Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against GRVT+0.197%100s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$390.390% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.197%, 7d avg +0.038%

Together, before fees−0.061%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$6 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 0.160% dearer against GRVT than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.038%. 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	GRVT UNI_USDT_Perp	9.2276	0.0100	pay 0.0100% / 8h	5h 19m	$646K	$2.6M	10x
Short	Aster UNIUSDT	9.2458	0.0100	get 0.0100% / 8h	5h 19m	$1.1M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.197%Rate

Funding earned: $0
Price spread: +0.197% → +0.038%: $15.96
Slippage, 4 orders: −$21.96
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 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 GRVT live order book, 4 min ago	4.34 bp	9.9 bp −$10	21.0 bp −$210	3346.7 bp −$334.7K	doesn't fit
Sell Aster live order book, 4 min ago	1.63 bp	8.6 bp −$9	23.1 bp −$231	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0009%	1h	9.2312	+0.039%	$31K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.309%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.2305	+0.031%	$461	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2225	−0.055%	$964K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.2458	+0.197%	$1.1M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.2246	−0.032%	$301K	$567K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2685	+0.444%	$230.5M	$611.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2740	+0.503%	$104.3M	$108.5M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.3070	+0.860%	$57.1M	$259.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2330	+0.058%	$292K	$614K	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	9.2670	+0.427%	$23.8M	$60.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2690	+0.449%	$49.8M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2600	+0.351%	$13.9M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2590	+0.340%	$34.0M	$42.7M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2650	+0.405%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2361	+0.092%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1888	−0.421%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1440	−0.906%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.2276	long leg	$646K	$2.6M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.2060	−0.234%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1950	−0.353%	$41K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2290	+0.015%	$88K	$414K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2300	+0.026%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2281	+0.005%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2335	+0.064%	$22K	$770K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2472	+0.212%	$723K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2250	−0.028%	$27.9M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2227	−0.053%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2561	+0.309%	$307K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2277	+0.001%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0120%	1h	9.2208	−0.074%	$243K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1990	−0.310%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0265%	1h	9.2423	+0.159%	$5.1M	$7.5M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2460	+0.199%	$1.1M	$5.2M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0325%	1h	9.2353	+0.083%	$592K	$193K	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2224	−0.056%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2313	+0.040%	$657K	—	120x	as long as short
Hyperliquid UNI	+0.0553%	1h	9.2524	+0.269%	$100.8M	$60.1M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.2458	+0.197%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0902%	1h	9.1814	−0.501%	$988	$47K	10x	as long as short