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 Phemex−0.033%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.241%−$24 · spread now −0.033%, 7d avg −0.020%

Together, before fees−0.259%−$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0430	0.0100	pay 0.0100% / 8h	3h 48m	$27.4M	$4.4M	50x
Short	MEXC UNI_USDT	9.0400	0.0100	get 0.0100% / 8h	3h 48m	$47.5M	$25.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.020%: −$1.27
Slippage, 4 orders: −$33.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$50.57
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; MEXC: live order book, 1 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 Phemex live order book, 6 min ago	4.42 bp	22.7 bp −$23	40.3 bp −$403	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.55 bp	2.9 bp −$3	6.6 bp −$66	42.9 bp −$4,288	180.3 bp −$90.2K

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 −0.0004%	1h	9.0407	−0.025%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.355%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0424	−0.007%	$451	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0540	+0.122%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0397	−0.036%	$973K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0485	+0.061%	$97.8M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0436	+0.007%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0474	+0.049%	$294K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0380	−0.055%	$222.2M	$641.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0340	−0.100%	$101.6M	$111.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0350	−0.088%	$55.1M	$261.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0560	+0.144%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0390	−0.044%	$23.8M	$63.4M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	9.0400	−0.033%	$47.5M	$25.5M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0400	−0.033%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0350	−0.088%	$33.3M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0390	−0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0459	+0.032%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.432%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.022%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	−0.055%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0480	+0.055%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0260	−0.188%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0498	+0.075%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0380	−0.055%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0604	+0.192%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0400	−0.033%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0533	+0.114%	$726K	$4.8M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0430	long leg	$27.4M	$4.4M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0496	+0.073%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0325	−0.116%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0398	−0.036%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0204%	1h	9.0447	+0.018%	$579K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0460	+0.033%	$946K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.166%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0449	+0.021%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0432	+0.002%	$17K	—	20x	as long as short
dYdX UNI-USD	+0.0375%	1h	9.0485	+0.060%	$238K	$30K	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0387	−0.048%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0878%	1h	9.0472	+0.046%	$1K	$45K	10x	as long as short