Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.070%

Price spread now: Aster against Reya+0.088%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.088% dearer against Reya than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.9779	0.0374	pay 0.0047% / 1h	32m 25s	$16K	—	20x
Short	Aster UNIUSDT	8.9857	0.0100	get 0.0100% / 8h	3h 32m	$794K	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$57.59
Price spread: +0.088% → 0.000%: $8.77
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$62.82
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 1 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	2.22 bp	13.0 bp −$13	27.5 bp −$275	doesn't fit	doesn't fit

Reya: 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0096	+0.353%	$577K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9814	+0.039%	$37K	—	150x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9810	+0.035%	$448	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.647%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9939	+0.179%	$4.5M	$5.9M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9812	+0.038%	$979K	$4.5M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.9893	+0.127%	$95.8M	$64.0M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.9857	+0.088%	$794K	$3.6M	50x
Pacifica UNI	+0.0100%	1h	8.9854	+0.084%	$291K	$607K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9808	+0.032%	$221.8M	$646.3M	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	8.9780	+0.002%	$100.7M	$111.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9750	−0.032%	$54.9M	$261.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9920	+0.157%	$314K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9810	+0.035%	$23.9M	$63.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9850	+0.080%	$48.2M	$25.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9800	+0.024%	$13.3M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9790	+0.013%	$33.3M	$45.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9810	+0.035%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9928	+0.166%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9719	−0.066%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9750	−0.032%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9978	+0.222%	$625K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0010	+0.258%	$92K	$703K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0340	+0.625%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9838	+0.066%	$86K	$435K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9800	+0.024%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0112	+0.371%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9870	+0.102%	$29K	$817K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.291%	$704K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9890	+0.124%	$27.2M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9806	+0.030%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9770	−0.010%	$286K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9795	+0.018%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9890	+0.124%	$941K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9870	+0.102%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0271%	1h	8.9904	+0.140%	$4.9M	$8.1M	50x	as long as short
dYdX UNI-USD	+0.0274%	1h	8.9865	+0.096%	$237K	$30K	10x	as long as short
Reya UNIRUSDPERPlong	+0.0374%	1h	8.9779	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9819	+0.045%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0831%	1h	8.9936	+0.176%	$953	$45K	10x	as long as short