Funding arb · Price arb /

UNI

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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 −0.023%

Price spread now: Bybit against MEXC+0.022%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.022%, 7d avg −0.058%

Together, before fees−0.083%−$8 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: Bybit is 0.080% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	8.9540	0.0100	pay 0.0100% / 8h	3h 27m	$47.9M	$26.0M	200x
Short	Bybit UNIUSDT	8.9560	0.0100	get 0.0100% / 8h	3h 27m	$100.5M	$112.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.058%: $8.01
Slippage, 4 orders: −$10.43
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$17.42
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.56 bp	3.0 bp −$3	7.0 bp −$70	21.4 bp −$2,138	166.5 bp −$83.2K
Sell Bybit live order book, 2 min ago	0.56 bp	9.8 bp −$10	18.2 bp −$182	43.4 bp −$4,342	doesn't fit

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9598	+0.065%	$574K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9611	+0.079%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0016%	1h	8.9544	+0.004%	$447	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.385%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9632	+0.103%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9572	+0.036%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9527	−0.014%	$973K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9656	+0.130%	$95.5M	$64.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9596	+0.063%	$786K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9560	+0.022%	$291K	$608K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9590	+0.056%	$221.3M	$647.3M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	8.9560	+0.022%	$100.5M	$112.0M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9570	+0.034%	$54.7M	$261.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9640	+0.112%	$313K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9600	+0.067%	$23.9M	$64.0M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.9540	long leg	$47.9M	$26.0M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9550	+0.011%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9540	0.000%	$33.2M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9580	+0.045%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9523	−0.019%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9889	+0.390%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9795	+0.284%	$169K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9680	+0.156%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	+0.313%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9660	+0.134%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9550	+0.011%	$86K	$437K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9600	+0.067%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9646	+0.118%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9553	+0.015%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9684	+0.161%	$701K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9590	+0.056%	$27.1M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9499	−0.046%	$285K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9613	+0.081%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9600	+0.067%	$933K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9760	+0.246%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9608	+0.076%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0273%	1h	8.9555	+0.017%	$236K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	8.9528	−0.014%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9617	+0.086%	$638K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0797%	1h	8.9797	+0.287%	$881	$45K	10x	as long as short