Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.040%

Price spread now: dYdX against MEXC+0.020%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.020%, 7d avg +0.008%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.264%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0300	0.0100	pay 0.0100% / 8h	41m 36s	$43.5M	$23.9M	200x
Short	dYdX UNI-USD	9.0318	0.0065	get 0.0008% / 1h	41m 36s	$250K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$7.46
Price spread: +0.020% → +0.008%: $1.2
Slippage, 4 orders: −$63.19
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$83.45
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; dYdX: live order book, 37 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	2.6 bp −$3	9.1 bp −$91	39.8 bp −$3,981	181.9 bp −$90.9K
Sell dYdX live order book, 37 min ago	27.53 bp	32.5 bp −$33	171.8 bp −$1,718	199.2 bp −$19.9K	413.8 bp −$206.9K

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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.215%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0315	+0.016%	$63K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	+0.347%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USDshort	+0.0065%	1h	9.0318	+0.020%	$250K	$6K	10x
Bybit UNIUSDT	+0.0065%	8h	9.0460	+0.177%	$103.3M	$104.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0077%	1h	9.0350	+0.055%	$582K	$175K	50x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0470	+0.188%	$55.5M	$250.5M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0465	+0.183%	$958K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0363	+0.070%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0305	+0.006%	$300K	$586K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0470	+0.188%	$223.8M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0450	+0.166%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0320	+0.022%	$23.1M	$58.4M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0300	long leg	$43.5M	$23.9M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0320	+0.022%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0410	+0.122%	$32.9M	$41.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0410	+0.122%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0499	+0.220%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0347	+0.052%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0500	+0.221%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0270	−0.033%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0366	+0.073%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0320	+0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0391	+0.101%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0310	+0.011%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0544	+0.270%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	+0.033%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0257	−0.047%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0404	+0.115%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0325	+0.028%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0154%	1h	9.0388	+0.097%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0190	−0.122%	$10.0M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0224%	1h	9.0471	+0.189%	$451	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0450	+0.166%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0286	−0.016%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0302	+0.002%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0377	+0.085%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0706%	1h	9.0397	+0.107%	$99.5M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0800%	1h	9.0572	+0.301%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1056%	1h	9.0454	+0.171%	$4.6M	$5.2M	15x	as long as short