Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.153%

Price spread now: Injective against Aster−0.433%47s7-day average −0.038% · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.495%−$49 on $10k

Price spread, last 4 days (all we have)+0.489%+$49 · spread now −0.433%, 7d avg −0.038%

Together, before fees−0.005%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.395% cheaper against Aster than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	8.8684	0.0100	pay 0.0100% / 8h	1h 08m	$727K	$3.6M	50x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	8m 30s	$660	$153K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.433%Rate

Funding earned: −$14
Price spread: −0.433% → −0.038%: −$39.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$61.49
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Injective: 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, 5 min ago	1.69 bp	9.7 bp −$10	20.7 bp −$207	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Polymarket Perps UNI-USD	−0.0089%	1h	8.8684	0.000%	$106K	$618K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8649	−0.039%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8727	+0.048%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8801	+0.132%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0005%	1h	8.8735	+0.058%	$585K	$250K	50x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−0.433%	$660	$153K	12x
Nado UNI-PERP	+0.0042%	1h	8.8630	−0.061%	$736K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8762	+0.088%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8606	−0.088%	$25K	—	20x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	8.8684	long leg	$727K	$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	8.8660	−0.027%	$284K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8633	−0.057%	$214.0M	$657.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8610	−0.083%	$98.2M	$111.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8640	−0.050%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8710	+0.029%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8650	−0.038%	$25.1M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8650	−0.038%	$48.5M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8650	−0.038%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8670	−0.016%	$32.4M	$45.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8620	−0.072%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8751	+0.076%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8779	+0.107%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8835	+0.170%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8780	+0.108%	$621K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8820	+0.153%	$89K	$710K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8770	+0.097%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8710	+0.029%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8746	+0.070%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8665	−0.021%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8784	+0.113%	$695K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8700	+0.018%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8595	−0.100%	$292K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8675	−0.010%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0158%	1h	8.8770	+0.097%	$94.4M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8730	+0.052%	$924K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8740	+0.063%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0351%	1h	8.8664	−0.022%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8667	−0.019%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8796	+0.127%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0511%	1h	8.8906	+0.250%	$949	$53K	10x	as long as short