Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against edgeX−0.113%100s7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$340.337% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.113%, 7d avg +0.073%

Together, before fees+0.252%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$25 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 0.186% cheaper against edgeX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.073%. The two prices were read 100 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	edgeX UNIUSDC	8.8945	0.0100	pay 0.0050% / 4h	2h 43m	$168K	$346K	20x
Short	Aster UNIUSDT	8.8845	0.0100	get 0.0100% / 8h	2h 43m	$755K	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → +0.073%: −$18.61
Slippage, 4 orders: −$16.68
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$52.29
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Aster: live order book, 5 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 edgeX live order book, 5 min ago	2.25 bp	6.7 bp −$7	16.9 bp −$169	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.24 bp	12.9 bp −$13	25.4 bp −$254	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
Nado UNI-PERP	−0.0161%	1h	8.8915	−0.034%	$798K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0080%	1h	8.8928	−0.020%	$444	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8955	+0.011%	$4.8M	$8.4M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8938	−0.009%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0012%	1h	8.8987	+0.047%	$570K	$202K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.726%	$660	$153K	12x	as long as short
dYdX UNI-USD	+0.0076%	1h	8.8932	−0.015%	$234K	$31K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8953	+0.009%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8953	+0.009%	$25K	—	20x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.8845	−0.113%	$755K	$3.6M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8960	+0.016%	$285K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8790	−0.175%	$215.9M	$657.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8770	−0.197%	$99.2M	$112.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8790	−0.175%	$53.8M	$263.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8990	+0.050%	$331K	$686K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8760	−0.208%	$23.5M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8800	−0.163%	$46.7M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8820	−0.141%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8790	−0.175%	$32.7M	$46.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8760	−0.208%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8982	+0.041%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	−0.130%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDClong	+0.0100%	4h	8.8945	long leg	$168K	$346K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8787	−0.178%	$619K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8970	+0.028%	$91K	$705K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8940	−0.006%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8923	−0.025%	$99K	$499K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8950	+0.005%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8948	+0.003%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8930	−0.017%	$22K	$851K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9041	+0.107%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8890	−0.062%	$26.9M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8731	−0.241%	$295K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8924	−0.025%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0147%	1h	8.8968	+0.025%	$94.7M	$66.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8930	−0.017%	$931K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.096%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8907	−0.043%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8921	−0.028%	$633K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0652%	1h	8.8983	+0.043%	$866	$45K	10x	as long as short