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 −0.023%

Price spread now: Bybit against MEXC0.000%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days−0.035%−$4 · spread now 0.000%, 7d avg −0.058%

Together, before fees−0.066%−$7 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: Bybit is 0.058% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.1070	0.0100	pay 0.0100% / 8h	4h 17m	$48.0M	$25.4M	200x
Short	Bybit UNIUSDT	9.1070	0.0100	get 0.0100% / 8h	4h 17m	$102.3M	$111.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.058%: $5.78
Slippage, 4 orders: −$11.35
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.57
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.55 bp	3.7 bp −$4	7.2 bp −$72	26.8 bp −$2,675	161.8 bp −$80.9K
Sell Bybit live order book, 2 min ago	0.55 bp	8.6 bp −$9	16.9 bp −$169	40.4 bp −$4,040	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	9.1097	+0.030%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.042%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1087	+0.019%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1035	−0.038%	$971K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1096	+0.029%	$832K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1060	−0.011%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1100	+0.033%	$223.9M	$637.5M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1070	0.000%	$102.3M	$111.0M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1070	0.000%	$55.5M	$262.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1160	+0.099%	$315K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1080	+0.011%	$23.7M	$63.8M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.1070	long leg	$48.0M	$25.4M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1040	−0.033%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1080	+0.011%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1080	+0.011%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1037	−0.036%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0948	−0.134%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1106	+0.040%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0935	−0.148%	$644K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	+0.077%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0930	−0.154%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1078	+0.009%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1100	+0.033%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1126	+0.061%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1130	+0.066%	$22K	$791K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1157	+0.096%	$733K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0980	−0.099%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1026	−0.049%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1046	−0.026%	$294K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1100	+0.033%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0144%	1h	9.1054	−0.018%	$240K	$30K	10x	as long as short
Lighter UNI	+0.0184%	1h	9.1140	+0.077%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0220%	1h	9.1155	+0.094%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1090	+0.022%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1080	+0.011%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1175	+0.115%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0355%	1h	9.1165	+0.104%	$98.8M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.1042	−0.031%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1084	+0.015%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0938%	1h	9.0958	−0.123%	$937	$46K	10x	as long as short