Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.159%

Price spread now: HTX against Injective+2.583%65s7-day average +0.036% · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.526%+$53 on $10k

Price spread, last 4 days (all we have)−2.380%−$238 · spread now +2.583%, 7d avg +0.036%

Together, before fees−1.854%−$185 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 2.547% dearer against Injective than usual: you sell high and buy low: +$255 more if the spread goes back to its 7-day average of +0.036%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective UNI/USDC PERP	8.8300	0.0033	pay 0.0004% / 1h	55m 48s	$660	$154K	12x
Short	HTX UNI-USDT	9.0581	0.0100	get 0.0100% / 8h	3h 55m	$724K	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +2.583%Rate

Funding earned: $14
Price spread: +2.583% → +0.036%: $254.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $256.7
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; HTX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	5.67 bp	11.7 bp −$12	42.0 bp −$420	doesn't fit	doesn't fit

Injective: 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.

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	9.0396	+2.374%	$37K	—	150x	as long as short
Injective UNI/USDC PERPlong	+0.0033%	1h	8.8300	long leg	$660	$154K	12x
01 Exchange UNIUSD	+0.0080%	1h	9.0336	+2.306%	$451	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0315	+2.282%	$967K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0452	+2.437%	$97.9M	$62.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0381	+2.356%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0452	+2.437%	$292K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0450	+2.435%	$222.2M	$640.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0440	+2.424%	$101.7M	$111.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0440	+2.424%	$55.0M	$261.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0440	+2.424%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0350	+2.322%	$23.6M	$63.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0450	+2.435%	$47.7M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0360	+2.333%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0320	+2.288%	$33.3M	$45.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0360	+2.333%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0422	+2.403%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0369	+2.343%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0917	+2.964%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0816	+2.849%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1040	+3.103%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0670	+2.684%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0333	+2.302%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0390	+2.367%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0398	+2.376%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0387	+2.364%	$22K	$793K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.0581	+2.583%	$724K	$4.7M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0400	+2.378%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0337	+2.306%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0316	+2.283%	$292K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0383	+2.359%	$32K	—	3x	as long as short
Lighter UNI	+0.0120%	1h	9.0550	+2.548%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0182%	1h	9.0454	+2.439%	$580K	$208K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0400	+2.378%	$946K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	+2.514%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0487	+2.477%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0343%	1h	9.0414	+2.394%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0287	+2.250%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0387	+2.364%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0893%	1h	9.0682	+2.698%	$922	$46K	10x	as long as short