Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.026%

Price spread now: Aster against GMX+0.014%7-day average +0.055% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.191%−$19 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.014%, 7d avg +0.055%

Together, before fees−0.161%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.041% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.8657	L +0.0379% / S −0.0320%	pay 0.0047% / 1h	40m 03s	$556K	—	120x
Short	Aster UNIUSDT	8.8670	0.0100	get 0.0100% / 8h	2h 40m	$1.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$58.68
Price spread: +0.014% → +0.055%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	1.69 bp	11.8 bp −$12	22.5 bp −$225	doesn't fit	doesn't fit

GMX: 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
Variational Omni UNI	−0.0193%	8h	8.8610	−0.053%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0173%	8h	8.8480	−0.200%	$102.3M	$104.4M	75x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8635	−0.025%	$442	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8694	+0.042%	$554K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8662	+0.006%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0010%	8h	8.8460	−0.222%	$54.5M	$245.7M	50x	as long as short
dYdX UNI-USD	+0.0100%	1h	8.8655	−0.002%	$245K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8572	−0.096%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8600	−0.064%	$853K	$3.9M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.8670	+0.014%	$1.0M	$3.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8632	−0.029%	$297K	$559K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8547	−0.124%	$216.8M	$593.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8660	+0.003%	$273K	$611K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8640	−0.019%	$23.0M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8640	−0.019%	$43.0M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8630	−0.031%	$13.8M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8390	−0.301%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8630	−0.031%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8676	+0.021%	$984K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8325	−0.375%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8304	−0.398%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8330	−0.369%	$83K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8660	+0.003%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8653	−0.005%	$87K	$325K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8670	+0.015%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8695	+0.043%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8625	−0.036%	$25K	$661K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8722	+0.073%	$724K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8630	−0.031%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8408	−0.281%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8646	−0.013%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8600	−0.064%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8620	−0.042%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	8.8690	+0.037%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0358%	1h	8.8775	+0.133%	$96.6M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8615	−0.048%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0379% / S −0.0320%	1h	8.8657	long leg	$556K	—	120x
Aftermath Perps UNIUSD	+0.0464%	1h	8.8523	−0.151%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0496%	1h	8.8811	+0.174%	$4.5M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.854%	$657	$97K	12x	as long as short