Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: MEXC against SoDEX−0.046%7-day average +0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now −0.046%, 7d avg +0.020%

Together, before fees−0.212%−$21 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 0.066% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	8.7660	0.0100	pay 0.0013% / 1h	3m 38s	$21K	$728K	10x
Short	MEXC UNI_USDT	8.7620	0.0100	get 0.0100% / 8h	5h 03m	$46.0M	$21.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.020%: −$6.56
Slippage, 4 orders: −$16.87
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.43
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from SoDEX: live order book, 43 min ago; MEXC: live order book, 3 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 SoDEX live order book, 43 min ago	0.34 bp	10.9 bp −$11	28.3 bp −$283	132.1 bp −$13.2K	doesn't fit
Sell MEXC live order book, 3 min ago	0.57 bp	3.7 bp −$4	7.6 bp −$76	29.8 bp −$2,977	171.6 bp −$85.8K

UNI on 40 exchanges

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 −0.0005%	1h	8.7672	+0.014%	$75K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0032%	1h	8.7696	+0.041%	$580K	$211K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.730%	$660	$147K	12x	as long as short
Nado UNI-PERP	+0.0062%	1h	8.7660	0.000%	$649K	$3.9M	10x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.7646	−0.016%	$437	$56	10x	as long as short
OKX UNI-USDT-SWAP	+0.0083%	8h	8.7600	−0.068%	$54.1M	$215.5M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7740	+0.091%	$4.3M	$4.8M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7572	−0.100%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7671	+0.013%	$765K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7635	−0.029%	$289K	$456K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.7600	−0.068%	$213.5M	$554.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7580	−0.091%	$97.4M	$95.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7700	+0.046%	$319K	$518K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7620	−0.046%	$28.1M	$56.3M	75x	as long as short
MEXC UNI_USDTshort	+0.0100%	8h	8.7620	−0.046%	$46.0M	$21.0M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.7650	−0.011%	$12.9M	$11.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7620	−0.046%	$32.8M	$41.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7610	−0.057%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.7652	−0.009%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7622	−0.043%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7688	+0.032%	$612K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7640	−0.023%	$88K	$715K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7660	0.000%	$93K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7698	+0.043%	$96K	$617K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7620	−0.046%	$16K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7698	+0.043%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	8.7660	long leg	$21K	$728K	10x
HTX UNI-USDT	+0.0100%	8h	8.7756	+0.110%	$702K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7680	+0.023%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7566	−0.107%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7663	+0.003%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7703	+0.049%	$4.7M	$7.6M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0134%	1h	8.7741	+0.092%	$1.1M	$2.2M	10x	as long as short
Hyperliquid UNI	+0.0177%	1h	8.7756	+0.109%	$94.1M	$60.1M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7660	0.000%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7800	+0.160%	$910K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.7692	+0.037%	$624K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0388%	1h	8.7636	−0.027%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0429%	1h	8.7635	−0.029%	$230K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0533%	1h	8.7752	+0.105%	$1K	$49K	10x	as long as short