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

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0356%/8h= −39.0% APRpaid last 24h −0.036%
Price spread now: HTX against Hyperliquid−0.011%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$410.411% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 3 days (all we have)+0.532%+$53 · spread now −0.011%, 7d avg +0.031%
Together, before fees+0.385%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and HTX is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid UNI8.82970.0456pay 0.0057% / 1h52m 57s$95.8M$59.6M10x
ShortHTX UNI-USDT8.82870.0100get 0.0100% / 8h2h 52m$721K$4.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$74.82
Price spread: −0.011% → +0.031%
−$4.28
Slippage, 4 orders
−$20.12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$120.22
Costs to cover
0.411%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; HTX: live order book, 1 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, 11 min ago0.28 bp6.9 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 1 min ago3.40 bp13.0 bp −$1340.4 bp −$404365.6 bp −$36.6Kdoesn't fit

UNI on 40 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
Variational Omni UNI−0.0201%8h8.8015−0.320%$3.9M$4.9Mas long as short
Bybit UNIUSDT−0.0192%8h8.8080−0.246%$102.6M$103.9M75xas long as short
01 Exchange UNIUSD−0.0072%1h8.8233−0.072%$44010xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8251−0.053%$551K$125K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8253−0.050%$79K150xas long as short
OKX UNI-USDT-SWAP+0.0010%8h8.8140−0.178%$54.3M$244.8M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8203−0.106%$25K20xas long as short
Nado UNI-PERP+0.0100%1h8.8170−0.144%$852K$3.9M10xas long as short
Aster UNIUSDT+0.0100%8h8.8266−0.035%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8203−0.107%$297K$559K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8120−0.200%$215.8M$593.8M75xas long as short
Arcus UNI-USD+0.0100%1h8.8350+0.060%$273K$605K10xas long as short
Gate UNI_USDT+0.0100%8h8.8170−0.144%$22.9M$58.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8150−0.166%$42.7M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8160−0.155%$13.7M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8130−0.189%$31.9M$41.0M75xas long as short
BingX UNI-USDT+0.0100%8h8.8100−0.223%$49.7Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8224−0.083%$977K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8265−0.036%$166K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8310+0.015%$619K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8040−0.291%$83K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8180−0.133%$105K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8230−0.076%$87K$335K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8200−0.110%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8258−0.044%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8178−0.135%$28K$659K10xas long as short
HTX UNI-USDTshort+0.0100%8h8.8287−0.011%$721K$4.3M75x
Phemex UNIUSDT+0.0100%8h8.8200−0.110%$26.6M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8126−0.193%$307K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8233−0.072%$31K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8280−0.019%$1.0M$5.3M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8190−0.121%$9.8M$3.3M75xas long as short
Kraken Futures PF_UNIUSD+0.0270%1h8.8250−0.053%$4.9M$7.1M50xas long as short
dYdX UNI-USD+0.0308%1h8.8218−0.089%$244K$5K10xas long as short
Reya UNIRUSDPERP+0.0359%1h8.8184−0.128%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.8240−0.064%$553K120xas long as short
Hyperliquid UNIlong+0.0456%1h8.8297long leg$95.8M$59.6M10x
Lighter UNI+0.0464%1h8.8367+0.079%$4.5M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0501%1h8.8219−0.088%$1K$50K10xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−0.450%$657$97K12xas long as short