Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.077%

Price spread now: GMX against MEXC+0.094%7-day average +0.027% · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.094%, 7d avg +0.027%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.067% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0260	0.0100	pay 0.0100% / 8h	43m 29s	$43.5M	$23.9M	200x
Short	GMX UNI/USD [UNI-USDC]	9.0345	L +0.0380% / S −0.0320%	get 0.0040% / 1h	43m 29s	$568K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.094%Rate

Funding earned: $46.21
Price spread: +0.094% → +0.027%: $6.7
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $36.91
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: MEXC: live order book, 5 min ago; GMX: no order-book sample. 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 MEXC live order book, 5 min ago	2.74 bp	7.1 bp −$7	10.4 bp −$104	25.7 bp −$2,566	166.4 bp −$83.2K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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	−2.172%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0364	+0.115%	$63K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	+0.392%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0061%	8h	9.0220	−0.044%	$102.9M	$104.3M	75x	as long as short
dYdX UNI-USD	+0.0073%	1h	9.0288	+0.031%	$250K	$6K	10x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0230	−0.033%	$55.4M	$249.6M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0260	0.000%	$955K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0321	+0.068%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0354	+0.104%	$300K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0249	−0.012%	$223.3M	$588.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0350	+0.100%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0270	+0.011%	$23.1M	$58.3M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0260	long leg	$43.5M	$23.9M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0280	+0.022%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0170	−0.100%	$32.8M	$41.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0250	−0.011%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0499	+0.265%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0440	+0.199%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0500	+0.266%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0440	+0.199%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0256	−0.004%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0370	+0.122%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0409	+0.165%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0395	+0.150%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0645	+0.427%	$738K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0470	+0.233%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0207	−0.059%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0224	−0.040%	$313K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0401	+0.157%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0129%	1h	9.0431	+0.189%	$582K	$175K	50x	as long as short
Backpack UNI_USDC_PERP	+0.0172%	1h	9.0556	+0.328%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0470	+0.233%	$10.0M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0232%	1h	9.0302	+0.047%	$451	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0510	+0.277%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0181	−0.088%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0380% / S −0.0320%	1h	9.0345	+0.094%	$568K	—	120x
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0490	+0.255%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0764%	1h	9.0498	+0.264%	$99.6M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0788%	1h	9.0670	+0.454%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1040%	1h	9.0571	+0.345%	$4.6M	$5.2M	15x	as long as short