Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0149%/8h= −16.4% APRpaid last 24h +0.172%

Price spread now: Injective against HTX−1.855%7-day average +0.122% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.538%−$54 on $10k

Price spread, last 3 days (all we have)+1.789%+$179 · spread now −1.855%, 7d avg +0.122%

Together, before fees+1.251%+$125 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 1.977% cheaper against HTX than usual: you would sell low and buy high (−$198 if the spread goes back to its 7-day average of +0.122%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	8.9969	0.0100	pay 0.0100% / 8h	26m 58s	$718K	$4.3M	75x
Short	Injective UNI/USDC PERP	8.8300	−0.0049	pay 0.0006% / 1h	26m 58s	$660	$155K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.855%Rate

Funding earned: −$31.39
Price spread: −1.855% → +0.122%: −$197.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$241.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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, 2 min ago	10.33 bp	19.9 bp −$20	58.9 bp −$589	366.0 bp −$36.6K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	−0.0049%	1h	8.8300	−1.855%	$660	$155K	12x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9924	−0.050%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.073%	$4.1M	$4.4M	—	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0084%	1h	8.9983	+0.015%	$579K	$176K	50x	as long as short
Bybit UNIUSDT	+0.0086%	8h	9.0030	+0.068%	$102.2M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0090%	8h	9.0050	+0.090%	$55.1M	$249.6M	50x	as long as short
dYdX UNI-USD	+0.0097%	1h	8.9855	−0.127%	$249K	$6K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9885	−0.093%	$954K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0065	+0.107%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9863	−0.118%	$297K	$593K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0099	+0.144%	$222.9M	$590.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9950	−0.021%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0060	+0.101%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0060	+0.101%	$43.8M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9930	−0.043%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0030	+0.068%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0040	+0.079%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0120	+0.168%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9917	−0.057%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9950	−0.021%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9950	−0.021%	$88K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9950	−0.021%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9924	−0.050%	$85K	$363K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9930	−0.043%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9971	+0.002%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9940	−0.032%	$21K	$676K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.9969	long leg	$718K	$4.3M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0070	+0.112%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9834	−0.150%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0024	+0.061%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9955	−0.016%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9924	−0.050%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9980	+0.012%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9920	−0.054%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9876	−0.103%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9925	−0.049%	$569K	—	120x	as long as short
Hyperliquid UNI	+0.0546%	1h	9.0154	+0.206%	$98.9M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	8.9998	+0.033%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0801%	1h	9.0054	+0.094%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0888%	1h	9.0221	+0.280%	$4.6M	$5.2M	15x	as long as short