Funding arb · Price arb /

UNI

all UNI markets

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 +0.003%

Price spread now: Orderly against MEXC−0.067%7-day average −0.010% · you buy dearer than you sell

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.067%, 7d avg −0.010%

Together, before fees+0.394%+$39 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: Orderly is 0.057% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0010	0.0100	pay 0.0100% / 8h	3h 45m	$47.2M	$25.5M	200x
Short	Orderly PERP_UNI_USDC	8.9950	0.0100	get 0.0100% / 8h	3h 45m	$16K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.010%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$15.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Orderly: 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, 4 min ago	0.55 bp	6.5 bp −$7	9.0 bp −$90	25.0 bp −$2,502	158.7 bp −$79.4K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9947	−0.070%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.900%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9905	−0.117%	$449	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0073%	1h	9.0022	+0.013%	$577K	$207K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9845	−0.183%	$964K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0077	+0.074%	$97.3M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9929	−0.090%	$807K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9941	−0.077%	$292K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0010	0.000%	$221.3M	$642.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9990	−0.022%	$101.2M	$111.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9970	−0.044%	$54.8M	$260.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9990	−0.022%	$314K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0020	+0.011%	$23.7M	$63.5M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0010	long leg	$47.2M	$25.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0000	−0.011%	$13.4M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9980	−0.033%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9980	−0.033%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0024	+0.016%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0239	+0.255%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0306	+0.329%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0227	+0.241%	$639K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0320	+0.344%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0270	+0.289%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9894	−0.129%	$86K	$433K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9950	−0.067%	$16K	$1.4M	10x
SunX UNI-USDT	+0.0100%	8h	8.9951	−0.066%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0000	−0.011%	$21K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0078	+0.076%	$710K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0020	+0.011%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9896	−0.127%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9957	−0.059%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9996	−0.016%	$32K	—	3x	as long as short
Lighter UNI	+0.0112%	1h	9.0135	+0.139%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0000	−0.011%	$939K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9980	−0.033%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0034	+0.027%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9852	−0.175%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9931	−0.088%	$640K	—	120x	as long as short
dYdX UNI-USD	+0.0398%	1h	9.0004	−0.007%	$237K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0882%	1h	9.0317	+0.341%	$937	$46K	10x	as long as short