Funding arb · Price arb /

UNI

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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 Orderly+0.044%7-day average +0.084% · you sell dearer than you buy

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.586%−$59 · spread now +0.044%, 7d avg +0.084%

Together, before fees−0.591%+ Points / potential airdropAster: Stage 5 · farm board−$59 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 0.040% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.2760	0.0100	pay 0.0100% / 8h	5h 19m	$17K	$1.7M	10x
Short	Aster UNIUSDT	9.2801	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 Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee AsterbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.084%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.97
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: 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 Orderly no order-book sample	—	—	—	—	—
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

Orderly: 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/USD	L +0.0004% / S −0.0008%	1h	9.2804	+0.047%	$55K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.808%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	9.3034	+0.295%	$464	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2930	+0.183%	$971K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.2801	+0.044%	$1.1M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.3157	+0.428%	$303K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2907	+0.159%	$231.0M	$614.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2830	+0.075%	$104.1M	$108.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2880	+0.129%	$57.4M	$259.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.3110	+0.377%	$295K	$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	9.2870	+0.119%	$23.2M	$60.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2860	+0.108%	$49.9M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2720	−0.043%	$13.9M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2830	+0.075%	$34.0M	$43.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2870	+0.119%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2888	+0.138%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1888	−0.940%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1904	−0.923%	$173K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2276	−0.522%	$646K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1920	−0.906%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1950	−0.873%	$41K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.3004	+0.263%	$89K	$415K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.2760	long leg	$17K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.2898	+0.149%	$38K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2830	+0.075%	$22K	$770K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2920	+0.172%	$727K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2860	+0.108%	$28.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.3070	+0.334%	$27K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2696	−0.069%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2751	−0.010%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0117%	1h	9.3141	+0.411%	$245K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2830	+0.075%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0264%	1h	9.2893	+0.143%	$5.2M	$7.6M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2910	+0.162%	$1.1M	$5.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2864	+0.112%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2839	+0.086%	$662K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0426%	1h	9.2833	+0.079%	$595K	$193K	50x	as long as short
Hyperliquid UNI	+0.0559%	1h	9.3029	+0.290%	$101.5M	$60.5M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.3011	+0.271%	$4.8M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0928%	1h	9.2037	−0.779%	$1K	$47K	10x	as long as short