Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h +0.025%

Price spread now: dYdX against Aster+0.029%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2512.511% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.029%, 7d avg −0.075%

Together, before fees+0.078%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.104% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.0007	0.0100	pay 0.0100% / 8h	2h 00m	$742K	$3.6M	50x
Short	dYdX UNI-USD	9.0033	0.0138	get 0.0017% / 1h	0m 08s	$237K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $7.93
Price spread: +0.029% → −0.075%: $10.42
Slippage, 4 orders: −$233.14
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$232.79
Costs to cover: 2.511%
Break-even: 212.4 days

Slippage from Aster: live order book, 3 min ago; dYdX: live order book, 49 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, 3 min ago	2.21 bp	9.3 bp −$9	20.2 bp −$202	doesn't fit	doesn't fit
Sell dYdX live order book, 49 min ago	109.64 bp	114.6 bp −$115	114.6 bp −$1,146	151.9 bp −$15.2K	469.4 bp −$234.7K

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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0029	+0.024%	$4.8M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0027	+0.023%	$593K	$247K	50x	as long as short
Nado UNI-PERP	0.0000%	1h	9.0017	+0.012%	$776K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0002	−0.005%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0026	+0.021%	$449	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.896%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0069%	1h	8.9974	−0.036%	$125K	$583K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0095	+0.098%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0002	−0.006%	$26K	—	20x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.0007	long leg	$742K	$3.6M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0058	+0.057%	$290K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9947	−0.067%	$218.2M	$659.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9920	−0.096%	$100.1M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9870	−0.152%	$54.7M	$267.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0090	+0.092%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9880	−0.141%	$24.7M	$67.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9930	−0.085%	$49.6M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0010	+0.003%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9860	−0.163%	$33.0M	$45.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9890	−0.130%	—	$57.3M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9962	−0.050%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0088	+0.091%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0251	+0.271%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0314	+0.341%	$626K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.392%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0250	+0.270%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9980	−0.030%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0071	+0.071%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9970	−0.041%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0098	+0.101%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9980	−0.030%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9948	−0.065%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9993	−0.015%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0138%	1h	9.0033	+0.029%	$237K	$31K	10x
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0070	+0.070%	$939K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	+0.103%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0250%	1h	9.0044	+0.041%	$96.7M	$66.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9967	−0.045%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0014	+0.008%	$640K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0479%	1h	9.0153	+0.162%	$1K	$54K	10x	as long as short