Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0219%/8h= +23.9% APRnext payment +$2.19 per $10,000 · paid last 24h +0.035%
Price spread now: HTX against Bybit+0.213%7-day average +0.193% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$490.492% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 3 days (all we have)+0.318%+$32 · spread now +0.213%, 7d avg +0.193%
Together, before fees+0.415%+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.020% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.193%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit UNIUSDT8.9130−0.0119get 0.0119% / 8h2h 23m$101.7M$105.9M75x
ShortHTX UNI-USDT8.93200.0100get 0.0100% / 8h2h 23m$728K$4.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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

Funding earned
$45.93
Price spread: +0.213% → +0.193%
$2.02
Slippage, 4 orders
−$26.15
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$1.21
Costs to cover
0.492%
Break-even
7.2 days
Slippage from Bybit: live order book, 1 min ago; HTX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago0.56 bp10.5 bp −$1117.8 bp −$17840.3 bp −$4,031doesn't fit
Sell HTX live order book, 6 min ago5.42 bp11.4 bp −$1137.7 bp −$377250.5 bp −$25.1Kdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0161%8h8.9562+0.485%$4.0M$4.6Mas long as short
Bybit UNIUSDTlong−0.0119%8h8.9130long leg$101.7M$105.9M75x
Deribit UNI_USDC-PERPETUAL0.0000%1h8.9194+0.072%$564K$138K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.9149+0.022%$80K150xas long as short
OKX UNI-USDT-SWAP+0.0021%8h8.9110−0.022%$54.8M$248.4M50xas long as short
01 Exchange UNIUSD+0.0024%1h8.9122−0.009%$44510xas long as short
dYdX UNI-USD+0.0073%1h8.9126−0.005%$247K$5K10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9056−0.083%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.9065−0.073%$861K$4.0M10xas long as short
Aster UNIUSDT+0.0100%8h8.9171+0.046%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9128−0.003%$301K$564K10xas long as short
Binance UNIUSDT+0.0100%8h8.9081−0.055%$217.7M$595.1M75xas long as short
Arcus UNI-USD+0.0100%1h8.9180+0.056%$275K$612K10xas long as short
Gate UNI_USDT+0.0100%8h8.9120−0.011%$23.1M$59.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9110−0.022%$43.3M$24.7M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9120−0.011%$13.5M$13.8M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9070−0.067%$32.3M$41.5M75xas long as short
BingX UNI-USDC+0.0100%8h8.9120−0.011%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9212+0.092%$989K$2.3M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9369+0.269%$168K$341K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9440+0.348%$628K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9430+0.337%$84K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.9180+0.056%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9139+0.010%$94K$331K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9140+0.011%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9131+0.001%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9100−0.034%$25K$666K10xas long as short
HTX UNI-USDTshort+0.0100%8h8.9320+0.213%$728K$4.3M75x
Phemex UNIUSDT+0.0100%8h8.9080−0.056%$26.9M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.9104−0.030%$308K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9163+0.038%$32K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.9400+0.303%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.91300.000%$9.8M$3.4M75xas long as short
Kraken Futures PF_UNIUSD+0.0267%1h8.9159+0.033%$5.0M$7.1M50xas long as short
Hyperliquid UNI+0.0296%1h8.9262+0.148%$97.1M$59.7M10xas long as short
Reya UNIRUSDPERP+0.0360%1h8.9100−0.033%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0320%1h8.9148+0.021%$559K120xas long as short
Aftermath Perps UNIUSD+0.0521%1h8.9227+0.109%$1K$50K10xas long as short
Lighter UNI+0.0560%1h8.9258+0.144%$4.6M$5.4M15xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−1.380%$657$97K12xas long as short