Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0290%/8h= −31.7% APRpaid last 24h −0.082%

Price spread now: MEXC against Reya+0.048%7-day average — · you sell dearer than you buy

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

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. MEXC is 0.048% dearer against Reya than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.7258	0.0390	pay 0.0049% / 1h	10m 09s	$16K	—	20x
Short	MEXC UNI_USDT	8.7300	0.0100	get 0.0100% / 8h	4h 10m	$47.6M	$21.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$60.81
Price spread: +0.048% → 0.000%: $4.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.57 bp	3.3 bp −$3	6.6 bp −$66	21.8 bp −$2,182	159.9 bp −$79.9K

Reya: 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 exchanges

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 −0.0005%	1h	8.7280	+0.025%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+1.194%	$660	$147K	12x	as long as short
Nado UNI-PERP	+0.0099%	1h	8.7330	+0.082%	$634K	$3.9M	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7277	+0.022%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7480	+0.254%	$764K	$2.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7327	+0.079%	$288K	$455K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7430	+0.197%	$214.3M	$548.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7410	+0.174%	$97.2M	$94.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.7420	+0.186%	$54.2M	$211.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7380	+0.140%	$320K	$520K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.7310	+0.060%	$28.8M	$54.6M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.7300	+0.048%	$47.6M	$21.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.7340	+0.094%	$12.6M	$11.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7300	+0.048%	$32.7M	$41.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7300	+0.048%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.7241	−0.020%	$3.9M	$2.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7348	+0.103%	$164K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7350	+0.105%	$609K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7180	−0.089%	$90K	$717K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7350	+0.105%	$92K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7320	+0.071%	$88K	$627K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7270	+0.014%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7348	+0.103%	$35K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7310	+0.060%	$21K	$736K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7377	+0.136%	$706K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7320	+0.071%	$26.3M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7250	−0.010%	$278K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7279	+0.023%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0120%	1h	8.7353	+0.109%	$4.7M	$7.4M	50x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	8.7311	+0.061%	$492	$126	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7410	+0.174%	$10.0M	$3.3M	75x	as long as short
Lighter UNI	+0.0248%	1h	8.7441	+0.210%	$4.3M	$4.6M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0264%	1h	8.7330	+0.082%	$903K	$4.2M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0303%	1h	8.7326	+0.078%	$578K	$211K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0332%	1h	8.7372	+0.131%	$1.0M	$2.1M	10x	as long as short
Hyperliquid UNI	+0.0350%	1h	8.7420	+0.186%	$94.3M	$59.9M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.7275	+0.020%	$621K	—	120x	as long as short
Reya UNIRUSDPERPlong	+0.0390%	1h	8.7258	long leg	$16K	—	20x
dYdX UNI-USD	+0.0578%	1h	8.7287	+0.033%	$229K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0874%	1h	8.7348	+0.103%	$1K	$48K	10x	as long as short