Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.005%

Price spread now: Aster against ApeX Omni−0.933%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+1.131%+$113 · spread now −0.933%, 7d avg +0.023%

Together, before fees+1.140%+ Points / potential airdropAster: Stage 5 · farm board+$114 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.956% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.933% now, against its 7-day average of +0.023%). If the spread goes back, that is −$96 on $10k: about 15 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.008% in total) that is about years.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% 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	ApeX Omni UNIUSDT	9.0670	−0.0116	get 0.0015% / 1h	55m 04s	$89K	$706K	50x
Short	Aster UNIUSDT	8.9824	0.0100	get 0.0100% / 8h	6h 55m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.933%Rate

Funding earned: $45.44
Price spread: −0.933% → +0.023%: −$95.65
Slippage, 4 orders: −$28.41
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$96.62
Costs to cover: 0.464%
Break-even: 21.9 days

Slippage from ApeX Omni: live order book, 14 min ago; Aster: live order book, 3 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 ApeX Omni live order book, 14 min ago	6.02 bp	13.4 bp −$13	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.65 bp	7.0 bp −$7	18.6 bp −$186	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
ApeX Omni UNIUSDTlong	−0.0116%	1h	9.0670	long leg	$89K	$706K	50x
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9798	−0.962%	$580K	$186K	50x	as long as short
dYdX UNI-USD	+0.0001%	1h	8.9946	−0.799%	$241K	$25K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9827	−0.930%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.614%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9748	−1.017%	$448	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9830	−0.926%	$944K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9878	−0.873%	$98.2M	$59.4M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.9824	−0.933%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	8.9960	−0.783%	$297K	$581K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9860	−0.893%	$226.9M	$605.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9870	−0.882%	$101.1M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9910	−0.838%	$55.5M	$253.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9930	−0.816%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9820	−0.937%	$22.9M	$57.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9830	−0.926%	$49.9M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9880	−0.871%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9900	−0.849%	$32.9M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9800	−0.960%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9802	−0.957%	$990K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9741	−1.024%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0635	−0.039%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0240	−0.474%	$626K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0650	−0.022%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9858	−0.896%	$85K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9770	−0.993%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9814	−0.944%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9760	−1.004%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9976	−0.765%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9850	−0.904%	$27.1M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9904	−0.845%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9719	−1.049%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9783	−0.978%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9860	−0.893%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9920	−0.827%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	8.9843	−0.912%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9810	−0.948%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0427%	1h	8.9836	−0.919%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0536%	1h	8.9933	−0.813%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1059%	1h	9.0602	−0.075%	$984	$49K	10x	as long as short