Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.179%

Price spread now: Lighter against Aster+0.049%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.312%+$31 on $10k

Price spread, last 7 days+0.173%+$17 · spread now +0.049%, 7d avg +0.058%

Together, before fees+0.485%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	8.8627	0.0100	pay 0.0100% / 8h	59m 14s	$726K	$3.6M	50x
Short	Lighter UNI	8.8671	0.0096	get 0.0012% / 1h	59m 14s	$4.4M	$5.5M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$0.84
Price spread: +0.049% → +0.058%: −$0.84
Slippage, 4 orders: −$21.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.62
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter: live order book, 4 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, 4 min ago	1.13 bp	9.6 bp −$10	21.6 bp −$216	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.03 bp	3.6 bp −$4	14.6 bp −$146	96.8 bp −$9,682	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
Nado UNI-PERP	−0.0317%	1h	8.8585	−0.048%	$736K	$4.7M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8617	−0.012%	$4.7M	$8.6M	50x	as long as short
Polymarket Perps UNI-USD	−0.0071%	1h	8.8580	−0.053%	$106K	$616K	10x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8650	+0.026%	$442	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8597	−0.034%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0005%	1h	8.8624	−0.004%	$584K	$250K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.369%	$660	$153K	12x	as long as short
Lighter UNIshort	+0.0096%	1h	8.8671	+0.049%	$4.4M	$5.5M	15x
Paradex UNI-USD-PERP	+0.0100%	8h	8.8657	+0.034%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8714	+0.097%	$94.4M	$67.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDTlong	+0.0100%	8h	8.8627	long leg	$726K	$3.6M	50x
Pacifica UNI	+0.0100%	1h	8.8690	+0.071%	$284K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8569	−0.066%	$214.0M	$657.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8550	−0.087%	$98.1M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8510	−0.132%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8680	+0.059%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8560	−0.076%	$25.2M	$65.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8600	−0.031%	$48.3M	$26.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8580	−0.053%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8580	−0.053%	$32.5M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8560	−0.076%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8751	+0.140%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8510	−0.133%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8559	−0.077%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8480	−0.166%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8620	−0.008%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8720	+0.105%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8590	−0.042%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8710	+0.093%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8560	−0.076%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8677	+0.056%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8590	−0.042%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8523	−0.118%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8565	−0.070%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8710	+0.093%	$924K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8580	−0.053%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0380%	1h	8.8547	−0.090%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8594	−0.037%	$630K	—	120x	as long as short
dYdX UNI-USD	+0.0389%	1h	8.8654	+0.030%	$233K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0506%	1h	8.8701	+0.083%	$947	$53K	10x	as long as short