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

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment $0.13 per $10,000 · paid last 24h +0.028%
Price spread now: Reya against Hyperliquid−0.129%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.129% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid UNI8.97320.0467pay 0.0058% / 1h9m 44s$98.3M$59.5M10x
ShortReya UNIRUSDPERP8.96160.0365get 0.0046% / 1h9m 44s$16K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
−$21.59
Price spread: −0.129% → 0.000%
−$12.89
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
−$49.49
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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, 4 min ago0.61 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective UNI/USDC PERP−0.0049%1h8.8300−1.596%$660$155K12xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h8.9645−0.097%$62K150xas long as short
Variational Omni UNI+0.0082%8h8.9422−0.345%$4.1M$4.4Mas long as short
OKX UNI-USDT-SWAP+0.0085%8h8.9570−0.181%$54.8M$248.9M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0086%1h8.9685−0.053%$577K$177K50xas long as short
Nado UNI-PERP+0.0100%1h8.9642−0.100%$956K$4.2M10xas long as short
Aster UNIUSDT+0.0100%8h8.9710−0.025%$1.0M$3.3M50xas long as short
Pacifica UNI+0.0100%1h8.9624−0.121%$296K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.9632−0.112%$221.9M$591.4M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9570−0.181%$101.3M$105.4M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus UNI-USD+0.0100%1h8.9820+0.098%$270K$614K10xas long as short
Gate UNI_USDT+0.0100%8h8.9610−0.136%$22.8M$59.2M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9610−0.136%$43.7M$24.1M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9620−0.125%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9600−0.147%$32.7M$42.0M75xas long as short
BingX UNI-USDC+0.0100%8h8.9630−0.114%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9691−0.046%$1.1M$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.9828+0.106%$169K$342K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9580−0.170%$630K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9890+0.176%$88K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9520−0.236%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9742+0.011%$85K$366K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9630−0.114%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9780+0.053%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9633−0.110%$21K$676K10xas long as short
HTX UNI-USDT+0.0100%8h8.9860+0.143%$719K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9610−0.136%$27.0M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9564−0.188%$26K20xas long as short
Extended UNI-USD+0.0104%1h8.9598−0.150%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9657−0.084%$32K$1K3xas long as short
01 Exchange UNIUSD+0.0168%1h8.9776+0.049%$44810xas long as short
BloFin UNI-USDT+0.0220%8h8.9480−0.281%$10.0M$3.5M75xas long as short
Coinbase International UNI-PERP-INTX+0.0232%1h8.9720−0.013%$1.1M$5.4M50xas long as short
dYdX UNI-USD+0.0312%1h8.9645−0.097%$248K$6K10xas long as short
Reya UNIRUSDPERPshort+0.0365%1h8.9616−0.129%$16K20x
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0323%1h8.9617−0.128%$567K120xas long as short
Hyperliquid UNIlong+0.0467%1h8.9732long leg$98.3M$59.5M10x
Kraken Futures PF_UNIUSD+0.0564%1h8.9680−0.058%$5.0M$7.0M50xas long as short
Aftermath Perps UNIUSD+0.0864%1h8.9773+0.045%$1K$49K10xas long as short
Lighter UNI+0.0920%1h8.9829+0.108%$4.6M$5.3M15xas long as short