Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against Arcus−0.186%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.186%, 7d avg +0.005%

Together, before fees+0.206%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.191% cheaper against Arcus than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.3110	0.0100	pay 0.0013% / 1h	19m 17s	$295K	$614K	10x
Short	Aster UNIUSDT	9.2937	0.0100	get 0.0100% / 8h	5h 19m	$1.1M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now −0.186%Rate

Funding earned: $0
Price spread: −0.186% → +0.005%: −$19.12
Slippage, 4 orders: −$19.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$51
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Arcus: live order book, 44 min ago; Aster: live order book, 4 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 Arcus live order book, 44 min ago	5.98 bp	8.5 bp −$8	15.4 bp −$154	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.63 bp	8.6 bp −$9	23.1 bp −$231	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0008%	1h	9.2804	−0.329%	$55K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−5.166%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.3034	−0.082%	$464	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2930	−0.193%	$971K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.2937	−0.186%	$1.1M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.3157	+0.050%	$303K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2888	−0.239%	$231.0M	$614.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2830	−0.301%	$104.2M	$108.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2850	−0.279%	$57.4M	$259.3M	50x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	9.3110	long leg	$295K	$614K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.2880	−0.247%	$23.2M	$60.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2860	−0.268%	$49.9M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2720	−0.419%	$13.9M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2770	−0.365%	$34.0M	$43.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.2760	−0.376%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2361	−0.804%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1888	−1.312%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1904	−1.295%	$173K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2276	−0.896%	$646K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1920	−1.278%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1950	−1.246%	$41K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.3004	−0.114%	$89K	$415K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2760	−0.376%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2898	−0.228%	$38K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2830	−0.301%	$22K	$770K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2920	−0.204%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2860	−0.268%	$28.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.3070	−0.043%	$27K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2696	−0.445%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2751	−0.386%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	9.3141	+0.034%	$245K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2830	−0.301%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0264%	1h	9.2893	−0.233%	$5.2M	$7.6M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2910	−0.215%	$1.1M	$5.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2864	−0.264%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2839	−0.291%	$662K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0426%	1h	9.2833	−0.297%	$595K	$193K	50x	as long as short
Hyperliquid UNI	+0.0558%	1h	9.3103	−0.008%	$101.8M	$60.4M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.3011	−0.106%	$4.8M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0928%	1h	9.2037	−1.152%	$1K	$47K	10x	as long as short