Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.009%

Price spread now: Deribit against HTX−0.043%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$650.650% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.043%, 7d avg −0.079%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Deribit is 0.037% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.122%, 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	8.9860	0.0100	pay 0.0100% / 8h	24m 38s	$717K	$4.3M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.9822	0.0112	get 0.0014% / 1h	24m 38s	$578K	$176K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $2.52
Price spread: −0.043% → −0.079%: $3.65
Slippage, 4 orders: −$46.03
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$58.86
Costs to cover: 0.650%
Break-even: 170.5 days

Slippage from HTX: live order book, 4 min ago; Deribit: live order book, 54 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, 4 min ago	10.33 bp	19.9 bp −$20	58.9 bp −$589	366.0 bp −$36.6K	doesn't fit
Sell Deribit live order book, 54 min ago	6.97 bp	10.5 bp −$10	19.8 bp −$198	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.736%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9816	−0.049%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0051%	8h	8.9935	+0.083%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0090%	8h	8.9740	−0.134%	$54.9M	$248.9M	50x	as long as short
Bybit UNIUSDT	+0.0091%	8h	8.9720	−0.156%	$101.8M	$105.0M	75x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9740	−0.134%	$953K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9818	−0.047%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9755	−0.117%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9760	−0.111%	$222.1M	$590.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9840	−0.022%	$265K	$632K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.9780	−0.089%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9790	−0.078%	$43.6M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9770	−0.100%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9760	−0.111%	$32.8M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9770	−0.100%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9780	−0.089%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9917	+0.064%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	+0.223%	$632K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	+0.100%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9880	+0.022%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9820	−0.045%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9790	−0.078%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9831	−0.032%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9769	−0.101%	$21K	$676K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.9860	long leg	$717K	$4.3M	75x
Phemex UNIUSDT	+0.0100%	8h	8.9720	−0.156%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9739	−0.135%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9727	−0.148%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9797	−0.070%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0112%	1h	8.9822	−0.043%	$578K	$176K	50x
dYdX UNI-USD	+0.0174%	1h	8.9788	−0.080%	$249K	$6K	10x	as long as short
01 Exchange UNIUSD	+0.0176%	1h	8.9794	−0.073%	$448	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9730	−0.145%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9820	−0.045%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9766	−0.105%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9828	−0.035%	$568K	—	120x	as long as short
Hyperliquid UNI	+0.0519%	1h	8.9847	−0.014%	$98.5M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9825	−0.039%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0802%	1h	8.9995	+0.151%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0880%	1h	8.9942	+0.091%	$4.6M	$5.2M	15x	as long as short