Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.194%

Price spread now: Lighter against MEXC+0.183%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.371%+$37 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.183%, 7d avg +0.105%

Together, before fees+0.233%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.077% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0370	0.0100	pay 0.0100% / 8h	3h 55m	$47.6M	$25.4M	200x
Short	Lighter UNI	9.0535	0.0120	get 0.0015% / 1h	55m 55s	$4.6M	$5.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.183%Rate

Funding earned: $4.2
Price spread: +0.183% → +0.105%: $7.71
Slippage, 4 orders: −$18.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.78
Costs to cover: 0.227%
Break-even: 25.0 days

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 7 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, 3 min ago	0.55 bp	2.8 bp −$3	6.2 bp −$62	32.3 bp −$3,230	183.9 bp −$92.0K
Sell Lighter live order book, 7 min ago	1.27 bp	4.8 bp −$5	13.8 bp −$138	173.9 bp −$17.4K	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	9.0396	+0.029%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.291%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.0336	−0.038%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0315	−0.061%	$967K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0461	+0.101%	$97.9M	$62.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0386	+0.018%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0307	−0.070%	$292K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0360	−0.011%	$222.0M	$640.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0330	−0.044%	$101.6M	$111.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0330	−0.044%	$55.0M	$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	9.0440	+0.077%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0350	−0.022%	$23.6M	$63.2M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0370	long leg	$47.6M	$25.4M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0360	−0.011%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0300	−0.077%	$33.3M	$45.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0360	−0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0422	+0.058%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0369	−0.001%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0917	+0.605%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0816	+0.493%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1040	+0.741%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0670	+0.332%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0333	−0.041%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0390	+0.022%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0398	+0.031%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0387	+0.019%	$22K	$793K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0581	+0.233%	$724K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0400	+0.033%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0262	−0.119%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0316	−0.060%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0383	+0.014%	$32K	—	3x	as long as short
Lighter UNIshort	+0.0120%	1h	9.0535	+0.183%	$4.6M	$5.8M	15x
Deribit UNI_USDC-PERPETUAL	+0.0182%	1h	9.0454	+0.093%	$580K	$208K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0400	+0.033%	$946K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	+0.166%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0487	+0.130%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0316%	1h	9.0293	−0.085%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0287	−0.092%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0387	+0.019%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0893%	1h	9.0682	+0.346%	$922	$46K	10x	as long as short