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 −0.016%

Price spread now: GRVT against MEXC−0.062%52s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$280.278% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.062%, 7d avg +0.011%

Together, before fees+0.132%+ Points / potential airdropGRVT: Active · farm board+$13 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: GRVT is 0.073% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 52 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	MEXC UNI_USDT	8.8670	0.0100	pay 0.0100% / 8h	2h 32m	$43.0M	$24.5M	200x
Short	GRVT UNI_USDT_Perp	8.8615	0.0100	get 0.0100% / 8h	2h 32m	$619K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → +0.011%: −$7.27
Slippage, 4 orders: −$14.84
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$35.1
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; GRVT: 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	4.1 bp −$4	8.3 bp −$83	32.9 bp −$3,288	167.3 bp −$83.6K
Sell GRVT live order book, 1 min ago	1.13 bp	8.2 bp −$8	17.0 bp −$170	doesn't fit	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
Variational Omni UNI	−0.0185%	8h	8.8292	−0.426%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0151%	8h	8.8670	0.000%	$101.7M	$105.3M	75x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.8730	+0.068%	$443	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8824	+0.174%	$562K	$134K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8851	+0.204%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0013%	8h	8.8650	−0.023%	$54.5M	$246.3M	50x	as long as short
dYdX UNI-USD	+0.0096%	1h	8.8711	+0.046%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8648	−0.024%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8852	+0.206%	$847K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8780	+0.124%	$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	8.8699	+0.033%	$297K	$561K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8680	+0.011%	$216.9M	$594.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8790	+0.135%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8670	0.000%	$23.0M	$59.1M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.8670	long leg	$43.0M	$24.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8670	0.000%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8690	+0.023%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8690	+0.023%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8776	+0.120%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8490	−0.203%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	8.8615	−0.062%	$619K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	−0.203%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8560	−0.124%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8858	+0.212%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8770	+0.113%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8814	+0.162%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8755	+0.096%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8977	+0.346%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8740	+0.079%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8645	−0.028%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8785	+0.129%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8870	+0.226%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	+0.045%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	8.8788	+0.133%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0305%	1h	8.8797	+0.143%	$96.6M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8801	+0.147%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.8841	+0.193%	$557K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0484%	1h	8.8564	−0.120%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8867	+0.222%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.868%	$657	$97K	12x	as long as short