Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0375%/8h= +41.1% APRpaid last 24h +0.052%

Price spread now: Hyperliquid against Gate+0.153%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.153%, 7d avg +0.098%

Together, before fees+0.201%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.056% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	9.0640	0.0100	pay 0.0100% / 8h	4h 50m	$23.0M	$62.2M	75x
Short	Hyperliquid UNI	9.0779	0.0475	get 0.0059% / 1h	50m 22s	$98.6M	$61.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.153%Rate

Funding earned: $78.75
Price spread: +0.153% → +0.098%: $5.56
Slippage, 4 orders: −$22.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $38.28
Costs to cover: 0.460%
Break-even: 3.6 days

Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 3 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 Gate live order book, 4 min ago	1.65 bp	14.7 bp −$15	24.3 bp −$243	41.2 bp −$4,119	65.1 bp −$32.5K
Sell Hyperliquid live order book, 3 min ago	2.58 bp	10.2 bp −$10	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0666	+0.029%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.582%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0722	+0.090%	$453	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	9.0730	+0.099%	$581K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0615	−0.028%	$905K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0660	+0.022%	$1.0M	$3.0M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0677	+0.041%	$296K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0689	+0.054%	$224.6M	$628.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0620	−0.022%	$101.8M	$110.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0590	−0.055%	$55.7M	$256.7M	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	9.0720	+0.088%	$287K	$613K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	9.0640	long leg	$23.0M	$62.2M	75x
MEXC UNI_USDT	+0.0100%	8h	9.0700	+0.066%	$48.6M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0690	+0.055%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0670	+0.033%	$33.4M	$43.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0660	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0797	+0.173%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0589	−0.056%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1122	+0.532%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1180	+0.596%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.530%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0720	+0.088%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0693	+0.058%	$87K	$420K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0600	−0.044%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0745	+0.116%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0690	+0.055%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0832	+0.212%	$715K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0800	+0.177%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0752	+0.123%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0591	−0.054%	$298K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0709	+0.076%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0161%	1h	9.0671	+0.034%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0750	+0.121%	$10.4M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0690	+0.055%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0756	+0.128%	$5.0M	$7.8M	50x	as long as short
Lighter UNI	+0.0336%	1h	9.0728	+0.097%	$4.6M	$5.8M	15x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0632	−0.009%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0656	+0.018%	$646K	—	120x	as long as short
Hyperliquid UNIshort	+0.0475%	1h	9.0779	+0.153%	$98.6M	$61.6M	10x
Aftermath Perps UNIUSD	+0.1078%	1h	9.1080	+0.485%	$1K	$46K	10x	as long as short