Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.055%

Price spread now: Hyperliquid against HTX+0.315%7-day average −0.027% · you sell dearer than you buy

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

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.416%−$42 · spread now +0.315%, 7d avg −0.027%

Together, before fees−0.243%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 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: Hyperliquid is 0.342% dearer against HTX than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.0040	0.0100	pay 0.0100% / 8h	3h 34m	$704K	$4.9M	75x
Short	Hyperliquid UNI	9.0324	0.0100	get 0.0013% / 1h	34m 33s	$96.3M	$63.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → −0.027%: $34.24
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $13.24
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: HTX: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago. 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, 4 min ago	9.51 bp	16.2 bp −$16	50.8 bp −$508	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.44 bp	doesn't fit	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9929	−0.123%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0371	+0.368%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.932%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	9.0350	+0.344%	$4.6M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0230	+0.211%	$984K	$4.5M	10x	as long as short
Hyperliquid UNIshort	+0.0100%	1h	9.0324	+0.315%	$96.3M	$63.9M	10x
Aster UNIUSDT	+0.0100%	8h	9.0279	+0.265%	$798K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0284	+0.271%	$292K	$607K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0375	+0.372%	$222.9M	$645.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0330	+0.322%	$101.4M	$111.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0230	+0.211%	$55.1M	$262.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0450	+0.455%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0340	+0.333%	$24.0M	$63.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0290	+0.278%	$47.4M	$25.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0310	+0.300%	$13.3M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0240	+0.222%	$33.5M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0300	+0.289%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0037	−0.003%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9719	−0.356%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9930	−0.123%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9729	−0.346%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0010	−0.033%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9800	−0.267%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0349	+0.343%	$86K	$434K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9960	−0.089%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0045	+0.006%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9952	−0.098%	$29K	$817K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.0040	long leg	$704K	$4.9M	75x
Phemex UNIUSDT	+0.0100%	8h	8.9980	−0.067%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0274	+0.260%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0309	+0.299%	$288K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9744	−0.328%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9980	−0.067%	$940K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	−0.078%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0021	−0.021%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0287%	1h	9.0284	+0.271%	$238K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0338%	1h	9.0030	−0.011%	$577K	$208K	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0200	+0.177%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9866	−0.194%	$640K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0850%	1h	8.9893	−0.163%	$964	$45K	10x	as long as short