Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.084%

Price spread now: GMX against HTX−0.657%52s7-day average −0.099% · you buy dearer than you sell

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

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.657%, 7d avg −0.099%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.558% cheaper against HTX than usual: you would sell low and buy high (spread −0.657% now, against its 7-day average of −0.099%). If the spread goes back, that is −$56 on $10k: about 13 days of funding at the current rate (+$4 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.2745	0.0100	pay 0.0100% / 8h	5h 16m	$723K	$4.4M	75x
Short	GMX UNI/USD [UNI-USDC]	9.2135	L +0.0381% / S −0.0244%	get 0.0030% / 1h	16m 26s	$656K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.657%Rate

Funding earned: $30.22
Price spread: −0.657% → −0.099%: −$55.79
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$49.57
Costs to cover: 0.240%
Break-even: 18.5 days

Slippage unknown: HTX: live order book, 3 min ago; GMX: no order-book sample. 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 HTX live order book, 3 min ago	6.02 bp	19.7 bp −$20	73.6 bp −$736	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 −0.0006%	1h	9.2126	−0.667%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.793%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2158	−0.633%	$460	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2120	−0.674%	$953K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2220	−0.566%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2225	−0.561%	$300K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2137	−0.656%	$229.1M	$619.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2010	−0.792%	$103.4M	$109.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2030	−0.771%	$57.0M	$258.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2230	−0.555%	$292K	$614K	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	9.2130	−0.663%	$23.6M	$61.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2160	−0.631%	$49.3M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2130	−0.663%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2080	−0.717%	$33.6M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2110	−0.685%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2557	−0.203%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1888	−0.924%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2838	+0.101%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2848	+0.111%	$645K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1920	−0.890%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2680	−0.070%	$50K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2147	−0.645%	$88K	$418K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2070	−0.728%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2610	−0.146%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2500	−0.264%	$22K	$770K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.2745	long leg	$723K	$4.4M	75x
Phemex UNIUSDT	+0.0100%	8h	9.2640	−0.113%	$28.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2140	−0.652%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2091	−0.705%	$309K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2070	−0.728%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0109%	1h	9.2214	−0.573%	$243K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0111%	1h	9.2641	−0.112%	$593K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2660	−0.092%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0265%	1h	9.2589	−0.169%	$5.2M	$7.6M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2720	−0.027%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2086	−0.710%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0244%	1h	9.2135	−0.657%	$656K	—	120x
Hyperliquid UNI	+0.0547%	1h	9.2192	−0.596%	$100.1M	$61.1M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.2331	−0.446%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0983%	1h	9.2230	−0.556%	$1K	$47K	10x	as long as short