Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Backpack against Aster−0.067%7-day average +0.476% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.061%−$6 · spread now −0.067%, 7d avg +0.476%

Together, before fees−0.068%+ Points / potential airdropAster: Stage 5 · farm board−$7 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: Backpack is 0.544% cheaper against Aster than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of +0.476%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.0080	0.0100	pay 0.0100% / 8h	6h 52m	$1.0M	$2.9M	50x
Short	Backpack UNI_USDC_PERP	9.0019	0.0100	get 0.0013% / 1h	52m 09s	$987K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.476%: −$54.36
Slippage, 4 orders: −$15.19
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$87.55
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Backpack: 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 Aster live order book, 1 min ago	2.22 bp	7.9 bp −$8	24.8 bp −$248	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.06 bp	7.0 bp −$7	462.0 bp −$4,620	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 UNIUSDT	−0.0116%	1h	9.0670	+0.655%	$89K	$706K	50x	as long as short
dYdX UNI-USD	0.0000%	1h	9.0004	−0.084%	$237K	$29K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9968	−0.123%	$37K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0019%	1h	9.0001	−0.087%	$582K	$186K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.976%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0048	−0.035%	$449	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0070	−0.011%	$937K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0060	−0.022%	$98.4M	$59.4M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.0080	long leg	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	8.9971	−0.121%	$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	8.9990	−0.100%	$227.2M	$608.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0000	−0.088%	$101.1M	$108.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0010	−0.077%	$55.5M	$254.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0070	−0.011%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9990	−0.100%	$22.9M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0000	−0.088%	$49.9M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0000	−0.088%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9990	−0.100%	$33.0M	$43.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9990	−0.100%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	9.0019	−0.067%	$987K	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	8.9741	−0.376%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0635	+0.616%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9889	−0.212%	$626K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0000	−0.088%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0108	+0.031%	$86K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9940	−0.155%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0137	+0.064%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9955	−0.138%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0077	−0.003%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9990	−0.100%	$27.1M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9924	−0.173%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9912	−0.186%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9928	−0.168%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	−0.033%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0250	+0.189%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0008	−0.080%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9980	−0.111%	$642K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0426%	1h	9.0029	−0.056%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.0125	+0.050%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1050%	1h	9.0315	+0.262%	$990	$48K	10x	as long as short