Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.021%
Price spread now: Kraken Futures against Aster−0.074%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.462% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.129%+$13 on $10k
Price spread, last 3 days (all we have)+0.232%+$23 · spread now −0.074%, 7d avg −0.027%
Together, before fees+0.361%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.047% cheaper against Aster than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.027%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.129% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster UNIUSDT9.27190.0100pay 0.0100% / 8h7h 28m$1.1M$2.9M50x
ShortKraken Futures PF_UNIUSD9.26510.0379get 0.0047% / 1h28m 01s$5.2M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$58.59
Price spread: −0.074% → −0.027%
−$4.69
Slippage, 4 orders
−$28.21
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$7.7
Costs to cover
0.462%
Break-even
6.1 days
Slippage from Aster: live order book, 6 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 6 min ago1.64 bp10.9 bp −$1125.5 bp −$255doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago4.87 bp14.6 bp −$1518.5 bp −$18553.0 bp −$5,298doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h9.2532−0.202%$50K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−4.766%$660$154K12xas long as short
01 Exchange UNIUSD+0.0080%1h9.2483−0.255%$46110xas long as short
Nado UNI-PERP+0.0100%1h9.2490−0.247%$1.0M$4.3M10xas long as short
Aster UNIUSDTlong+0.0100%8h9.2719long leg$1.1M$2.9M50x
Pacifica UNI+0.0100%1h9.2435−0.307%$308K$586K10xas long as short
Binance UNIUSDT+0.0100%8h9.2782+0.067%$232.9M$596.4M75xas long as short
Bybit UNIUSDT+0.0100%8h9.2760+0.044%$104.6M$107.3M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.2750+0.033%$57.0M$259.8M50xas long as short
Arcus UNI-USD+0.0100%1h9.2570−0.161%$275K$616K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.2740+0.022%$23.5M$59.2M75xas long as short
MEXC UNI_USDT+0.0100%8h9.2730+0.011%$45.5M$23.9M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.2740+0.022%$14.0M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h9.2770+0.055%$34.1M$42.3M75xas long as short
BingX UNI-USDT+0.0100%8h9.2730+0.011%$54.6Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.2710−0.010%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h9.2011−0.764%$4.2M$4.4Mas long as short
edgeX UNIUSDC+0.0100%4h9.1962−0.816%$173K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.2169−0.594%$649K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.1340−1.488%$89K$708K50xas long as short
StandX UNI-USD+0.0100%1h9.2310−0.442%$37K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.2500−0.237%$81K$384K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h9.2570−0.161%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.2619−0.108%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.2577−0.154%$22K$714K10xas long as short
HTX UNI-USDT+0.0100%8h9.2729+0.010%$731K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h9.2750+0.033%$28.0M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.2399−0.345%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.2758+0.041%$310K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h9.2585−0.145%$33K3xas long as short
dYdX UNI-USD+0.0117%1h9.2412−0.331%$243K$20K10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0203%1h9.2611−0.117%$597K$178K50xas long as short
BloFin UNI-USDT+0.0220%8h9.2440−0.301%$10.4M$3.6M75xas long as short
Coinbase International UNI-PERP-INTX+0.0272%1h9.2660−0.064%$1.1M$4.9M50xas long as short
Reya UNIRUSDPERP+0.0366%1h9.2475−0.263%$17K20xas long as short
Kraken Futures PF_UNIUSDshort+0.0379%1h9.2651−0.074%$5.2M$7.0M50x
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0322%1h9.2501−0.235%$585K120xas long as short
Hyperliquid UNI+0.0543%1h9.2894+0.188%$102.4M$60.6M10xas long as short
Aftermath Perps UNIUSD+0.0944%1h9.2005−0.771%$1K$49K10xas long as short
Lighter UNI+0.0984%1h9.2887+0.181%$4.7M$5.3M15xas long as short