Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0079%/8h= −8.6% APRpaid last 24h +0.037%

Price spread now: dYdX against HTX−0.106%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.106%, 7d avg −0.120%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.203%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.0400	0.0100	pay 0.0100% / 8h	6h 28m	$718K	$4.2M	75x
Short	dYdX UNI-USD	9.0304	0.0021	get 0.0003% / 1h	28m 44s	$238K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$16.54
Price spread: −0.106% → −0.120%: $1.39
Slippage, 4 orders: −$77.86
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$115.01
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; dYdX: live order book, 40 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	7.67 bp	17.4 bp −$17	72.7 bp −$727	doesn't fit	doesn't fit
Sell dYdX live order book, 40 min ago	25.60 bp	37.5 bp −$38	146.8 bp −$1,468	218.2 bp −$21.8K	386.6 bp −$193.3K

UNI on 39 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0264	−0.151%	$586K	$200K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0267	−0.147%	$19K	—	150x	as long as short
dYdX UNI-USDshort	+0.0021%	1h	9.0304	−0.106%	$238K	$30K	10x
01 Exchange UNIUSD	+0.0032%	1h	9.0505	+0.116%	$452	—	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.323%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0265	−0.149%	$942K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0352	−0.053%	$98.1M	$60.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0350	−0.055%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0336	−0.071%	$296K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0330	−0.077%	$225.4M	$611.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0320	−0.088%	$101.0M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0330	−0.077%	$55.6M	$253.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0420	+0.022%	$286K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0240	−0.177%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0350	−0.055%	$49.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0270	−0.144%	$13.4M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0190	−0.232%	$33.0M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0220	−0.199%	—	$57.4M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0241	−0.176%	$990K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0181	−0.242%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0270	−0.144%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.488%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	−0.111%	$88K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0560	+0.177%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0412	+0.013%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0230	−0.188%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0334	−0.073%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0220	−0.199%	$22K	$710K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.0400	long leg	$718K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0230	−0.188%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0322	−0.086%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0201	−0.220%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0246	−0.170%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0250	−0.166%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0258	−0.157%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0274	−0.139%	$644K	—	120x	as long as short
Lighter UNI	+0.0400%	1h	9.0417	+0.019%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0212	−0.208%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0940%	1h	9.0194	−0.228%	$1K	$48K	10x	as long as short