UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h +0.005%

Price spread now: Hyperliquid against GMX−0.485%7-day average +0.067% · you buy dearer than you sell

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.612%+$61 · spread now −0.485%, 7d avg +0.067%

Together, before fees+0.522%+ Points / potential airdropHyperliquid: Season 2 · farm board+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.552% cheaper against GMX than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.8923	L +0.0379% / S −0.0320%	pay 0.0047% / 1h	13m 40s	$558K	—	120x
Short	Hyperliquid UNI	8.8492	0.0304	get 0.0038% / 1h	13m 40s	$96.3M	$59.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now −0.485%Rate

Funding earned: −$15.82
Price spread: −0.485% → +0.067%: −$55.23
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$92.05
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago	0.56 bp	doesn't fit	doesn't fit	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
Variational Omni UNI	−0.0136%	8h	8.8841	−0.092%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0089%	8h	8.8310	−0.690%	$100.8M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8962	+0.043%	$562K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8929	+0.007%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.8300	−0.701%	$54.4M	$246.4M	50x	as long as short
01 Exchange UNIUSD	+0.0032%	1h	8.8938	+0.017%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0090%	1h	8.8365	−0.628%	$245K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8313	−0.686%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8895	−0.032%	$849K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8452	−0.530%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8350	−0.645%	$299K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8330	−0.667%	$215.8M	$596.5M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8440	−0.543%	$273K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8330	−0.667%	$22.9M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8360	−0.633%	$42.8M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8360	−0.633%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8320	−0.678%	$32.0M	$41.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8320	−0.678%	—	$51.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8605	−0.358%	$983K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8994	+0.079%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8970	+0.053%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	+0.086%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8920	−0.004%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8924	+0.001%	$94K	$330K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8890	−0.037%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8958	+0.039%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8900	−0.026%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9071	+0.166%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8920	−0.004%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8299	−0.702%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8915	−0.010%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9020	+0.109%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.071%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8979	+0.063%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNIshort	+0.0304%	1h	8.8492	−0.485%	$96.3M	$59.8M	10x
Reya UNIRUSDPERP	+0.0360%	1h	8.8892	−0.036%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0379% / S −0.0320%	1h	8.8923	long leg	$558K	—	120x
Aftermath Perps UNIUSD	+0.0546%	1h	8.9033	+0.123%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0584%	1h	8.8513	−0.461%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.151%	$657	$97K	12x	as long as short