$865K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9860	+0.145%	$714K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9680	−0.056%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9666	−0.072%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9720	−0.011%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0151%	1h	8.9878	+0.165%	$95.6M	$66.1M	10x	as long as short
dYdX UNI-USDshort	+0.0171%	1h	8.9682	−0.053%	$236K	$31K	10x
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9830	+0.111%	$944K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9520	−0.234%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0249%	1h	8.9763	+0.037%	$575K	$202K	50x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9738	+0.009%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9723	−0.007%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0473%	1h	8.9220	−0.568%	$1K	$54K	10x	as long as short