Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.006%

Price spread now: HTX against Deribit+0.069%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 3 days (all we have)−0.085%−$8 · spread now +0.069%, 7d avg +0.076%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.117%, 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	Deribit UNI_USDC-PERPETUAL	9.1084	0.0256	pay 0.0032% / 1h	22m 45s	$591K	$188K	50x
Short	HTX UNI-USDT	9.1147	0.0100	get 0.0100% / 8h	6h 22m	$724K	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$32.76
Price spread: +0.069% → +0.076%: −$0.68
Slippage, 4 orders: −$39.11
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$91.55
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from Deribit: live order book, 46 min ago; HTX: 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 Deribit live order book, 46 min ago	7.29 bp	10.8 bp −$11	19.6 bp −$196	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	6.19 bp	12.3 bp −$12	37.4 bp −$374	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	9.0968	−0.127%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0018%	1h	9.1055	−0.032%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.057%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.0964	−0.132%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0935	−0.164%	$951K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1356	+0.299%	$99.1M	$60.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1207	+0.135%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1093	+0.009%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1228	+0.158%	$227.8M	$610.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1190	+0.116%	$102.1M	$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	9.1210	+0.138%	$56.3M	$255.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1020	−0.070%	$288K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1210	+0.138%	$23.3M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1190	+0.116%	$50.0M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1150	+0.072%	$13.5M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1200	+0.127%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1200	+0.127%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1067	−0.019%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.553%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	−0.692%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0859	−0.247%	$632K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0890	−0.213%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0990	−0.103%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0969	−0.126%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1000	−0.092%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1032	−0.057%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1052	−0.035%	$22K	$712K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.1147	+0.069%	$724K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.1020	−0.070%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0978	−0.116%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1083	−0.001%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1050	−0.037%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0256%	1h	9.1084	long leg	$591K	$188K	50x
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1110	+0.029%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0897	−0.205%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0925	−0.174%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1075	−0.010%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0448%	1h	9.1397	+0.344%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.0648	−0.479%	$988	$48K	10x	as long as short