Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.008%

Price spread now: Deribit against MEXC+0.074%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now +0.074%, 7d avg +0.046%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.028% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

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	1h 06m	$43.2M	$24.6M	200x
Short	Deribit UNI_USDC-PERPETUAL	8.9607	0.0123	get 0.0015% / 1h	6m 12s	$569K	$157K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.074%Rate

Funding earned: $4.83
Price spread: +0.074% → +0.046%: $2.79
Slippage, 4 orders: −$23.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$27.02
Costs to cover: 0.346%
Break-even: 46.2 days

Slippage from MEXC: live order book, 8 min ago; Deribit: live order book, 13 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, 8 min ago	0.56 bp	2.9 bp −$3	7.2 bp −$72	20.7 bp −$2,067	135.5 bp −$67.7K
Sell Deribit live order book, 13 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	doesn't fit	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
Variational Omni UNI	−0.0038%	8h	8.9363	−0.198%	$4.0M	$4.6M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9603	+0.070%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0018%	8h	8.9540	0.000%	$102.2M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.385%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0057%	8h	8.9550	+0.011%	$55.4M	$247.5M	50x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	8.9627	+0.097%	$447	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9531	−0.010%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9515	−0.028%	$947K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9660	+0.134%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9492	−0.054%	$298K	$584K	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	8.9566	+0.029%	$220.4M	$590.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9620	+0.089%	$276K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9560	+0.022%	$23.1M	$59.0M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.9540	long leg	$43.2M	$24.6M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.9570	+0.034%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9510	−0.034%	$32.5M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9560	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9602	+0.069%	$995K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9326	−0.239%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9280	−0.290%	$628K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9300	−0.268%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9380	−0.179%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9609	+0.077%	$87K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9580	+0.045%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9654	+0.127%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9551	+0.012%	$25K	$663K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9726	+0.208%	$734K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9570	+0.034%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9502	−0.043%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9607	+0.075%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0121%	1h	8.9467	−0.081%	$248K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0123%	1h	8.9607	+0.074%	$569K	$157K	50x
BloFin UNI-USDT	+0.0220%	8h	8.9380	−0.179%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9580	+0.045%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0338%	1h	8.9610	+0.078%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	8.9565	+0.028%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9618	+0.087%	$562K	—	120x	as long as short
Hyperliquid UNI	+0.0447%	1h	8.9703	+0.182%	$98.8M	$59.3M	10x	as long as short
Lighter UNI	+0.0664%	1h	8.9742	+0.226%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0668%	1h	8.9322	−0.244%	$1K	$49K	10x	as long as short