Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h −0.037%

Price spread now: HTX against dYdX−0.057%7-day average +0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1011.007% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.057%, 7d avg +0.120%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.177% cheaper against dYdX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.120%). If the spread goes back, that is −$18 on $10k: about 10 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.203%, 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	dYdX UNI-USD	9.1200	0.0043	pay 0.0005% / 1h	16m 40s	$240K	$30K	10x
Short	HTX UNI-USDT	9.1148	0.0100	get 0.0100% / 8h	6h 16m	$721K	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $12.04
Price spread: −0.057% → +0.120%: −$17.71
Slippage, 4 orders: −$78.73
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$106.4
Costs to cover: 1.007%
Break-even: 68.9 days

Slippage from dYdX: live order book, 52 min ago; HTX: live order book, 2 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 dYdX live order book, 52 min ago	25.60 bp	30.9 bp −$31	31.2 bp −$312	93.1 bp −$9,313	321.4 bp −$160.7K
Sell HTX live order book, 2 min ago	5.79 bp	11.8 bp −$12	41.4 bp −$414	doesn't fit	doesn't fit

UNI on 39 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	9.1075	−0.137%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.180%	$660	$154K	12x	as long as short
dYdX UNI-USDlong	+0.0043%	1h	9.1200	long leg	$240K	$30K	10x
01 Exchange UNIUSD	+0.0056%	1h	9.1108	−0.101%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1067	−0.145%	$967K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1399	+0.218%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1226	+0.028%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1110	−0.098%	$227.8M	$611.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1100	−0.110%	$102.0M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1100	−0.110%	$56.4M	$256.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1210	+0.011%	$289K	$639K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1070	−0.143%	$23.3M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1090	−0.121%	$49.8M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1350	+0.164%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1070	−0.143%	$33.4M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1130	−0.077%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1098	−0.112%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1128	−0.079%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1033	−0.183%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1490	+0.318%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1090	−0.121%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1090	−0.121%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1097	−0.113%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1090	−0.121%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1134	−0.072%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1110	−0.099%	$22K	$722K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	9.1148	−0.057%	$721K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.1130	−0.077%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1042	−0.174%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1057	−0.157%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1103	−0.106%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0122%	1h	9.1136	−0.070%	$591K	$188K	50x	as long as short
Hyperliquid UNI	+0.0184%	1h	9.1490	+0.318%	$99.8M	$61.0M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1170	−0.033%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1021	−0.197%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1069	−0.143%	$648K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1127	−0.080%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0504%	1h	9.1251	+0.056%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0940%	1h	9.1084	−0.127%	$1K	$48K	10x	as long as short