Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.044%

Price spread now: Hyperliquid against edgeX+0.411%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.411%, 7d avg +0.096%

Together, before fees−0.044%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.316% dearer against edgeX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX UNIUSDC	8.9877	0.0100	pay 0.0050% / 4h	3h 57m	$169K	$342K	20x
Short	Hyperliquid UNI	9.0247	0.0296	get 0.0037% / 1h	57m 15s	$98.8M	$59.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.411%Rate

Funding earned: $41.23
Price spread: +0.411% → +0.096%: $31.55
Slippage, 4 orders: −$10.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $43.89
Costs to cover: 0.289%
Break-even: from the start

Slippage from edgeX: live order book, 16 min ago; Hyperliquid: live order book, 7 min ago.

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 edgeX live order book, 16 min ago	2.79 bp	7.5 bp −$8	16.0 bp −$160	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.33 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

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
01 Exchange UNIUSD	−0.0016%	1h	9.0069	+0.213%	$449	—	10x	as long as short
dYdX UNI-USD	0.0000%	1h	8.9980	+0.115%	$249K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0176	+0.332%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.755%	$660	$154K	12x	as long as short
Phemex UNIUSDT	+0.0052%	8h	9.0150	+0.303%	$27.2M	$4.5M	50x	as long as short
Gate UNI_USDT	+0.0056%	8h	9.0160	+0.315%	$22.9M	$57.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0100	+0.248%	$55.1M	$250.0M	50x	as long as short
Variational Omni UNI	+0.0090%	8h	9.0023	+0.162%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0115	+0.264%	$948K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0235	+0.398%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0016	+0.155%	$299K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0130	+0.281%	$223.1M	$592.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0110	+0.259%	$101.7M	$106.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0100	+0.248%	$270K	$614K	10x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0120	+0.270%	$44.1M	$23.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0170	+0.326%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0080	+0.226%	$33.0M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0170	+0.326%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0166	+0.321%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.9877	long leg	$169K	$342K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0010	+0.148%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0080	+0.226%	$88K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9860	−0.019%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0129	+0.280%	$86K	$372K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0110	+0.259%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0070	+0.214%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0113	+0.262%	$21K	$680K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0219	+0.380%	$723K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9999	+0.135%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0068	+0.212%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0109	+0.258%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0167%	1h	9.0185	+0.342%	$581K	$178K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0140	+0.292%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0190	+0.348%	$1.1M	$5.4M	50x	as long as short
Hyperliquid UNIshort	+0.0296%	1h	9.0247	+0.411%	$98.8M	$59.7M	10x
Reya UNIRUSDPERP	+0.0365%	1h	9.0104	+0.253%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0185	+0.342%	$570K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0389%	1h	9.0199	+0.358%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0680%	1h	9.0318	+0.490%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0863%	1h	8.9956	+0.087%	$1K	$49K	10x	as long as short