Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.032%

Price spread now: dYdX against Aster+0.118%7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1541.538% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.118%, 7d avg −0.079%

Together, before fees−0.025%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.197% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.1139	0.0100	pay 0.0100% / 8h	7h 33m	$1.0M	$3.4M	50x
Short	dYdX UNI-USD	9.1246	0.0139	get 0.0017% / 1h	33m 45s	$252K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $8.18
Price spread: +0.118% → −0.079%: $19.69
Slippage, 4 orders: −$135.82
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$125.95
Costs to cover: 1.538%
Break-even: 114.8 days

Slippage from Aster: live order book, 5 min ago; dYdX: live order book, 40 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 Aster live order book, 5 min ago	2.71 bp	7.2 bp −$7	23.0 bp −$230	doesn't fit	doesn't fit
Sell dYdX live order book, 40 min ago	62.45 bp	67.5 bp −$67	176.7 bp −$1,767	337.8 bp −$33.8K	651.6 bp −$325.8K

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	9.1126	−0.014%	$587K	$178K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1143	+0.005%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.115%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1217	+0.086%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1080	−0.065%	$963K	$4.2M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.1139	long leg	$1.0M	$3.4M	50x
Pacifica UNI	+0.0100%	1h	9.1206	+0.074%	$306K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1218	+0.087%	$228.5M	$595.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1170	+0.034%	$102.9M	$106.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1160	+0.023%	$56.1M	$254.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1270	+0.144%	$271K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1060	−0.087%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1180	+0.045%	$44.7M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1090	−0.054%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1110	−0.032%	$33.5M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1120	−0.021%	—	$53.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1098	−0.045%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.331%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.985%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	+0.473%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.605%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1240	+0.111%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1213	+0.081%	$85K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1090	−0.054%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1179	+0.044%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1117	−0.024%	$21K	$701K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1267	+0.141%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	−0.010%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1139	0.000%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1047	−0.101%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1118	−0.023%	$32K	—	3x	as long as short
dYdX UNI-USDshort	+0.0139%	1h	9.1246	+0.118%	$252K	$8K	10x
BloFin UNI-USDT	+0.0220%	8h	9.1130	−0.010%	$10.2M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1270	+0.144%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1088	−0.055%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1133	−0.007%	$577K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0385%	1h	9.1175	+0.040%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0506%	1h	9.1274	+0.148%	$100.5M	$60.2M	10x	as long as short
Lighter UNI	+0.0880%	1h	9.1358	+0.240%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0917%	1h	9.1431	+0.321%	$1K	$49K	10x	as long as short