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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0240%/8h= +26.2% APRnext payment +$2.40 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Phemex+0.179%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$870.865% of the position
Long on PhemexShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.179%, 7d avg +0.102%
Together, before fees−0.110%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.077% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex UNIUSDT8.9430−0.0140get 0.0140% / 8h7h 48m$27.0M$4.4M50x
ShortHTX UNI-USDT8.95900.0100get 0.0100% / 8h7h 48m$710K$4.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$50.31
Price spread: +0.179% → +0.102%
$7.67
Slippage, 4 orders
−$62.5
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$28.52
Costs to cover
0.865%
Break-even
11.0 days
Slippage from Phemex: live order book, 6 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 Phemex live order book, 6 min ago7.85 bp20.1 bp −$2051.9 bp −$519doesn't fitdoesn't fit
Sell HTX live order book, 1 min ago11.79 bp21.0 bp −$2147.4 bp −$474264.2 bp −$26.4Kdoesn'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
Phemex UNIUSDTlong−0.0140%8h8.9430long leg$27.0M$4.4M50x
Kraken Futures PF_UNIUSD−0.0062%1h8.9450+0.022%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.9450+0.023%$77K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.264%$660$153K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0073%1h8.9459+0.032%$593K$273K50xas long as short
Nado UNI-PERP+0.0076%1h8.9367−0.070%$731K$4.7M10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9337−0.104%$26K—20xas long as short
Aster UNIUSDT+0.0100%8h8.9537+0.120%$728K$3.2M50xas long as short
Pacifica UNI+0.0100%1h8.9421−0.010%$290K$568K10xas long as short
Binance UNIUSDT+0.0100%8h8.9510+0.089%$217.8M$652.8M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit UNIUSDT+0.0100%8h8.9490+0.067%$99.3M$110.7M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9490+0.067%$54.8M$263.7M50xas long as short
Arcus UNI-USD+0.0100%1h8.9480+0.056%$324K$701K10xas long as short
Gate UNI_USDT+0.0100%8h8.9450+0.022%$26.7M$62.6M75xas long as short
MEXC UNI_USDT+0.0100%8h8.94300.000%$48.1M$25.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9420−0.011%$13.0M$13.3M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9520+0.101%$33.2M$46.2M75xas long as short
BingX UNI-USDC+0.0100%8h8.9420−0.011%—$6.5M—as long as short
Variational Omni UNI+0.0100%8h8.9300−0.145%$4.1M$4.0M—as long as short
edgeX UNIUSDC+0.0100%4h8.9122−0.345%$168K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9123−0.343%$630K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9160−0.302%$90K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9590+0.179%$14K$3.5M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9440+0.011%$105K$616K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.94300.000%$17K$2.3M10xas long as short
SunX UNI-USDT+0.0100%8h8.9431+0.001%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9382−0.054%$32K$894K10xas long as short
HTX UNI-USDTshort+0.0100%8h8.9590+0.179%$710K$4.7M75x
Extended UNI-USD+0.0104%1h8.9468+0.042%$300K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9400−0.033%$32K—3xas long as short
Hyperliquid UNI+0.0134%1h8.9537+0.120%$95.5M$67.6M10xas long as short
Lighter UNI+0.0136%1h8.9545+0.129%$4.5M$5.4M15xas long as short
01 Exchange UNIUSD+0.0136%1h8.9468+0.042%$446$510xas long as short
Coinbase International UNI-PERP-INTX+0.0208%1h8.9460+0.034%$931K$5.5M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9600+0.190%$10.2M$3.6M75xas long as short
Backpack UNI_USDC_PERP+0.0273%1h8.9503+0.082%$1.1M$2.5M10xas long as short
dYdX UNI-USD+0.0314%1h8.9385−0.050%$235K$31K10xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9455+0.028%$636K—120xas long as short
Reya UNIRUSDPERP+0.0382%1h8.9415−0.017%$16K—20xas long as short
Aftermath Perps UNIUSD+0.0388%1h8.9373−0.064%$1K$52K10xas long as short