Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.014%

Price spread now: Aster against Deribit+0.038%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 3 days (all we have)−0.185%−$19 · spread now +0.038%, 7d avg +0.034%

Together, before fees−0.068%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0122	0.0075	pay 0.0009% / 1h	35m 16s	$580K	$176K	50x
Short	Aster UNIUSDT	9.0156	0.0100	get 0.0100% / 8h	35m 16s	$1.0M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: $5.25
Price spread: +0.038% → +0.034%: $0.43
Slippage, 4 orders: −$32.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.68
Costs to cover: 0.474%
Break-even: 62.6 days

Slippage from Deribit: live order book, 44 min ago; Aster: live order book, 3 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 Deribit live order book, 44 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.32 bp	11.2 bp −$11	21.3 bp −$213	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.022%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0096	−0.028%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0033%	8h	9.0185	+0.070%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0048%	1h	9.0069	−0.058%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0074%	8h	9.0060	−0.069%	$102.9M	$104.4M	75x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0075%	1h	9.0122	long leg	$580K	$176K	50x
OKX UNI-USDT-SWAP	+0.0089%	8h	9.0050	−0.080%	$55.3M	$249.4M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0045	−0.085%	$947K	$4.2M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.0156	+0.038%	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	9.0080	−0.046%	$298K	$591K	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	9.0080	−0.046%	$222.6M	$588.9M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0230	+0.120%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0080	−0.046%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0080	−0.046%	$43.4M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0080	−0.046%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0060	−0.069%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0070	−0.058%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0357	+0.260%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0280	+0.175%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0390	+0.297%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0140	+0.020%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0125	+0.003%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0070	−0.058%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0118	−0.004%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0070	−0.058%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0256	+0.149%	$736K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0100	−0.024%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0018	−0.115%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0026	−0.106%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0080	−0.047%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0126%	1h	9.0198	+0.084%	$1.0M	$2.4M	10x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.0141	+0.021%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	−0.024%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0130	+0.009%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0041	−0.090%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0085	−0.041%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0561%	1h	9.0154	+0.036%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0614%	1h	9.0161	+0.043%	$98.9M	$58.9M	10x	as long as short
Aftermath Perps UNIUSD	+0.0788%	1h	9.0361	+0.266%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0984%	1h	9.0267	+0.161%	$4.6M	$5.2M	15x	as long as short