Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.016%

Price spread now: Coinbase International against Aster+0.130%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.130%, 7d avg −0.063%

Together, before fees−0.268%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.194% dearer against Aster than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	8.9563	0.0100	pay 0.0100% / 8h	11m 29s	$1.0M	$3.3M	50x
Short	Coinbase International UNI-PERP-INTX	8.9680	0.0232	get 0.0029% / 1h	11m 29s	$1.1M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.130%Rate

Funding earned: $27.72
Price spread: +0.130% → −0.063%: $19.38
Slippage, 4 orders: −$31.57
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2.47
Costs to cover: 0.496%
Break-even: 7.6 days

Slippage from Aster: live order book, 2 min ago; Coinbase International: 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, 2 min ago	3.90 bp	9.6 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.67 bp	16.0 bp −$16	21.6 bp −$216	62.9 bp −$6,286	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.411%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9654	+0.101%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0072%	8h	8.9762	+0.222%	$4.1M	$4.4M	—	as long as short
OKX UNI-USDT-SWAP	+0.0088%	8h	8.9450	−0.126%	$54.7M	$248.7M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9515	−0.054%	$961K	$4.2M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	8.9563	long leg	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	8.9512	−0.057%	$296K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9518	−0.050%	$221.8M	$591.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9470	−0.104%	$101.3M	$105.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9610	+0.052%	$269K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	8.9490	−0.082%	$22.8M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9520	−0.048%	$43.6M	$24.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9520	−0.048%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9440	−0.138%	$32.7M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9500	−0.071%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9684	+0.135%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9828	+0.295%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9580	+0.018%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9890	+0.365%	$88K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9890	+0.365%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9528	−0.039%	$85K	$365K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9620	+0.063%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9718	+0.173%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9596	+0.037%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9685	+0.136%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9630	+0.074%	$27.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9462	−0.113%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9463	−0.112%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9639	+0.084%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0144%	1h	8.9697	+0.149%	$577K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	8.9560	−0.004%	$447	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9740	+0.197%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0232%	1h	8.9680	+0.130%	$1.1M	$5.4M	50x
dYdX UNI-USD	+0.0305%	1h	8.9527	−0.040%	$248K	$6K	10x	as long as short
Reya UNIRUSDPERP	+0.0365%	1h	8.9424	−0.156%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9652	+0.099%	$567K	—	120x	as long as short
Hyperliquid UNI	+0.0478%	1h	8.9581	+0.020%	$98.1M	$59.5M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0565%	1h	8.9646	+0.093%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0866%	1h	8.9867	+0.339%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0904%	1h	8.9682	+0.133%	$4.6M	$5.3M	15x	as long as short