Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.001%

Price spread now: HTX against Polymarket Perps+0.225%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.225%, 7d avg +0.114%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and HTX is 0.111% dearer against Polymarket Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.114%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.8760	−0.0098	get 0.0012% / 1h	11m 42s	$107K	$618K	10x
Short	HTX UNI-USDT	8.8960	0.0100	get 0.0100% / 8h	1h 11m	$696K	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.225%Rate

Funding earned: $41.61
Price spread: +0.225% → +0.114%: $11.09
Slippage, 4 orders: −$19.89
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $12.81
Costs to cover: 0.399%
Break-even: 4.8 days

Slippage from Polymarket Perps: live order book, 31 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 Polymarket Perps live order book, 31 min ago	1.80 bp	5.8 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	7.47 bp	13.8 bp −$14	44.6 bp −$446	305.1 bp −$30.5K	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
Polymarket Perps UNI-USDlong	−0.0098%	1h	8.8760	long leg	$107K	$618K	10x
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8819	+0.066%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.8805	+0.051%	$443	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8864	+0.117%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.518%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0048%	1h	8.8755	−0.006%	$738K	$4.7M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0074%	1h	8.8813	+0.060%	$585K	$250K	50x	as long as short
Lighter UNI	+0.0096%	1h	8.8919	+0.179%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8762	+0.003%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8840	+0.091%	$728K	$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	8.8830	+0.079%	$284K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8790	+0.034%	$214.4M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8720	−0.045%	$98.4M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8730	−0.034%	$53.9M	$264.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8820	+0.068%	$317K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8750	−0.011%	$25.1M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8740	−0.023%	$48.7M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8780	+0.023%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8800	+0.045%	$32.4M	$45.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8750	−0.011%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8816	+0.063%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8909	+0.168%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8877	+0.131%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8858	+0.111%	$622K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8930	+0.192%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8890	+0.146%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8800	+0.045%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8785	+0.028%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8771	+0.012%	$32K	$887K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	8.8960	+0.225%	$696K	$4.8M	75x
Phemex UNIUSDT	+0.0100%	8h	8.8780	+0.023%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8698	−0.070%	$292K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8776	+0.018%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0172%	1h	8.8854	+0.106%	$94.5M	$67.6M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8810	+0.056%	$925K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8850	+0.101%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0335%	1h	8.8823	+0.071%	$234K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8757	−0.004%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8775	+0.017%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0503%	1h	8.9004	+0.274%	$1K	$53K	10x	as long as short