Funding arb · Price arb /

UNI

all UNI markets

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 −0.003%

Price spread now: MEXC against Orderly+0.180%57s7-day average +0.012% · 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−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.180%, 7d avg +0.012%

Together, before fees−0.388%−$39 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 0.169% dearer against Orderly than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.012%. 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	8.8690	0.0100	pay 0.0100% / 8h	17m 30s	$16K	$2.2M	10x
Short	MEXC UNI_USDT	8.8850	0.0100	get 0.0100% / 8h	17m 30s	$48.1M	$26.3M	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 +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.012%: $16.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $6.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 1 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, 1 min ago	0.56 bp	4.8 bp −$5	8.6 bp −$86	16.7 bp −$1,671	118.2 bp −$59.1K

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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8732	+0.047%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0008%	1h	8.8947	+0.290%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8909	+0.246%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.440%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0037%	1h	8.8860	+0.192%	$728K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0083%	1h	8.8872	+0.205%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8950	+0.293%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8828	+0.155%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8982	+0.329%	$94.8M	$67.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8926	+0.266%	$723K	$3.3M	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	8.8900	+0.237%	$287K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8878	+0.212%	$215.3M	$652.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8820	+0.147%	$98.4M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8840	+0.169%	$54.5M	$262.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8970	+0.316%	$317K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	+0.226%	$26.2M	$66.5M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.8850	+0.180%	$48.1M	$26.3M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8880	+0.214%	$12.9M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8870	+0.203%	$32.5M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8880	+0.214%	—	$58.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8762	+0.081%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.406%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8604	−0.097%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8706	+0.018%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8670	−0.023%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8670	−0.023%	$14K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	8.8690	long leg	$16K	$2.2M	10x
SunX UNI-USDT	+0.0100%	8h	8.8747	+0.064%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8681	−0.010%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8770	+0.090%	$701K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8660	−0.034%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8859	+0.191%	$286K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8705	+0.017%	$31K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0143%	1h	8.8760	+0.079%	$588K	$270K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8700	+0.011%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8680	−0.011%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8697	+0.008%	$631K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8850	+0.181%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0393%	1h	8.8578	−0.126%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0564%	1h	8.8824	+0.151%	$234K	$30K	10x	as long as short