Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: SoDEX against MEXC+0.049%53s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.325% of the position

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.739%+$74 · spread now +0.049%, 7d avg −0.011%

Together, before fees+0.740%+$74 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: SoDEX is 0.060% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 53 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	MEXC UNI_USDT	9.1110	0.0100	pay 0.0100% / 8h	5h 27m	$49.2M	$25.1M	200x
Short	SoDEX UNI-USD	9.1155	0.0100	get 0.0013% / 1h	27m 27s	$22K	$760K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.011%: $6.03
Slippage, 4 orders: −$20.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.44
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; SoDEX: live order book, 36 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, 1 min ago	0.55 bp	2.5 bp −$3	2.8 bp −$28	22.4 bp −$2,238	162.1 bp −$81.0K
Sell SoDEX live order book, 36 min ago	0.54 bp	9.4 bp −$9	28.9 bp −$289	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0008%	1h	9.1067	−0.047%	$28K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.084%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.1073	−0.041%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0998	−0.123%	$941K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1126	+0.017%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1128	+0.020%	$297K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1056	−0.059%	$226.7M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1020	−0.099%	$102.4M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1010	−0.110%	$56.2M	$252.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1130	+0.022%	$289K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1050	−0.066%	$23.4M	$59.9M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.1110	long leg	$49.2M	$25.1M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.1070	−0.044%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1090	−0.022%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1030	−0.088%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1136	+0.029%	$987K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1396	+0.314%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1208	+0.107%	$172K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1134	+0.026%	$632K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.417%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1220	+0.121%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1092	−0.020%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1140	+0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1108	−0.002%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1155	+0.049%	$22K	$760K	10x
HTX UNI-USDT	+0.0100%	8h	9.1188	+0.086%	$714K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1190	+0.088%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1058	−0.057%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1046	−0.071%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1164	+0.060%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0128%	1h	9.1110	0.000%	$240K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0216%	1h	9.1207	+0.106%	$584K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1150	+0.044%	$10.4M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1225	+0.126%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1110	0.000%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1065	−0.050%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1209	+0.108%	$648K	—	120x	as long as short
Hyperliquid UNI	+0.0521%	1h	9.1247	+0.150%	$99.0M	$59.9M	10x	as long as short
Lighter UNI	+0.0584%	1h	9.1255	+0.159%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0929%	1h	9.1210	+0.109%	$957	$47K	10x	as long as short