Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0065%/8hpaid last 24h −0.013%

Price spread now: Deribit against HTX−0.057%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.057%, 7d avg −0.080%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.023% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.128%, 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	8.8240	0.0100	pay 0.0100% / 8h	4h 06m	$708K	$4.2M	75x
Short	Deribit UNI_USDC-PERPETUAL	8.8190	0.0165	get 0.0021% / 1h	6m 15s	$548K	$126K	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 −0.057%Rate

Funding earned: $13.65
Price spread: −0.057% → −0.080%: $2.27
Slippage, 4 orders: −$38.97
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.05
Costs to cover: 0.580%
Break-even: 28.6 days

Slippage from HTX: live order book, 2 min ago; Deribit: live order book, 27 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, 2 min ago	6.07 bp	16.1 bp −$16	48.0 bp −$480	346.5 bp −$34.6K	doesn't fit
Sell Deribit live order book, 27 min ago	9.21 bp	12.7 bp −$13	22.9 bp −$229	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
Bybit UNIUSDT	−0.0213%	8h	8.8070	−0.193%	$102.3M	$105.0M	75x	as long as short
Variational Omni UNI	−0.0208%	8h	8.7835	−0.459%	$3.8M	$5.1M	—	as long as short
OKX UNI-USDT-SWAP	−0.0006%	8h	8.8120	−0.136%	$54.7M	$247.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8154	−0.098%	$61K	—	150x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8091	−0.169%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8090	−0.170%	$826K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8200	−0.045%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8123	−0.133%	$297K	$566K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8130	−0.125%	$216.7M	$595.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8180	−0.068%	$271K	$595K	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	8.8120	−0.136%	$22.7M	$59.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8130	−0.125%	$42.5M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8120	−0.136%	$13.5M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8080	−0.181%	$31.9M	$40.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8100	−0.159%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8140	−0.113%	$982K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7946	−0.333%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7941	−0.339%	$611K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7990	−0.283%	$83K	$727K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8000	−0.272%	$85K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8134	−0.120%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8130	−0.125%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8193	−0.053%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8100	−0.159%	$25K	$650K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	8.8240	long leg	$708K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	8.8140	−0.113%	$26.5M	$4.2M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8073	−0.189%	$307K	$1.4M	25x	as long as short
01 Exchange UNIUSD	+0.0104%	1h	8.8227	−0.015%	$440	—	10x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8160	−0.091%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0128%	1h	8.8145	−0.108%	$244K	$5K	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0165%	1h	8.8190	−0.057%	$548K	$126K	50x
Kraken Futures PF_UNIUSD	+0.0166%	1h	8.8160	−0.091%	$5.0M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.7940	−0.340%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.204%	$9.9M	$3.3M	75x	as long as short
Hyperliquid UNI	+0.0279%	1h	8.8235	−0.006%	$95.9M	$60.3M	10x	as long as short
Reya UNIRUSDPERP	+0.0356%	1h	8.8103	−0.156%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0324%	1h	8.8154	−0.098%	$550K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0563%	1h	8.8072	−0.190%	$1K	$52K	10x	as long as short
Lighter UNI	+0.0704%	1h	8.8300	+0.068%	$4.6M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.5000%	1h	9.3200	+5.621%	$16K	$89K	12x	as long as short