Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: Deribit against Aster−0.384%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.463%+$46 · spread now −0.384%, 7d avg −0.030%

Together, before fees+0.351%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.354% cheaper against Aster than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.0257	0.0100	pay 0.0100% / 8h	6h 32m	$1.0M	$2.9M	50x
Short	Deribit UNI_USDC-PERPETUAL	8.9910	0	get 0.0000% / 1h	32m 32s	$584K	$201K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.384%Rate

Funding earned: −$21
Price spread: −0.384% → −0.030%: −$35.43
Slippage, 4 orders: −$30.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$101.52
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Deribit: live order book, 36 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	8.8 bp −$9	20.9 bp −$209	doesn't fit	doesn't fit
Sell Deribit live order book, 36 min ago	7.29 bp	13.1 bp −$13	23.7 bp −$237	doesn't fit	doesn't fit

UNI on 39 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
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	8.9910	−0.384%	$584K	$201K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9887	−0.410%	$19K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	9.0310	+0.059%	$451	—	10x	as long as short
dYdX UNI-USD	+0.0024%	1h	9.0226	−0.035%	$238K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.168%	$660	$154K	12x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0300	+0.048%	$932K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0401	+0.160%	$98.1M	$60.0M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.0257	long leg	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.0231	−0.028%	$295K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0318	+0.068%	$225.4M	$612.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0280	+0.026%	$101.0M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0300	+0.048%	$55.6M	$254.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0290	+0.037%	$286K	$633K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0240	−0.019%	$23.0M	$58.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0210	−0.052%	$49.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0030	−0.251%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0280	+0.026%	$33.1M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0220	−0.041%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9889	−0.408%	$983K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9961	−0.328%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9955	−0.335%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0031	−0.250%	$631K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0020	−0.262%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9840	−0.462%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0352	+0.105%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9910	−0.384%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9940	−0.351%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9870	−0.429%	$21K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9890	−0.406%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9910	−0.384%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0192	−0.072%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0192	−0.072%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9913	−0.381%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	8.9920	−0.373%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0288	+0.035%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9884	−0.413%	$640K	—	120x	as long as short
Lighter UNI	+0.0408%	1h	9.0391	+0.149%	$4.6M	$5.3M	15x	as long as short
Kraken Futures PF_UNIUSD	+0.0427%	1h	8.9891	−0.405%	$5.0M	$6.9M	50x	as long as short
Aftermath Perps UNIUSD	+0.0963%	1h	8.9913	−0.381%	$1K	$48K	10x	as long as short