Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: edgeX against MEXC−0.117%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.386%+$39 · spread now −0.117%, 7d avg +0.007%

Together, before fees+0.452%+ Points / potential airdropedgeX: Active · farm board+$45 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: edgeX is 0.124% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.1140	0.0100	pay 0.0100% / 8h	6h 15m	$49.9M	$26.3M	200x
Short	edgeX UNIUSDC	9.1033	0.0100	get 0.0050% / 4h	2h 15m	$171K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → +0.007%: −$12.39
Slippage, 4 orders: −$7.72
Fee MEXC: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.11
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; edgeX: live order book, 53 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, 4 min ago	0.55 bp	2.6 bp −$3	4.5 bp −$45	21.4 bp −$2,136	145.8 bp −$72.9K
Sell edgeX live order book, 53 min ago	2.19 bp	6.7 bp −$7	18.2 bp −$182	doesn't fit	doesn't fit

UNI on 39 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	9.1229	+0.098%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.116%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0050%	1h	9.1052	−0.097%	$240K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1118	−0.024%	$455	$5	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1198	+0.063%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1090	−0.055%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1195	+0.060%	$228.0M	$611.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1130	−0.011%	$102.1M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1120	−0.022%	$56.3M	$256.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1170	+0.033%	$289K	$638K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1190	+0.055%	$23.3M	$59.0M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.1140	long leg	$49.9M	$26.3M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1090	−0.055%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1180	+0.044%	$33.5M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1190	+0.055%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1233	+0.102%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1088	−0.057%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	9.1033	−0.117%	$171K	$345K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1490	+0.384%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1090	−0.055%	$89K	$699K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1020	−0.132%	$969K	$4.3M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1140	0.000%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1165	+0.027%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1130	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1154	+0.015%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1159	+0.021%	$22K	$722K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1180	+0.044%	$721K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1140	0.000%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1068	−0.079%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1098	−0.046%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1169	+0.031%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0201%	1h	9.1297	+0.172%	$99.6M	$61.1M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0211%	1h	9.1204	+0.070%	$592K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1280	+0.154%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1101	−0.043%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1218	+0.085%	$648K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0420%	1h	9.1199	+0.065%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0488%	1h	9.1270	+0.143%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0940%	1h	9.1134	−0.007%	$1K	$48K	10x	as long as short