Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.030%

Price spread now: Coinbase International against HTX−0.072%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.072%, 7d avg −0.105%

Together, before fees−0.148%−$15 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 Coinbase International is 0.033% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.105%. Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.0005	0.0100	pay 0.0100% / 8h	6h 47m	$712K	$4.2M	75x
Short	Coinbase International UNI-PERP-INTX	8.9940	0.0312	get 0.0039% / 1h	47m 29s	$1.1M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: $44.52
Price spread: −0.072% → −0.105%: $3.31
Slippage, 4 orders: −$43.93
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.1
Costs to cover: 0.659%
Break-even: 9.8 days

Slippage from HTX: live order book, 1 min ago; Coinbase International: live order book, 1 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 HTX live order book, 1 min ago	10.33 bp	17.3 bp −$17	58.9 bp −$589	371.5 bp −$37.2K	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.00 bp	11.1 bp −$11	16.4 bp −$164	46.9 bp −$4,689	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
dYdX UNI-USD	0.0000%	1h	8.9846	−0.177%	$237K	$30K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9757	−0.275%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.894%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.9834	−0.190%	$448	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9690	−0.350%	$929K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9820	−0.206%	$98.1M	$59.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9924	−0.090%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9825	−0.200%	$295K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9730	−0.306%	$224.8M	$609.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9730	−0.306%	$100.7M	$107.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9650	−0.394%	$55.4M	$252.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9930	−0.083%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9730	−0.306%	$22.9M	$57.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9780	−0.250%	$49.9M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9790	−0.239%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9730	−0.306%	$32.9M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9740	−0.294%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9984	−0.023%	$987K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9791	−0.238%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9950	−0.061%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9996	−0.010%	$635K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0000	−0.006%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9970	−0.039%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9784	−0.246%	$85K	$408K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9730	−0.306%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9890	−0.128%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9890	−0.128%	$21K	$711K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.0005	long leg	$712K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0020	+0.017%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9846	−0.177%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9797	−0.231%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9890	−0.128%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	−0.072%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0238%	1h	8.9941	−0.071%	$581K	$187K	50x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0312%	1h	8.9940	−0.072%	$1.1M	$4.6M	50x
Reya UNIRUSDPERP	+0.0367%	1h	8.9723	−0.313%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9750	−0.283%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0426%	1h	8.9955	−0.055%	$5.0M	$6.9M	50x	as long as short
Lighter UNI	+0.0456%	1h	8.9955	−0.056%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1026%	1h	9.0067	+0.069%	$883	$49K	10x	as long as short