Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.034%

Price spread now: Aster against gTrade (Gains Network)−0.242%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.242% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.242% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 8.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	9.1873	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	18m 22s	$39K	—	150x
Short	Aster UNIUSDT	9.1651	0.0100	get 0.0100% / 8h	7h 18m	$1.1M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.242%Rate

Funding earned: $20.14
Price spread: −0.242% → 0.000%: −$24.19
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.06
Costs to cover: 0.180%
Break-even: 14.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.54 bp	10.5 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0004%	1h	9.1873	long leg	$39K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.889%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1742	−0.143%	$458	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1720	−0.167%	$981K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.1651	−0.242%	$1.1M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.1616	−0.280%	$305K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1884	+0.012%	$233.4M	$603.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1920	+0.051%	$103.5M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1910	+0.040%	$56.6M	$258.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1770	−0.113%	$283K	$626K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1840	−0.036%	$23.4M	$60.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1810	−0.069%	$45.9M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1720	−0.167%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1880	+0.007%	$34.0M	$43.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1840	−0.036%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1631	−0.264%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2000	+0.138%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2156	+0.308%	$174K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2149	+0.300%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.258%	$90K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2090	+0.236%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1764	−0.119%	$85K	$385K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1940	+0.072%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2003	+0.141%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1910	+0.040%	$22K	$711K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	−0.036%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1650	−0.243%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1562	−0.339%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1864	−0.011%	$309K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1924	+0.055%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0153%	1h	9.1585	−0.314%	$241K	$20K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0162%	1h	9.1947	+0.080%	$594K	$185K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1690	−0.200%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1780	−0.102%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1733	−0.153%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1847	−0.029%	$580K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0382%	1h	9.1974	+0.109%	$5.1M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0549%	1h	9.1890	+0.018%	$101.2M	$59.9M	10x	as long as short
Lighter UNI	+0.0944%	1h	9.1795	−0.085%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1003%	1h	9.2214	+0.371%	$978	$49K	10x	as long as short