Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h −0.002%

Price spread now: Deribit against MEXC+0.083%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.770%+$77 · spread now +0.083%, 7d avg +0.046%

Together, before fees+0.721%+$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.037% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.1160	0.0100	pay 0.0100% / 8h	5h 28m	$49.2M	$25.1M	200x
Short	Deribit UNI_USDC-PERPETUAL	9.1236	0.0157	get 0.0020% / 1h	28m 57s	$584K	$194K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.083%Rate

Funding earned: $11.97
Price spread: +0.083% → +0.046%: $3.73
Slippage, 4 orders: −$24.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$19.95
Costs to cover: 0.356%
Break-even: 18.7 days

Slippage from MEXC: live order book, 5 min ago; Deribit: live order book, 35 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, 5 min ago	0.55 bp	6.8 bp −$7	9.3 bp −$93	22.7 bp −$2,267	158.3 bp −$79.1K
Sell Deribit live order book, 35 min ago	7.07 bp	15.1 bp −$15	24.3 bp −$243	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0008%	1h	9.1224	+0.071%	$28K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.137%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1175	+0.016%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1147	−0.014%	$943K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1212	+0.057%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1261	+0.111%	$297K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1103	−0.063%	$226.8M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1040	−0.132%	$102.4M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1040	−0.132%	$56.2M	$252.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	+0.176%	$289K	$614K	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	9.1120	−0.044%	$23.4M	$59.8M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.1160	long leg	$49.2M	$25.1M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1150	−0.011%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1110	−0.055%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1100	−0.066%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1142	−0.020%	$990K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1396	+0.259%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1129	−0.033%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1340	+0.197%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.362%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1170	+0.011%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1218	+0.064%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1170	+0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1212	+0.057%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1140	−0.022%	$22K	$760K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1278	+0.129%	$715K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1150	−0.011%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1270	+0.121%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1084	−0.083%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1171	+0.012%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0113%	1h	9.1231	+0.078%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0157%	1h	9.1236	+0.083%	$584K	$194K	50x
BloFin UNI-USDT	+0.0220%	8h	9.1150	−0.011%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1192	+0.035%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1270	+0.121%	$1.1M	$5.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1168	+0.009%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1221	+0.067%	$649K	—	120x	as long as short
Hyperliquid UNI	+0.0521%	1h	9.1281	+0.133%	$99.0M	$59.9M	10x	as long as short
Lighter UNI	+0.0600%	1h	9.1265	+0.115%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0947%	1h	9.1266	+0.116%	$926	$47K	10x	as long as short