Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.060%

Price spread now: GMX against Aster−0.100%7-day average −0.055% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.100%, 7d avg −0.055%

Together, before fees+0.128%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.045% cheaper against Aster than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.055%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.071% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	8.8973	0.0100	pay 0.0100% / 8h	2h 15m	$1.0M	$3.4M	50x
Short	GMX UNI/USD [UNI-USDC]	8.8883	L +0.0379% / S −0.0320%	get 0.0040% / 1h	15m 44s	$558K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $46.17
Price spread: −0.100% → −0.055%: −$4.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.62
Costs to cover: 0.200%
Break-even: 3.7 days

Slippage unknown: Aster: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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	1.68 bp	7.6 bp −$8	23.4 bp −$234	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.053%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0098%	8h	8.8930	−0.048%	$101.3M	$106.0M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8928	−0.050%	$562K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8901	−0.080%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0024%	8h	8.8920	−0.059%	$54.7M	$248.0M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.8938	−0.039%	$444	—	10x	as long as short
dYdX UNI-USD	+0.0092%	1h	8.8975	+0.002%	$246K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8861	−0.125%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8920	−0.059%	$850K	$4.0M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	8.8973	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	8.8930	−0.048%	$301K	$563K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8944	−0.032%	$217.4M	$595.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8960	−0.014%	$274K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8940	−0.037%	$23.1M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8940	−0.037%	$43.2M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8930	−0.048%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8940	−0.037%	$32.2M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8910	−0.070%	—	$50.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8953	−0.022%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9121	+0.167%	$168K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9060	+0.098%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9090	+0.132%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9110	+0.154%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8881	−0.103%	$94K	$334K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8850	−0.138%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8938	−0.039%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8890	−0.093%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9034	+0.069%	$723K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8880	−0.104%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8899	−0.083%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8886	−0.097%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9090	+0.132%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	+0.110%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.8960	−0.014%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0301%	1h	8.9087	+0.129%	$97.0M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.8853	−0.135%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0379% / S −0.0320%	1h	8.8883	−0.100%	$558K	—	120x
Aftermath Perps UNIUSD	+0.0540%	1h	8.9080	+0.121%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0576%	1h	8.9133	+0.180%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.206%	$657	$97K	12x	as long as short