Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: Aster against Hyperliquid−0.072%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.072%, 7d avg −0.029%

Together, before fees−0.057%+ Points / potential airdropHyperliquid: Season 2 · 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 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid UNI	9.0049	0.0100	pay 0.0013% / 1h	52m 55s	$98.5M	$59.3M	10x
Short	Aster UNIUSDT	8.9984	0.0100	get 0.0100% / 8h	6h 52m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.029%: −$4.26
Slippage, 4 orders: −$16.11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.38
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Aster: live order book, 6 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 Hyperliquid live order book, 11 min ago	0.44 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.65 bp	7.0 bp −$7	18.6 bp −$186	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
ApeX Omni UNIUSDT	−0.0116%	1h	9.0670	+0.690%	$89K	$706K	50x	as long as short
dYdX UNI-USD	+0.0001%	1h	8.9904	−0.161%	$237K	$29K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0003%	1h	8.9980	−0.077%	$39K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.942%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0022	−0.030%	$449	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9990	−0.066%	$936K	$4.3M	10x	as long as short
Hyperliquid UNIlong	+0.0100%	1h	9.0049	long leg	$98.5M	$59.3M	10x
Aster UNIUSDTshort	+0.0100%	8h	8.9984	−0.072%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	8.9907	−0.157%	$297K	$581K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0016	−0.037%	$227.3M	$607.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9960	−0.099%	$101.1M	$108.1M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9980	−0.077%	$55.5M	$254.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0040	−0.010%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0000	−0.054%	$22.9M	$57.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0040	−0.010%	$50.0M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9990	−0.066%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9980	−0.077%	$33.0M	$43.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0010	−0.043%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9983	−0.073%	$985K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9741	−0.342%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0635	+0.651%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9889	−0.178%	$626K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9830	−0.243%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0046	−0.003%	$86K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9990	−0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0045	−0.004%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9973	−0.084%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0067	+0.020%	$714K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9980	−0.077%	$27.1M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9839	−0.233%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9968	−0.091%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9987	−0.069%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0208%	1h	9.0031	−0.020%	$582K	$186K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	+0.001%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0070	+0.023%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0008	−0.045%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9977	−0.080%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0426%	1h	9.0028	−0.023%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.0138	+0.099%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1057%	1h	9.0383	+0.371%	$991	$49K	10x	as long as short