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 Phemex+0.183%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)−0.208%−$21 · spread now +0.183%, 7d avg +0.054%

Together, before fees−0.166%+ Points / potential airdropAster: Stage 5 · farm board−$17 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 0.128% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex UNIUSDT	9.0780	0.0100	pay 0.0100% / 8h	6h 08m	$27.4M	$4.5M	50x
Short	Aster UNIUSDT	9.0946	0.0100	get 0.0100% / 8h	6h 08m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → +0.054%: $12.82
Slippage, 4 orders: −$30.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.63
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Aster: live order book, 5 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 Phemex live order book, 6 min ago	6.03 bp	17.7 bp −$18	27.5 bp −$275	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.28 bp	8.7 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit

UNI on 39 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 −0.0004%	1h	9.0901	+0.134%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.732%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1108	+0.361%	$455	$5	10x	as long as short
dYdX UNI-USD	+0.0087%	1h	9.0912	+0.145%	$239K	$30K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1060	+0.308%	$969K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.0946	+0.183%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.0960	+0.198%	$297K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1131	+0.386%	$228.1M	$612.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1090	+0.341%	$102.0M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1020	+0.264%	$56.2M	$255.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1090	+0.341%	$288K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0990	+0.231%	$23.4M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0910	+0.143%	$49.7M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0940	+0.176%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1040	+0.286%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0990	+0.231%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0810	+0.033%	$994K	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1039	+0.285%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0969	+0.208%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1109	+0.362%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	+0.187%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0950	+0.187%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1150	+0.408%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0950	+0.187%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0832	+0.057%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0875	+0.105%	$22K	$728K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.375%	$724K	$4.2M	75x	as long as short
Phemex UNIUSDTlong	+0.0100%	8h	9.0780	long leg	$27.4M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0950	+0.187%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0952	+0.190%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0996	+0.238%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0228%	1h	9.0968	+0.207%	$98.8M	$58.8M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0930	+0.165%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1026	+0.271%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0906	+0.139%	$646K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0422%	1h	9.0920	+0.154%	$5.1M	$6.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0458%	1h	9.1034	+0.279%	$591K	$188K	50x	as long as short
Lighter UNI	+0.0496%	1h	9.1034	+0.280%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0949%	1h	9.1034	+0.280%	$1K	$48K	10x	as long as short