Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.057%

Price spread now: Hyperliquid against MEXC+0.075%7-day average +0.083% · you sell dearer than you buy

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

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.075%, 7d avg +0.083%

Together, before fees+0.228%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	8.9860	0.0100	pay 0.0100% / 8h	3h 32m	$48.2M	$25.8M	200x
Short	Hyperliquid UNI	8.9927	0.0100	get 0.0013% / 1h	32m 38s	$95.8M	$64.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.083%: −$0.83
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$13.83
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Hyperliquid: live order book, 11 min ago. 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, 1 min ago	0.56 bp	3.2 bp −$3	6.2 bp −$62	23.9 bp −$2,393	156.1 bp −$78.0K
Sell Hyperliquid live order book, 11 min ago	0.44 bp	doesn't fit	doesn't fit	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0096	+0.263%	$577K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0076	+0.240%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9810	−0.056%	$448	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.736%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9939	+0.088%	$4.5M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9812	−0.053%	$979K	$4.5M	10x	as long as short
Hyperliquid UNIshort	+0.0100%	1h	8.9927	+0.075%	$95.8M	$64.0M	10x
Aster UNIUSDT	+0.0100%	8h	8.9862	+0.002%	$794K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9854	−0.007%	$291K	$607K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9807	−0.059%	$221.5M	$646.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9790	−0.078%	$100.7M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9780	−0.089%	$54.9M	$261.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9920	+0.067%	$314K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9830	−0.033%	$23.9M	$63.9M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.9860	long leg	$48.2M	$25.8M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9830	−0.033%	$13.3M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9800	−0.067%	$33.3M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9820	−0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9928	+0.076%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9719	−0.157%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9750	−0.123%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9978	+0.131%	$625K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0010	+0.167%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0340	+0.534%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0101	+0.268%	$86K	$435K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0050	+0.211%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0112	+0.280%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9870	+0.011%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.200%	$704K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9890	+0.033%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9806	−0.060%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9770	−0.101%	$286K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9890	+0.033%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9890	+0.033%	$941K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9870	+0.011%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.9904	+0.049%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0274%	1h	8.9865	+0.005%	$237K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0031	+0.190%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0060	+0.223%	$641K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0831%	1h	9.0003	+0.159%	$965	$45K	10x	as long as short