Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.029%

Price spread now: Aster against GMX−0.019%7-day average +0.053% · you buy dearer than you sell

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.195%−$20 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.019%, 7d avg +0.053%

Together, before fees−0.171%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.072% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	8.8873	L +0.0379% / S −0.0319%	pay 0.0047% / 1h	18m 46s	$557K	—	120x
Short	Aster UNIUSDT	8.8856	0.0100	get 0.0100% / 8h	1h 18m	$1.0M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$58.59
Price spread: −0.019% → +0.053%: −$7.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$85.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.81 bp	14.9 bp −$15	27.7 bp −$277	doesn't fit	doesn't fit

GMX: 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
Variational Omni UNI	−0.0051%	8h	8.8824	−0.055%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	+0.0001%	8h	8.8940	+0.075%	$101.4M	$104.6M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8863	−0.011%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.645%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0046%	8h	8.8940	+0.075%	$55.0M	$245.3M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0053%	1h	8.8878	+0.006%	$565K	$157K	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8910	+0.042%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8809	−0.071%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8827	−0.051%	$942K	$4.0M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.8856	−0.019%	$1.0M	$3.3M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8870	−0.003%	$300K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8960	+0.098%	$218.3M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8940	+0.075%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8900	+0.030%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8880	+0.008%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8820	−0.060%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8960	+0.098%	$32.2M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8930	+0.064%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8879	+0.007%	$987K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8861	−0.014%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8866	−0.008%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.015%	$88K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8880	+0.008%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8869	−0.004%	$86K	$354K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8810	−0.071%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8892	+0.021%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8820	−0.060%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8911	+0.043%	$729K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8850	−0.026%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8815	−0.065%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8840	−0.037%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0132%	1h	8.8838	−0.039%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8830	−0.048%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8920	+0.053%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8890	+0.020%	$4.9M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0359%	1h	8.9134	+0.294%	$97.8M	$59.1M	10x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8825	−0.054%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0379% / S −0.0319%	1h	8.8873	long leg	$557K	—	120x
Lighter UNI	+0.0600%	1h	8.9016	+0.161%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0637%	1h	8.8779	−0.105%	$1K	$50K	10x	as long as short