Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against HTX−0.120%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.120%, 7d avg −0.134%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	8.9758	0.0100	pay 0.0100% / 8h	2h 19m	$721K	$5.0M	75x
Short	SoDEX UNI-USD	8.9650	0.0100	get 0.0013% / 1h	19m 08s	$32K	$865K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.134%: $1.41
Slippage, 4 orders: −$28.39
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$46.98
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; SoDEX: live order book, 30 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	8.24 bp	15.2 bp −$15	61.7 bp −$617	382.5 bp −$38.2K	doesn't fit
Sell SoDEX live order book, 30 min ago	0.62 bp	8.9 bp −$9	28.5 bp −$285	145.6 bp −$14.6K	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
Nado UNI-PERP	−0.0063%	1h	8.9590	−0.187%	$826K	$4.7M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9702	−0.062%	$4.8M	$8.5M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.9642	−0.129%	$447	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9684	−0.083%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.624%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0095%	1h	8.9615	−0.159%	$111K	$535K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9768	+0.011%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9569	−0.210%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9649	−0.121%	$746K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9584	−0.194%	$287K	$612K	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	8.9620	−0.153%	$218.9M	$660.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9640	−0.131%	$100.2M	$112.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9630	−0.143%	$54.9M	$266.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9670	−0.098%	$320K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9650	−0.120%	$24.5M	$66.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9650	−0.120%	$49.5M	$27.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9660	−0.109%	$13.0M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9610	−0.165%	$32.9M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9660	−0.109%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9727	−0.035%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8719	−1.157%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8793	−1.076%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8591	−1.300%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8460	−1.446%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9230	−0.588%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9620	−0.154%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9638	−0.134%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	8.9650	−0.120%	$32K	$865K	10x
HTX UNI-USDTlong	+0.0100%	8h	8.9758	long leg	$721K	$5.0M	75x
Phemex UNIUSDT	+0.0100%	8h	8.9610	−0.165%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9601	−0.175%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9515	−0.271%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0141%	1h	8.9772	+0.016%	$95.5M	$66.0M	10x	as long as short
dYdX UNI-USD	+0.0184%	1h	8.9552	−0.230%	$236K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9750	−0.009%	$946K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9610	−0.165%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0346%	1h	8.9709	−0.055%	$574K	$202K	50x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9647	−0.123%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9684	−0.082%	$637K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0509%	1h	8.8852	−1.010%	$5K	$50K	10x	as long as short