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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0113%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.045%
Price spread now: Hyperliquid against Extended+0.384%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$240.245% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.127%+$13 on $10k
Price spread, last 7 days−0.343%−$34 · spread now +0.384%, 7d avg +0.118%
Together, before fees−0.216%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.267% dearer against Extended than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended UNI-USD9.08120.0104pay 0.0013% / 1h11m 31s$303K$1.5M25x
ShortHyperliquid UNI9.11610.0217get 0.0027% / 1h11m 31s$99.1M$61.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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
$23.67
Price spread: +0.384% → +0.118%
$26.66
Slippage, 4 orders
−$10.49
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$25.84
Costs to cover
0.245%
Break-even
from the start
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 12 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 Extended live order book, 2 min ago2.85 bp5.5 bp −$510.4 bp −$104doesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.33 bp7.2 bp −$7doesn't fitdoesn't fitdoesn't fit

UNI on 39 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
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0009%1h9.1108+0.326%$32K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−2.766%$660$154K12xas long as short
01 Exchange UNIUSD+0.0064%1h9.0955+0.157%$454$510xas long as short
dYdX UNI-USD+0.0067%1h9.0928+0.127%$239K$30K10xas long as short
Nado UNI-PERP+0.0100%1h9.0875+0.069%$967K$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.1027+0.236%$1.0M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.0928+0.128%$297K$574K10xas long as short
Binance UNIUSDT+0.0100%8h9.0940+0.141%$227.4M$612.1M75xas long as short
Bybit UNIUSDT+0.0100%8h9.0890+0.086%$101.8M$107.7M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.0900+0.097%$56.3M$256.0M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h9.1010+0.218%$288K$638K10xas long as short
Gate UNI_USDT+0.0100%8h9.0870+0.064%$23.2M$59.1M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0920+0.119%$49.6M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0930+0.130%$13.7M$12.9M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0840+0.031%$33.3M$42.9M75xas long as short
BingX UNI-USDC+0.0100%8h9.0850+0.042%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.1105+0.323%$999K$2.4M10xas long as short
Variational Omni UNI+0.0100%8h9.1088+0.304%$4.2M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h9.1135+0.355%$171K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.1163+0.387%$641K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0950+0.152%$89K$700K50xas long as short
StandX UNI-USD+0.0100%1h9.1120+0.339%$56K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.1129+0.349%$87K$409K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.1100+0.317%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.1171+0.395%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.1107+0.325%$22K$725K10xas long as short
HTX UNI-USDT+0.0100%8h9.1242+0.473%$722K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h9.1050+0.262%$27.5M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0853+0.045%$26K20xas long as short
Extended UNI-USDlong+0.0104%1h9.0812long leg$303K$1.5M25x
Aevo UNI-PERP+0.0104%1h9.1120+0.339%$32K3xas long as short
Hyperliquid UNIshort+0.0217%1h9.1161+0.384%$99.1M$61.5M10x
Deribit UNI_USDC-PERPETUAL+0.0256%1h9.1167+0.391%$592K$188K50xas long as short
Coinbase International UNI-PERP-INTX+0.0312%1h9.1310+0.548%$1.1M$4.8M50xas long as short
Reya UNIRUSDPERP+0.0369%1h9.1051+0.264%$17K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.1111+0.329%$649K120xas long as short
Kraken Futures PF_UNIUSD+0.0421%1h9.1154+0.376%$5.1M$6.9M50xas long as short
Lighter UNI+0.0496%1h9.1072+0.286%$4.7M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0943%1h9.1227+0.457%$1K$48K10xas long as short