Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.046%

Price spread now: Kraken Futures against MEXC+0.058%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 4 days (all we have)+0.293%+$29 · spread now +0.058%, 7d avg +0.052%

Together, before fees+0.516%+$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0290	0.0100	pay 0.0100% / 8h	3h 49m	$47.5M	$25.5M	200x
Short	Kraken Futures PF_UNIUSD	9.0342	0.0269	get 0.0034% / 1h	49m 54s	$5.0M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.058%Rate

Funding earned: $35.56
Price spread: +0.058% → +0.052%: $0.62
Slippage, 4 orders: −$21.03
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.16
Costs to cover: 0.350%
Break-even: 6.8 days

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago	1.66 bp	4.3 bp −$4	9.2 bp −$92	25.5 bp −$2,551	170.0 bp −$85.0K
Sell Kraken Futures live order book, 4 min ago	2.21 bp	10.8 bp −$11	11.5 bp −$115	42.7 bp −$4,272	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0266	−0.027%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.204%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0345	+0.061%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0280	−0.011%	$966K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0414	+0.137%	$97.7M	$62.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0271	−0.021%	$812K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0285	−0.006%	$292K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0280	−0.011%	$221.9M	$641.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0260	−0.033%	$101.5M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0260	−0.033%	$54.9M	$261.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0410	+0.133%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0310	+0.022%	$23.7M	$63.3M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0290	long leg	$47.5M	$25.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0260	−0.033%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0230	−0.066%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0300	+0.011%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0351	+0.068%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.278%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.177%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	+0.100%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0480	+0.210%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0260	−0.033%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0331	+0.045%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0210	−0.089%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0314	+0.027%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0265	−0.028%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0378	+0.097%	$722K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	+0.044%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0276	−0.015%	$26K	—	20x	as long as short
Lighter UNI	+0.0104%	1h	9.0450	+0.177%	$4.6M	$5.8M	15x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0230	−0.066%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0236	−0.059%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0204%	1h	9.0290	0.000%	$578K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0330	+0.044%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0020	−0.299%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0269%	1h	9.0342	+0.058%	$5.0M	$8.0M	50x
dYdX UNI-USD	+0.0370%	1h	9.0273	−0.019%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0258	−0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0278	−0.014%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0891%	1h	9.0430	+0.155%	$1K	$46K	10x	as long as short