Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.030%

Price spread now: HTX against Coinbase International+0.055%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.055%, 7d avg +0.105%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.050% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.105%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.0710	0.0312	pay 0.0039% / 1h	26m 00s	$1.1M	$4.7M	50x
Short	HTX UNI-USDT	9.0760	0.0100	get 0.0100% / 8h	6h 26m	$721K	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$44.52
Price spread: +0.055% → +0.105%: −$5.02
Slippage, 4 orders: −$40.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$111.92
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; HTX: 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 Coinbase International live order book, 3 min ago	3.87 bp	13.2 bp −$13	18.2 bp −$182	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	9.29 bp	16.3 bp −$16	42.1 bp −$421	doesn't fit	doesn't fit

UNI on 39 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	9.0618	−0.101%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0020%	1h	9.0397	−0.345%	$238K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.657%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.0519	−0.211%	$452	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0572	−0.152%	$947K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0883	+0.191%	$98.7M	$60.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0719	+0.010%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0420	−0.320%	$296K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0831	+0.134%	$226.8M	$610.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0790	+0.088%	$101.6M	$107.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0800	+0.099%	$56.0M	$254.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0510	−0.220%	$287K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0740	+0.033%	$23.2M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0650	−0.066%	$49.8M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0660	−0.055%	$13.5M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0800	+0.099%	$33.2M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0750	+0.044%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0751	+0.045%	$996K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.143%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0414	−0.326%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0275	−0.480%	$628K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−0.320%	$88K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0510	−0.220%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0630	−0.088%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0630	−0.088%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0694	−0.018%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0650	−0.066%	$22K	$712K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.0760	+0.055%	$721K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0610	−0.110%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0391	−0.351%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0780	+0.077%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0646	−0.071%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0312%	1h	9.0710	long leg	$1.1M	$4.7M	50x
Reya UNIRUSDPERP	+0.0368%	1h	9.0573	−0.151%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0620	−0.099%	$645K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0423%	1h	9.0669	−0.045%	$5.0M	$6.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0434%	1h	9.0707	−0.003%	$589K	$187K	50x	as long as short
Lighter UNI	+0.0448%	1h	9.0792	+0.090%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0948%	1h	9.0328	−0.421%	$901	$48K	10x	as long as short