Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against HTX+0.157%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on HTX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.305%−$31 · spread now +0.157%, 7d avg −0.111%

Together, before fees−0.354%+ Points / potential airdropGRVT: Active · farm board−$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.269% dearer against HTX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	8.9890	0.0100	pay 0.0100% / 8h	6h 32m	$714K	$4.2M	75x
Short	GRVT UNI_USDT_Perp	9.0031	0.0100	get 0.0100% / 8h	6h 32m	$631K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → −0.111%: $26.85
Slippage, 4 orders: −$34.72
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$28.87
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; GRVT: live order book, 1 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, 2 min ago	7.67 bp	17.4 bp −$17	72.7 bp −$727	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	3.89 bp	12.6 bp −$13	27.0 bp −$270	doesn't fit	doesn't fit

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0297	+0.453%	$19K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0310	+0.467%	$451	—	10x	as long as short
dYdX UNI-USD	+0.0024%	1h	9.0226	+0.373%	$238K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.769%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0300	+0.456%	$932K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0401	+0.568%	$98.1M	$60.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0289	+0.444%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0231	+0.380%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0310	+0.467%	$225.3M	$612.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0260	+0.412%	$101.0M	$107.6M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0200	+0.345%	$55.7M	$254.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0290	+0.445%	$286K	$633K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0270	+0.423%	$23.1M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0250	+0.400%	$49.5M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0320	+0.478%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0180	+0.323%	$33.0M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0260	+0.412%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9889	−0.001%	$983K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9961	+0.079%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	+0.072%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perpshort	+0.0100%	8h	9.0031	+0.157%	$631K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	+0.145%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	−0.056%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0352	+0.514%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	+0.423%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0320	+0.478%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0232	+0.380%	$22K	$715K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.9890	long leg	$714K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	8.9910	+0.022%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0192	+0.336%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0192	+0.336%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0284	+0.438%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0256%	1h	9.0315	+0.473%	$586K	$201K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0390	+0.556%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0288	+0.443%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0286	+0.440%	$643K	—	120x	as long as short
Lighter UNI	+0.0408%	1h	9.0391	+0.557%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0276	+0.429%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0954%	1h	8.9954	+0.071%	$1K	$48K	10x	as long as short