Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%

Price spread now: Coinbase International against HTX−0.081%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now −0.081%, 7d avg −0.112%

Together, before fees−0.401%−$40 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 Coinbase International is 0.031% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	8.8181	0.0100	pay 0.0100% / 8h	2h 56m	$707K	$4.2M	75x
Short	Coinbase International UNI-PERP-INTX	8.8110	0.0200	get 0.0025% / 1h	56m 26s	$1.0M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.081%Rate

Funding earned: $21
Price spread: −0.081% → −0.112%: $3.14
Slippage, 4 orders: −$16.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.67
Costs to cover: 0.388%
Break-even: 11.9 days

Slippage from HTX: live order book, 3 min ago; Coinbase International: live order book, 3 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 HTX live order book, 3 min ago	0.06 bp	8.3 bp −$8	49.1 bp −$491	332.5 bp −$33.3K	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.27 bp	13.6 bp −$14	21.8 bp −$218	55.0 bp −$5,497	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
Variational Omni UNI	−0.0199%	8h	8.8256	+0.085%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8010	−0.194%	$102.6M	$104.5M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8044	−0.155%	$550K	$129K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8090	−0.103%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8050	−0.149%	$54.2M	$244.7M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8045	−0.154%	$439	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7988	−0.219%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7975	−0.234%	$846K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8119	−0.070%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8079	−0.116%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8060	−0.137%	$215.8M	$596.4M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8100	−0.092%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8010	−0.194%	$22.8M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8070	−0.126%	$42.8M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8070	−0.126%	$13.7M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8030	−0.171%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7990	−0.217%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8063	−0.134%	$975K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8154	−0.030%	$166K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8050	−0.149%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8190	+0.010%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8090	−0.103%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8105	−0.086%	$86K	$339K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7990	−0.217%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8014	−0.189%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7972	−0.237%	$28K	$672K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.8181	long leg	$707K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	8.8000	−0.205%	$26.5M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7955	−0.256%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8015	−0.188%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0200%	1h	8.8110	−0.081%	$1.0M	$5.3M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8000	−0.205%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8029	−0.172%	$4.9M	$7.2M	50x	as long as short
dYdX UNI-USD	+0.0310%	1h	8.8102	−0.090%	$244K	$5K	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8048	−0.151%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0320%	1h	8.8009	−0.195%	$552K	—	120x	as long as short
Hyperliquid UNI	+0.0457%	1h	8.8212	+0.035%	$95.9M	$60.5M	10x	as long as short
Aftermath Perps UNIUSD	+0.0518%	1h	8.8122	−0.067%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0536%	1h	8.8243	+0.070%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.319%	$657	$97K	12x	as long as short