Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.160%

Price spread now: Injective against HTX−3.476%7-day average +0.007% · 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−0.553%−$55 on $10k

Price spread, last 4 days (all we have)+2.909%+$291 · spread now −3.476%, 7d avg +0.007%

Together, before fees+2.356%+$236 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.483% cheaper against HTX than usual: you would sell low and buy high (−$348 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.1480	0.0100	pay 0.0100% / 8h	5h 33m	$719K	$4.3M	75x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	33m 14s	$660	$154K	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 −3.476%Rate

Funding earned: −$14
Price spread: −3.476% → +0.007%: −$348.3
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: −$374.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 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, 1 min ago	7.24 bp	15.3 bp −$15	68.4 bp −$684	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0008%	1h	9.1285	−0.213%	$28K	—	150x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−3.476%	$660	$154K	12x
01 Exchange UNIUSD	+0.0064%	1h	9.1138	−0.374%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1145	−0.366%	$951K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1343	−0.150%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1110	−0.404%	$297K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1381	−0.108%	$227.5M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1360	−0.131%	$102.7M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1360	−0.131%	$56.3M	$253.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1190	−0.317%	$289K	$614K	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	9.1250	−0.251%	$23.6M	$59.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1340	−0.153%	$49.3M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1370	−0.120%	$13.7M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1450	−0.033%	$33.5M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1440	−0.044%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1455	−0.027%	$993K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1137	−0.375%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1240	−0.263%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1189	−0.318%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1330	−0.164%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0910	−0.623%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1249	−0.253%	$89K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1300	−0.197%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1179	−0.329%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1360	−0.131%	$22K	$760K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.1480	long leg	$719K	$4.3M	75x
Phemex UNIUSDT	+0.0100%	8h	9.1340	−0.153%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1091	−0.426%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1259	−0.241%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1308	−0.188%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	9.1072	−0.446%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1380	−0.109%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1414	−0.072%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1410	−0.077%	$1.1M	$5.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1186	−0.321%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1290	−0.207%	$649K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0425%	1h	9.1377	−0.113%	$587K	$192K	50x	as long as short
Hyperliquid UNI	+0.0523%	1h	9.1363	−0.128%	$99.1M	$59.8M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1525	+0.049%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0963%	1h	9.1028	−0.494%	$923	$47K	10x	as long as short