Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.027%

Price spread now: Kraken Futures against Aster−0.102%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.697%+$70 · spread now −0.102%, 7d avg −0.023%

Together, before fees+0.843%+ Points / potential airdropAster: Stage 5 · farm board+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.079% cheaper against Aster than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.023%). If the spread goes back, that is −$8 on $10k: about 37 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.146% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.1310	0.0100	pay 0.0100% / 8h	5h 42m	$1.0M	$2.9M	50x
Short	Kraken Futures PF_UNIUSD	9.1217	0.0269	get 0.0034% / 1h	42m 16s	$5.1M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.102%Rate

Funding earned: $35.48
Price spread: −0.102% → −0.023%: −$7.86
Slippage, 4 orders: −$27.15
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.53
Costs to cover: 0.452%
Break-even: 10.5 days

Slippage from Aster: live order book, 1 min ago; Kraken Futures: 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, 1 min ago	2.73 bp	9.2 bp −$9	21.6 bp −$216	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.29 bp	12.4 bp −$12	16.1 bp −$161	54.4 bp −$5,442	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1187	−0.134%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.296%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1315	+0.005%	$456	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1222	−0.096%	$950K	$4.3M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.1310	long leg	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.1261	−0.054%	$298K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1229	−0.088%	$227.5M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1160	−0.164%	$102.6M	$107.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1120	−0.208%	$56.4M	$253.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1350	+0.044%	$289K	$619K	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	9.1210	−0.110%	$23.5M	$59.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1380	+0.077%	$49.4M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1270	−0.044%	$13.7M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1110	−0.219%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1190	−0.131%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1305	−0.005%	$994K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	−0.538%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0951	−0.393%	$171K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	−0.635%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1080	−0.252%	$89K	$696K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1300	−0.011%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1354	+0.048%	$89K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1140	−0.186%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1373	+0.069%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1173	−0.150%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1307	−0.003%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1200	−0.120%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1230	−0.088%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1111	−0.218%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1156	−0.169%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0159%	1h	9.1248	−0.068%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1290	−0.022%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0269%	1h	9.1217	−0.102%	$5.1M	$7.3M	50x
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1240	−0.077%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1287	−0.026%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1214	−0.105%	$650K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0412%	1h	9.1205	−0.115%	$588K	$191K	50x	as long as short
Hyperliquid UNI	+0.0586%	1h	9.1461	+0.165%	$99.6M	$59.3M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1358	+0.053%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0968%	1h	9.1145	−0.181%	$933	$47K	10x	as long as short