Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0102%/8h= −11.1% APRpaid last 24h −0.037%

Price spread now: HTX against dYdX+0.325%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 3 days (all we have)−0.165%−$16 · spread now +0.325%, 7d avg +0.120%

Together, before fees−0.366%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.204% dearer against dYdX than usual: you sell high and buy low (spread +0.325% now, against its 7-day average of +0.120%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX UNI-USD	9.1292	0.0202	pay 0.0025% / 1h	6m 51s	$245K	$24K	10x
Short	HTX UNI-USDT	9.1588	0.0100	get 0.0100% / 8h	7h 06m	$724K	$4.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now +0.325%Rate

Funding earned: −$21.37
Price spread: +0.325% → +0.120%: $20.45
Slippage, 4 orders: −$81.68
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$104.6
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from dYdX: live order book, 2 min ago; HTX: live order book, 2 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 dYdX live order book, 2 min ago	25.60 bp	30.9 bp −$31	31.2 bp −$312	93.1 bp −$9,313	321.4 bp −$160.7K
Sell HTX live order book, 2 min ago	2.62 bp	18.8 bp −$19	55.1 bp −$551	doesn't fit	doesn't fit

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	9.1370	+0.086%	$20K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.277%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1439	+0.161%	$456	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1330	+0.042%	$983K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1420	+0.140%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1308	+0.018%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1321	+0.032%	$231.8M	$600.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1270	−0.024%	$102.8M	$107.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1260	−0.035%	$56.4M	$254.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1510	+0.239%	$282K	$617K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1290	−0.002%	$23.3M	$60.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1320	+0.031%	$46.9M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1320	+0.031%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1330	+0.042%	$33.6M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1300	+0.009%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1394	+0.112%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1470	+0.195%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1543	+0.275%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1560	+0.294%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1520	+0.250%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1290	−0.002%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1452	+0.176%	$85K	$388K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1390	+0.108%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1446	+0.169%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1381	+0.098%	$22K	$709K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.1588	+0.325%	$724K	$4.4M	75x
Phemex UNIUSDT	+0.0100%	8h	9.1430	+0.151%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1353	+0.068%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1257	−0.038%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1388	+0.105%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0199%	1h	9.1426	+0.147%	$591K	$186K	50x	as long as short
dYdX UNI-USDlong	+0.0202%	1h	9.1292	long leg	$245K	$24K	10x
BloFin UNI-USDT	+0.0220%	8h	9.1460	+0.184%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1360	+0.075%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1287	−0.005%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1368	+0.083%	$578K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1439	+0.161%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0539%	1h	9.1493	+0.220%	$100.9M	$58.3M	10x	as long as short
Lighter UNI	+0.0968%	1h	9.1582	+0.318%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1057%	1h	9.1604	+0.342%	$924	$49K	10x	as long as short