Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: Deribit against HTX+0.037%7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.037%, 7d avg −0.079%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.116% dearer against HTX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.079%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	8.8246	0.0100	pay 0.0100% / 8h	2h 53m	$721K	$4.3M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.8279	0	get 0.0000% / 1h	53m 39s	$551K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21
Price spread: +0.037% → −0.079%: $11.58
Slippage, 4 orders: −$33.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.8
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Deribit: live order book, 35 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, 5 min ago	0.06 bp	8.3 bp −$8	49.1 bp −$491	332.5 bp −$33.3K	doesn't fit
Sell Deribit live order book, 35 min ago	5.99 bp	20.8 bp −$21	54.5 bp −$545	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
Variational Omni UNI	−0.0201%	8h	8.8015	−0.262%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8160	−0.097%	$102.7M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0072%	1h	8.8233	−0.015%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	8.8279	+0.037%	$551K	$125K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8242	−0.005%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0011%	8h	8.8170	−0.086%	$54.3M	$244.8M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8203	−0.048%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8170	−0.086%	$852K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8244	−0.002%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8203	−0.049%	$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	8.8231	−0.017%	$216.1M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8350	+0.118%	$273K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8210	−0.041%	$22.9M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8210	−0.041%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8170	−0.086%	$13.7M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8230	−0.018%	$32.0M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8210	−0.041%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8292	+0.052%	$978K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8265	+0.022%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.073%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.233%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8180	−0.075%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8156	−0.102%	$87K	$339K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8200	−0.052%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8177	−0.078%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8221	−0.028%	$28K	$659K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.8246	long leg	$721K	$4.3M	75x
Phemex UNIUSDT	+0.0100%	8h	8.8230	−0.018%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8206	−0.045%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8257	+0.012%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8250	+0.005%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8380	+0.152%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8268	+0.025%	$4.9M	$7.1M	50x	as long as short
dYdX UNI-USD	+0.0308%	1h	8.8218	−0.032%	$244K	$5K	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8099	−0.167%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8234	−0.013%	$553K	—	120x	as long as short
Lighter UNI	+0.0464%	1h	8.8330	+0.095%	$4.5M	$5.3M	15x	as long as short
Hyperliquid UNI	+0.0481%	1h	8.8300	+0.061%	$95.9M	$59.6M	10x	as long as short
Aftermath Perps UNIUSD	+0.0508%	1h	8.8193	−0.060%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.392%	$657	$97K	12x	as long as short