Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.092%

Price spread now: GMX against MEXC+0.057%7-day average +0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.057%, 7d avg +0.022%

Together, before fees+0.185%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.035% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	8.8650	0.0100	pay 0.0100% / 8h	2h 55m	$46.7M	$26.2M	200x
Short	GMX UNI/USD [UNI-USDC]	8.8700	L +0.0381% / S −0.0244%	get 0.0030% / 1h	55m 38s	$631K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $30.16
Price spread: +0.057% → +0.022%: $3.48
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $17.64
Costs to cover: 0.160%
Break-even: 2.9 days

Slippage unknown: MEXC: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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	0.57 bp	3.3 bp −$3	7.5 bp −$75	27.9 bp −$2,791	168.7 bp −$84.3K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0300%	1h	8.8587	−0.071%	$799K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0112%	1h	8.8621	−0.033%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8724	+0.083%	$4.8M	$8.4M	50x	as long as short
dYdX UNI-USD	0.0000%	1h	8.8642	−0.009%	$233K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0002%	1h	8.8736	+0.097%	$569K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8722	+0.081%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.395%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0079%	1h	8.8599	−0.058%	$94K	$489K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8723	+0.082%	$4.5M	$5.4M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8612	−0.043%	$25K	—	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid UNI	+0.0100%	1h	8.8738	+0.099%	$93.7M	$65.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8690	+0.045%	$766K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8655	+0.005%	$286K	$610K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8640	−0.011%	$215.7M	$657.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8590	−0.068%	$99.0M	$112.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8610	−0.045%	$53.8M	$262.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8700	+0.056%	$330K	$684K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8600	−0.056%	$23.4M	$64.2M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.8650	long leg	$46.7M	$26.2M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8640	−0.011%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8610	−0.045%	$32.7M	$46.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8600	−0.056%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8745	+0.107%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8609	−0.046%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8442	−0.234%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8520	−0.147%	$617K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8380	−0.305%	$90K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8610	−0.045%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	+0.023%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8643	−0.008%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8680	+0.034%	$39K	$838K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8863	+0.240%	$707K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8660	+0.011%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8561	−0.101%	$281K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8700	+0.056%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8720	+0.079%	$930K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8610	−0.045%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8547	−0.116%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	8.8700	+0.057%	$631K	—	120x
Aftermath Perps UNIUSD	+0.0662%	1h	8.8607	−0.048%	$959	$45K	10x	as long as short