Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Aster against Backpack+0.024%45s7-day average −0.476% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$330.332% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.104%+$10 · spread now +0.024%, 7d avg −0.476%

Together, before fees+0.112%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: Aster is 0.500% dearer against Backpack than usual: you sell high and buy low, +$50 on $10k if it goes back to its 7-day average of −0.476%. The two prices were read 45 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	Backpack UNI_USDC_PERP	8.9983	0.0100	pay 0.0013% / 1h	52m 25s	$985K	$2.4M	10x
Short	Aster UNIUSDT	9.0004	0.0100	get 0.0100% / 8h	6h 52m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → −0.476%: $49.98
Slippage, 4 orders: −$15.19
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $16.79
Costs to cover: 0.332%
Break-even: from the start

Slippage from Backpack: live order book, 2 min ago; Aster: live order book, 1 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 Backpack live order book, 2 min ago	0.06 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	2.22 bp	12.6 bp −$13	19.1 bp −$191	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
ApeX Omni UNIUSDT	−0.0116%	1h	9.0670	+0.763%	$89K	$706K	50x	as long as short
dYdX UNI-USD	0.0000%	1h	9.0004	+0.023%	$237K	$29K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9968	−0.016%	$37K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0019%	1h	9.0001	+0.020%	$582K	$186K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.870%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0048	+0.072%	$449	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0070	+0.097%	$937K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0145	+0.180%	$98.5M	$59.4M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.0004	+0.024%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	8.9971	−0.014%	$297K	$581K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9974	−0.010%	$227.2M	$608.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9920	−0.070%	$101.0M	$108.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9910	−0.081%	$55.5M	$253.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0070	+0.097%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0020	+0.041%	$23.0M	$57.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0050	+0.074%	$50.0M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0120	+0.152%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9940	−0.048%	$32.9M	$43.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9970	−0.014%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERPlong	+0.0100%	1h	8.9983	long leg	$985K	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	8.9741	−0.269%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0635	+0.725%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9889	−0.105%	$626K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0000	+0.019%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0108	+0.139%	$86K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9940	−0.048%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0137	+0.171%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9955	−0.031%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0067	+0.093%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9980	−0.003%	$27.1M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9924	−0.066%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9912	−0.079%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9928	−0.061%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	+0.074%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0250	+0.297%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0008	+0.028%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9980	−0.004%	$642K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0426%	1h	9.0029	+0.052%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0512%	1h	9.0107	+0.138%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1050%	1h	9.0315	+0.369%	$990	$48K	10x	as long as short