Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Variational Omni against MEXC+0.393%7-day average −0.034% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 7 days−0.438%−$44 · spread now +0.393%, 7d avg −0.034%

Together, before fees−0.489%+ Points / potential airdropVariational Omni: Active · farm board−$49 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: Variational Omni is 0.427% dearer against MEXC than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.1640	0.0100	pay 0.0100% / 8h	7h 17m	$45.9M	$24.4M	200x
Short	Variational Omni UNI	9.2000	0.0100	get 0.0100% / 8h	7h 17m	$4.2M	$4.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.393%Rate

Funding earned: $0
Price spread: +0.393% → −0.034%: $42.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $38.68
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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, 2 min ago	0.55 bp	4.5 bp −$5	13.0 bp −$130	32.9 bp −$3,294	167.2 bp −$83.6K
Sell Variational Omni RFQ quote, 2 min ago	3.25 bp	doesn't fit	14.0 bp −$140	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	9.1668	+0.030%	$592K	$185K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1641	+0.001%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.645%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1613	−0.029%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1620	−0.022%	$982K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1678	+0.042%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1699	+0.065%	$306K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1731	+0.100%	$233.0M	$603.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1710	+0.076%	$103.2M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1620	−0.022%	$56.5M	$257.0M	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	9.1750	+0.120%	$283K	$622K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1620	−0.022%	$23.4M	$60.2M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.1640	long leg	$45.9M	$24.4M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1630	−0.011%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1600	−0.044%	$33.8M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1620	−0.022%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1916	+0.301%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNIshort	+0.0100%	8h	9.2000	+0.393%	$4.2M	$4.4M	—
edgeX UNIUSDC	+0.0100%	4h	9.2156	+0.563%	$174K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2149	+0.556%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.513%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2090	+0.491%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1662	+0.024%	$85K	$385K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1660	+0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1703	+0.069%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1641	+0.001%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.218%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1680	+0.044%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1603	−0.041%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1593	−0.051%	$309K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1656	+0.017%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0165%	1h	9.1712	+0.078%	$246K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1670	+0.033%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1820	+0.196%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1578	−0.068%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1633	−0.008%	$579K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1711	+0.077%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0543%	1h	9.1735	+0.104%	$101.1M	$59.9M	10x	as long as short
Lighter UNI	+0.0952%	1h	9.1835	+0.213%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1004%	1h	9.2136	+0.541%	$977	$49K	10x	as long as short