Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0239%/8h= −26.1% APRpaid last 24h −0.016%

Price spread now: Aster against Kraken Futures−0.037%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 3 days (all we have)−0.161%−$16 · spread now −0.037%, 7d avg +0.030%

Together, before fees−0.276%+ Points / potential airdropAster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	8.9368	0.0339	pay 0.0042% / 1h	12m 02s	$5.0M	$7.0M	50x
Short	Aster UNIUSDT	8.9335	0.0100	get 0.0100% / 8h	1h 12m	$1.0M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$50.13
Price spread: −0.037% → +0.030%: −$6.79
Slippage, 4 orders: −$28.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$103.85
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Aster: live order book, 2 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 Kraken Futures live order book, 2 min ago	2.25 bp	17.1 bp −$17	22.1 bp −$221	44.1 bp −$4,406	doesn't fit
Sell Aster live order book, 2 min ago	1.12 bp	12.8 bp −$13	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
Variational Omni UNI	−0.0045%	8h	8.9174	−0.217%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9333	−0.039%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0008%	8h	8.9220	−0.166%	$101.8M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.195%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0051%	8h	8.9240	−0.143%	$55.2M	$246.5M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9405	+0.041%	$446	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9295	−0.082%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9265	−0.115%	$946K	$4.0M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.9335	−0.037%	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	8.9338	−0.034%	$301K	$577K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9230	−0.154%	$219.5M	$589.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9400	+0.036%	$276K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9270	−0.110%	$23.1M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9250	−0.132%	$43.2M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9240	−0.143%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9270	−0.110%	$32.4M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9240	−0.143%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9306	−0.069%	$992K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.595%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.546%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.569%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9010	−0.401%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9354	−0.016%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9310	−0.065%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9403	+0.039%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9280	−0.099%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9418	+0.056%	$733K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9290	−0.087%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9262	−0.119%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9318	−0.056%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0110%	1h	8.9371	+0.004%	$568K	$157K	50x	as long as short
dYdX UNI-USD	+0.0113%	1h	8.9312	−0.063%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	−0.334%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9360	−0.009%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0339%	1h	8.9368	long leg	$5.0M	$7.0M	50x
Reya UNIRUSDPERP	+0.0362%	1h	8.9335	−0.037%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9325	−0.048%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0410%	1h	8.9371	+0.003%	$98.4M	$59.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0638%	1h	8.9087	−0.314%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0648%	1h	8.9467	+0.111%	$4.6M	$5.2M	15x	as long as short