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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.005%
Price spread now: Backpack against MEXC+0.054%7-day average +0.459% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on MEXCShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 7 days−2.292%−$229 · spread now +0.054%, 7d avg +0.459%
Together, before fees−2.240%−$224 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.405% cheaper against MEXC than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.459%). If the spread goes back, that is −$41 on $10k: about 16 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.052% in total) that is about 54 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC UNI_USDT8.95200.0100pay 0.0100% / 8h7h 03m$47.5M$25.8M200x
ShortBackpack UNI_USDC_PERP8.95680.0184get 0.0023% / 1h3m 10s$1.1M$2.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$17.69
Price spread: +0.054% → +0.459%
−$40.54
Slippage, 4 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$46.84
Costs to cover
0.240%
Break-even
25.5 days
Slippage from MEXC: live order book, 1 min ago; Backpack: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 1 min ago2.79 bp5.5 bp −$68.6 bp −$8625.3 bp −$2,526166.1 bp −$83.1K
Sell Backpack live order book, 1 min ago0.06 bp6.5 bp −$6135.1 bp −$1,351doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_UNIUSD−0.0062%1h8.9565+0.050%$4.7M$8.4M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.9549+0.032%$77K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.363%$660$153K12xas long as short
01 Exchange UNIUSD+0.0080%1h8.9604+0.094%$473$3110xas long as short
Lighter UNI+0.0096%1h8.9623+0.115%$4.4M$5.6M15xas long as short
Nado UNI-PERP+0.0099%1h8.9545+0.028%$718K$4.4M10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9529+0.010%$26K—20xas long as short
Aster UNIUSDT+0.0100%8h8.9558+0.042%$739K$3.1M50xas long as short
Pacifica UNI+0.0100%1h8.9585+0.073%$289K$542K10xas long as short
Binance UNIUSDT+0.0100%8h8.9475−0.051%$216.3M$632.2M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.9470−0.056%$99.1M$106.8M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9460−0.067%$54.4M$255.5M50xas long as short
Arcus UNI-USD+0.0100%1h8.9670+0.168%$324K$702K10xas long as short
Gate UNI_USDT+0.0100%8h8.9500−0.022%$27.1M$63.6M75xas long as short
MEXC UNI_USDTlong+0.0100%8h8.9520long leg$47.5M$25.8M200x
KuCoin UNIUSDTM+0.0100%8h8.95200.000%$13.2M$12.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9490−0.034%$33.6M$45.2M75xas long as short
BingX UNI-USDC+0.0100%8h8.9480−0.045%—$6.5M—as long as short
Variational Omni UNI+0.0100%8h8.9940+0.469%$4.2M$3.9M—as long as short
edgeX UNIUSDC+0.0100%4h8.9813+0.328%$170K$347K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9679+0.178%$626K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9850+0.369%$91K$706K50xas long as short
StandX UNI-USD+0.0100%1h8.9570+0.056%$33K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9597+0.086%$103K$609K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9480−0.045%$16K$2.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.9620+0.112%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9502−0.020%$32K$852K10xas long as short
HTX UNI-USDT+0.0100%8h8.9763+0.271%$702K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9530+0.011%$27.0M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.9462−0.065%$298K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9515−0.006%$32K—3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0121%1h8.9553+0.037%$593K$249K50xas long as short
Hyperliquid UNI+0.0172%1h8.9609+0.099%$95.7M$67.5M10xas long as short
Backpack UNI_USDC_PERPshort+0.0184%1h8.9568+0.054%$1.1M$2.5M10x
Coinbase International UNI-PERP-INTX+0.0208%1h8.9610+0.101%$926K$5.2M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9560+0.045%$10.2M$3.7M75xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.9511−0.010%$637K—120xas long as short
Reya UNIRUSDPERP+0.0384%1h8.9517−0.003%$16K—20xas long as short
dYdX UNI-USD+0.0402%1h8.9546+0.029%$235K$32K10xas long as short
Aftermath Perps UNIUSD+0.0520%1h8.9821+0.336%$1K$51K10xas long as short