Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0114%/8h= −12.4% APRnext payment $0.14 per $10,000 · paid last 24h −0.045%
Price spread now: Extended against Hyperliquid−0.278%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$240.245% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.127%−$13 on $10k
Price spread, last 7 days+0.236%+$24 · spread now −0.278%, 7d avg −0.118%
Together, before fees+0.110%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.160% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid UNI9.10650.0218pay 0.0027% / 1h11m 26s$99.0M$61.5M10x
ShortExtended UNI-USD9.08120.0104get 0.0013% / 1h11m 26s$303K$1.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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

Funding earned
−$23.87
Price spread: −0.278% → −0.118%
−$16.02
Slippage, 4 orders
−$10.49
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$64.38
Costs to cover
0.245%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 12 min ago0.33 bp6.3 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago2.85 bp5.6 bp −$68.4 bp −$84doesn't fitdoesn't fit

UNI on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0009%1h9.1074+0.010%$32K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−3.036%$660$154K12xas long as short
01 Exchange UNIUSD+0.0064%1h9.0955−0.121%$454$510xas long as short
dYdX UNI-USD+0.0067%1h9.0928−0.151%$239K$30K10xas long as short
Nado UNI-PERP+0.0100%1h9.0875−0.209%$967K$4.3M10xas long as short
Aster UNIUSDT+0.0100%8h9.0929−0.149%$1.0M$2.9M50xas long as short
Pacifica UNI+0.0100%1h9.0928−0.150%$297K$574K10xas long as short
Binance UNIUSDT+0.0100%8h9.1110+0.049%$227.8M$612.1M75xas long as short
Bybit UNIUSDT+0.0100%8h9.1080+0.016%$102.0M$107.7M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.1080+0.016%$56.3M$256.5M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h9.1010−0.060%$288K$638K10xas long as short
Gate UNI_USDT+0.0100%8h9.0970−0.104%$23.2M$59.2M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0960−0.115%$49.6M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0940−0.137%$13.7M$12.9M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0890−0.192%$33.3M$42.9M75xas long as short
BingX UNI-USDT+0.0100%8h9.1060−0.005%$56.8Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.1105+0.044%$999K$2.4M10xas long as short
Variational Omni UNI+0.0100%8h9.1088+0.025%$4.2M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h9.1135+0.077%$171K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.1163+0.108%$641K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0950−0.126%$89K$700K50xas long as short
StandX UNI-USD+0.0100%1h9.1120+0.060%$56K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0948−0.128%$87K$410K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.1080+0.016%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.1171+0.116%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.1107+0.046%$22K$725K10xas long as short
HTX UNI-USDT+0.0100%8h9.1242+0.194%$722K$4.2M75xas long as short
Phemex UNIUSDT+0.0100%8h9.1050−0.016%$27.5M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0853−0.233%$26K20xas long as short
Extended UNI-USDshort+0.0104%1h9.0812−0.278%$303K$1.5M25x
Aevo UNI-PERP+0.0104%1h9.1115+0.055%$32K3xas long as short
Hyperliquid UNIlong+0.0218%1h9.1065long leg$99.0M$61.5M10x
Deribit UNI_USDC-PERPETUAL+0.0256%1h9.1167+0.112%$592K$188K50xas long as short
Coinbase International UNI-PERP-INTX+0.0312%1h9.1310+0.269%$1.1M$4.8M50xas long as short
Reya UNIRUSDPERP+0.0369%1h9.0906−0.174%$17K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.1041−0.026%$647K120xas long as short
Kraken Futures PF_UNIUSD+0.0421%1h9.1154+0.098%$5.1M$6.9M50xas long as short
Lighter UNI+0.0496%1h9.1072+0.008%$4.7M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0951%1h9.1108+0.047%$1K$48K10xas long as short