Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h −0.063%

Price spread now: HTX against GMX+0.173%7-day average +0.101% · you sell dearer than you buy

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

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.228%−$23 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.173%, 7d avg +0.101%

Together, before fees−0.310%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.072% dearer against GMX than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.101%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.9050	L +0.0381% / S −0.0243%	pay 0.0048% / 1h	16m 40s	$634K	—	120x
Short	HTX UNI-USDT	8.9204	0.0100	get 0.0100% / 8h	1h 16m	$698K	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$58.97
Price spread: +0.173% → +0.101%: $7.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$75.76
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 2 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	8.96 bp	15.7 bp −$16	40.6 bp −$406	301.3 bp −$30.1K	doesn't fit

GMX: 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
Polymarket Perps UNI-USD	−0.0111%	1h	8.8999	−0.057%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9113	+0.071%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.9063	+0.015%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9048	−0.002%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.842%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0060%	1h	8.9025	−0.028%	$739K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9147	+0.109%	$4.5M	$5.7M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	8.9075	+0.028%	$587K	$250K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8997	−0.060%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9075	+0.028%	$730K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9023	−0.030%	$285K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8995	−0.062%	$214.9M	$658.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8950	−0.112%	$98.7M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8950	−0.112%	$54.1M	$265.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9020	−0.033%	$317K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8970	−0.090%	$25.1M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9010	−0.045%	$48.9M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9060	+0.011%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8930	−0.135%	$32.5M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8940	−0.123%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9129	+0.089%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9139	+0.101%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9141	+0.103%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9130	+0.090%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9210	+0.180%	$90K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9210	+0.180%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8990	−0.067%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9077	+0.031%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9068	+0.020%	$32K	$887K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	8.9204	+0.173%	$698K	$4.8M	75x
Phemex UNIUSDT	+0.0100%	8h	8.9080	+0.034%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8904	−0.163%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9051	+0.001%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0190%	1h	8.9164	+0.128%	$94.8M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9070	+0.023%	$928K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8960	−0.101%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0309%	1h	8.8984	−0.074%	$234K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8998	−0.058%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0243%	1h	8.9050	long leg	$634K	—	120x
Aftermath Perps UNIUSD	+0.0498%	1h	8.9209	+0.179%	$1K	$53K	10x	as long as short