Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.021%

Price spread now: Aster against Coinbase International−0.007%7-day average +0.063% · 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−$55as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.007%, 7d avg +0.063%

Together, before fees+0.153%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.069% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.1670	0.0272	pay 0.0034% / 1h	44m 13s	$1.1M	$5.6M	50x
Short	Aster UNIUSDT	9.1664	0.0100	get 0.0100% / 8h	7h 44m	$1.1M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$36.12
Price spread: −0.007% → +0.063%: −$6.94
Slippage, 4 orders: −$30.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.43
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Aster: 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 Coinbase International live order book, 5 min ago	4.41 bp	11.8 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.65 bp	10.8 bp −$11	21.0 bp −$210	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
Phemex UNIUSDT	−0.0643%	8h	9.1500	−0.185%	$27.6M	$4.5M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1492	−0.194%	$589K	$178K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1514	−0.171%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.676%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.1673	+0.003%	$457	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0091%	8h	9.1600	−0.076%	$56.2M	$254.8M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1420	−0.273%	$964K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.1664	−0.007%	$1.1M	$3.4M	50x
Pacifica UNI	+0.0100%	1h	9.1650	−0.022%	$307K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1620	−0.055%	$227.2M	$595.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.1640	−0.033%	$103.4M	$106.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1730	+0.065%	$271K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1500	−0.185%	$23.0M	$57.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1480	−0.207%	$45.3M	$23.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1440	−0.251%	$13.8M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1510	−0.175%	$33.5M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1530	−0.153%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1639	−0.034%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1041	−0.686%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0137	−1.672%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0334	−1.458%	$629K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0540	−1.233%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0980	−0.753%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1585	−0.093%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1510	−0.175%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1587	−0.091%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1565	−0.115%	$27K	$708K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1788	+0.129%	$733K	$4.4M	75x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1617	−0.058%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1476	−0.212%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1517	−0.167%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0158%	1h	9.1566	−0.113%	$252K	$7K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1560	−0.120%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0272%	1h	9.1670	long leg	$1.1M	$5.6M	50x
Reya UNIRUSDPERP	+0.0366%	1h	9.1393	−0.302%	$17K	—	20x	as long as short
Hyperliquid UNI	+0.0375%	1h	9.1560	−0.120%	$100.4M	$60.0M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1513	−0.171%	$580K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0383%	1h	9.1607	−0.069%	$5.1M	$7.0M	50x	as long as short
Lighter UNI	+0.0800%	1h	9.1752	+0.089%	$4.7M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0814%	1h	9.0830	−0.917%	$929	$49K	10x	as long as short