Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.037%

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

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1111.108% of the position

Long on HTX Short on dYdX

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)−0.065%−$7 · spread now −0.057%, 7d avg −0.120%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.063% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.1300	0.0100	pay 0.0100% / 8h	5h 58m	$725K	$4.2M	75x
Short	dYdX UNI-USD	9.1248	0.0361	get 0.0045% / 1h	58m 02s	$240K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $54.81
Price spread: −0.057% → −0.120%: $6.31
Slippage, 4 orders: −$88.81
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$49.69
Costs to cover: 1.108%
Break-even: 13.3 days

Slippage from HTX: live order book, 1 min ago; dYdX: live order book, 6 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, 1 min ago	9.08 bp	18.1 bp −$18	73.6 bp −$736	doesn't fit	doesn't fit
Sell dYdX live order book, 6 min ago	33.44 bp	38.9 bp −$39	129.8 bp −$1,298	217.8 bp −$21.8K	463.1 bp −$231.5K

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	9.1189	−0.122%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.286%	$660	$154K	12x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1261	−0.043%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1276	−0.027%	$298K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1224	−0.084%	$228.9M	$607.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1130	−0.186%	$102.4M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1160	−0.153%	$56.4M	$253.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1300	0.000%	$289K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1150	−0.164%	$23.4M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1170	−0.142%	$49.6M	$24.9M	200x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin UNIUSDTM	+0.0100%	8h	9.1160	−0.153%	$13.7M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1130	−0.186%	$33.4M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1170	−0.142%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1182	−0.129%	$995K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.634%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1882	+0.637%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	+0.480%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1940	+0.701%	$90K	$698K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1690	+0.427%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1271	−0.032%	$89K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1230	−0.077%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1288	−0.013%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1210	−0.099%	$22K	$727K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.1300	long leg	$725K	$4.2M	75x
Phemex UNIUSDT	+0.0100%	8h	9.1200	−0.110%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1269	−0.034%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1146	−0.168%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1250	−0.054%	$32K	—	3x	as long as short
01 Exchange UNIUSD	+0.0176%	1h	9.1250	−0.055%	$455	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0227%	1h	9.1257	−0.048%	$592K	$188K	50x	as long as short
Nado UNI-PERP	+0.0257%	1h	9.1115	−0.203%	$953K	$4.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1234	−0.072%	$5.1M	$7.0M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1280	−0.022%	$1.1M	$4.6M	50x	as long as short
Lighter UNI	+0.0328%	1h	9.1401	+0.111%	$4.8M	$5.5M	15x	as long as short
dYdX UNI-USDshort	+0.0361%	1h	9.1248	−0.057%	$240K	$30K	10x
Reya UNIRUSDPERP	+0.0369%	1h	9.1130	−0.186%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1169	−0.143%	$649K	—	120x	as long as short
Hyperliquid UNI	+0.0489%	1h	9.1296	−0.004%	$99.3M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0922%	1h	9.1550	+0.274%	$1K	$48K	10x	as long as short