Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against Orderly+0.170%57s7-day average +0.009% · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.947%−$95 · spread now +0.170%, 7d avg +0.009%

Together, before fees−1.013%−$101 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: MEXC is 0.161% dearer against Orderly than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	8.8340	0.0100	pay 0.0100% / 8h	3h 32m	$15K	$1.7M	10x
Short	MEXC UNI_USDT	8.8490	0.0100	get 0.0100% / 8h	3h 32m	$43.2M	$24.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. 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 OrderlybpFee MEXCbpOrdersPrice spread, now +0.170%Rate

Funding earned: $0
Price spread: +0.170% → +0.009%: $16.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $6.08
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.57 bp	4.1 bp −$4	8.0 bp −$80	30.2 bp −$3,018	168.5 bp −$84.3K

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
Variational Omni UNI	−0.0206%	8h	8.8156	−0.208%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0206%	8h	8.8480	+0.158%	$103.3M	$105.3M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8489	+0.169%	$61K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0005%	8h	8.8540	+0.226%	$54.8M	$248.1M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0084%	1h	8.8417	+0.088%	$552K	$129K	50x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	8.8546	+0.233%	$442	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8521	+0.205%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8483	+0.161%	$852K	$3.9M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8580	+0.272%	$96.2M	$59.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8626	+0.324%	$1.1M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8606	+0.301%	$299K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8464	+0.140%	$217.0M	$597.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8580	+0.272%	$273K	$596K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8490	+0.170%	$22.7M	$59.5M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.8490	+0.170%	$43.2M	$24.6M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8470	+0.147%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8440	+0.113%	$32.0M	$41.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8470	+0.147%	—	$50.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8567	+0.257%	$981K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8246	−0.106%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8241	−0.112%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8300	−0.045%	$83K	$726K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8320	−0.023%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8500	+0.181%	$89K	$341K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.8340	long leg	$15K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.8411	+0.080%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8348	+0.009%	$25K	$670K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8600	+0.294%	$706K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8490	+0.170%	$26.6M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8493	+0.173%	$308K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8391	+0.057%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8460	+0.136%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8560	+0.249%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0237%	1h	8.8641	+0.341%	$245K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0317%	1h	8.8410	+0.079%	$5.0M	$7.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0358%	1h	8.8437	+0.109%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0321%	1h	8.8478	+0.157%	$554K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0579%	1h	8.8318	−0.025%	$1K	$51K	10x	as long as short
Lighter UNI	+0.0640%	1h	8.8763	+0.479%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.4514%	1h	8.7900	−0.498%	$657	$97K	12x	as long as short