Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Arcus against Aster+0.011%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.011%, 7d avg −0.012%

Together, before fees−0.123%+ Points / potential airdropAster: Stage 5 · farm board−$12 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: Arcus is 0.023% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	8.9030	0.0100	pay 0.0100% / 8h	2h 17m	$1.0M	$3.4M	50x
Short	Arcus UNI-USD	8.9040	0.0100	get 0.0013% / 1h	17m 25s	$274K	$612K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.012%: $2.3
Slippage, 4 orders: −$25.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$35.65
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Arcus: 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 Aster live order book, 1 min ago	1.68 bp	7.6 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell Arcus live order book, 6 min ago	3.36 bp	10.6 bp −$11	12.7 bp −$127	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
Variational Omni UNI	−0.0146%	8h	8.9020	−0.011%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0099%	8h	8.9020	−0.011%	$101.4M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9081	+0.058%	$563K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9050	+0.023%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0023%	8h	8.9010	−0.022%	$54.8M	$248.3M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9014	−0.018%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0094%	1h	8.9036	+0.006%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9026	−0.004%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8942	−0.098%	$850K	$4.0M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	8.9030	long leg	$1.0M	$3.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9019	−0.012%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9040	+0.011%	$217.6M	$595.7M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.9040	+0.011%	$274K	$612K	10x
Gate UNI_USDT	+0.0100%	8h	8.9030	0.000%	$23.1M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9030	0.000%	$43.1M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8990	−0.045%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8960	−0.078%	$32.3M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9010	−0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9028	−0.002%	$988K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9121	+0.102%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9060	+0.034%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.068%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9110	+0.090%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9003	−0.030%	$94K	$333K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	−0.011%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9038	+0.009%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9045	+0.017%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9177	+0.165%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9030	0.000%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8937	−0.105%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9047	+0.019%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9140	+0.124%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9150	+0.135%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9110	+0.090%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0295%	1h	8.9119	+0.100%	$97.0M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8983	−0.053%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9056	+0.029%	$558K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0537%	1h	8.9123	+0.105%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9133	+0.116%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.269%	$657	$97K	12x	as long as short