Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.041%

Price spread now: HTX against GMX+0.241%7-day average +0.099% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.241%, 7d avg +0.099%

Together, before fees−0.349%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.142% dearer against GMX than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.099%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.1368	L +0.0381% / S −0.0323%	pay 0.0048% / 1h	6m 32s	$578K	—	120x
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 GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now +0.241%Rate

Funding earned: −$59.11
Price spread: +0.241% → +0.099%: $14.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$68.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 2 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
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

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.002%	$20K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.357%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1089	−0.305%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1070	−0.326%	$977K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1326	−0.046%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1286	−0.090%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1040	−0.359%	$231.1M	$600.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1000	−0.402%	$102.5M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0980	−0.424%	$56.2M	$253.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1220	−0.162%	$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	9.1140	−0.249%	$23.3M	$60.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1170	−0.216%	$46.8M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1320	−0.052%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1120	−0.271%	$33.5M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1130	−0.260%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1394	+0.029%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1470	+0.112%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1543	+0.192%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1560	+0.210%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1520	+0.167%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1430	+0.068%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1452	+0.092%	$85K	$388K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1390	+0.024%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1446	+0.086%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1381	+0.015%	$22K	$709K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.1588	+0.241%	$724K	$4.4M	75x
Phemex UNIUSDT	+0.0100%	8h	9.1430	+0.068%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1119	−0.272%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1087	−0.307%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1388	+0.022%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0198%	1h	9.1304	−0.070%	$245K	$24K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0199%	1h	9.1426	+0.064%	$591K	$186K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1460	+0.101%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1360	−0.008%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1287	−0.088%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0323%	1h	9.1368	long leg	$578K	—	120x
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1439	+0.078%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0537%	1h	9.1384	+0.018%	$100.7M	$58.3M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.1477	+0.120%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1057%	1h	9.1604	+0.259%	$924	$49K	10x	as long as short