Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.156%

Price spread now: Injective against MEXC−1.659%7-day average +0.017% · you buy dearer than you sell

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.412%−$41 on $10k

Price spread, last 4 days (all we have)+1.904%+$190 · spread now −1.659%, 7d avg +0.017%

Together, before fees+1.491%+$149 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.676% cheaper against MEXC than usual: you would sell low and buy high (−$168 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	8.9790	0.0100	pay 0.0100% / 8h	7h 22m	$47.8M	$25.5M	200x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	22m 25s	$660	$153K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −1.659%Rate

Funding earned: −$14
Price spread: −1.659% → +0.017%: −$167.64
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$185.66
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Injective: 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, 1 min ago	0.56 bp	5.9 bp −$6	9.0 bp −$90	25.5 bp −$2,546	155.8 bp −$77.9K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_UNIUSD	−0.0062%	1h	8.9583	−0.230%	$4.8M	$8.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.9454	−0.374%	$77K	—	150x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−1.659%	$660	$153K	12x
Nado UNI-PERP	+0.0070%	1h	8.9797	+0.008%	$723K	$4.5M	10x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.9852	+0.069%	$474	$31	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9938	+0.165%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9778	−0.013%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9873	+0.093%	$735K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9825	+0.039%	$290K	$562K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9810	+0.022%	$217.3M	$646.7M	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	8.9740	−0.056%	$99.7M	$109.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9770	−0.022%	$55.0M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9900	+0.123%	$326K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9810	+0.022%	$27.1M	$62.8M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.9790	long leg	$47.8M	$25.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9850	+0.067%	$13.1M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9800	+0.011%	$33.8M	$46.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9810	+0.022%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.8538	−1.395%	$4.1M	$4.0M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8780	−1.125%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8800	−1.103%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8660	−1.258%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9090	−0.780%	$16K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9810	+0.022%	$105K	$615K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9460	−0.368%	$17K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9506	−0.316%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9506	−0.316%	$32K	$893K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	−0.323%	$709K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9530	−0.290%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9782	−0.009%	$299K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9506	−0.316%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.9917	+0.141%	$96.4M	$66.9M	10x	as long as short
Backpack UNI_USDC_PERP	+0.0154%	1h	8.9626	−0.183%	$1.1M	$2.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9580	−0.234%	$934K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9500	−0.323%	$10.3M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0321%	1h	8.9569	−0.246%	$593K	$273K	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9544	−0.274%	$637K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0383%	1h	8.9783	−0.008%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0442%	1h	8.8958	−0.927%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0569%	1h	8.9815	+0.028%	$236K	$31K	10x	as long as short