Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Phemex against Aster+0.061%52s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.442% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.061%, 7d avg −0.058%

Together, before fees+0.017%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.120% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 52 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	8.7636	0.0100	pay 0.0100% / 8h	1h 50m	$1.0M	$3.4M	50x
Short	Phemex UNIUSDT	8.7690	0.0100	get 0.0100% / 8h	1h 50m	$26.4M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.058%: $11.96
Slippage, 4 orders: −$24.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.19
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Phemex: 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, 3 min ago	1.70 bp	7.7 bp −$8	23.1 bp −$231	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.97 bp	10.0 bp −$10	24.6 bp −$246	doesn't fit	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
Variational Omni UNI	−0.0086%	8h	8.7668	+0.036%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0040%	8h	8.7510	−0.144%	$100.0M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7606	−0.035%	$557K	$158K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7616	−0.023%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0033%	8h	8.7520	−0.133%	$54.1M	$244.3M	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	+0.301%	$657	$96K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.7623	−0.015%	$437	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.7702	+0.075%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.7595	−0.047%	$850K	$4.1M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	8.7636	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	8.7726	+0.102%	$296K	$575K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7555	−0.093%	$214.9M	$597.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7690	+0.061%	$270K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7580	−0.064%	$22.7M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7570	−0.076%	$42.2M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7560	−0.087%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7570	−0.076%	$31.8M	$41.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.7570	−0.076%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7692	+0.064%	$974K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8001	+0.416%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8252	+0.702%	$612K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	+0.461%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7710	+0.084%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7555	−0.093%	$86K	$349K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7530	−0.121%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7616	−0.023%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7580	−0.064%	$24K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7808	+0.196%	$721K	$4.4M	75x	as long as short
Phemex UNIUSDTshort	+0.0100%	8h	8.7690	+0.061%	$26.4M	$4.5M	50x
Extended UNI-USD	+0.0104%	1h	8.7553	−0.094%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7590	−0.053%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0217%	1h	8.7712	+0.087%	$243K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7650	+0.016%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.7650	+0.016%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0344%	1h	8.7668	+0.036%	$95.9M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0345%	1h	8.7633	−0.003%	$4.9M	$7.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7561	−0.086%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7600	−0.042%	$550K	—	120x	as long as short
Lighter UNI	+0.0536%	1h	8.7864	+0.260%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0637%	1h	8.7915	+0.318%	$1K	$50K	10x	as long as short