Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.186%

Price spread now: Aster against Lighter+0.205%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.311%−$31 on $10k

Price spread, last 7 days−0.327%−$33 · spread now +0.205%, 7d avg −0.056%

Together, before fees−0.638%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.261% dearer against Lighter than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of −0.056%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter UNI	9.0919	0.0184	pay 0.0023% / 1h	22m 30s	$4.6M	$5.8M	15x
Short	Aster UNIUSDT	9.1105	0.0100	get 0.0100% / 8h	4h 22m	$835K	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.205%Rate

Funding earned: −$17.64
Price spread: +0.205% → −0.056%: $26.13
Slippage, 4 orders: −$22.94
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.45
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Aster: live order book, 1 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 Lighter live order book, 6 min ago	1.60 bp	7.3 bp −$7	16.0 bp −$160	101.3 bp −$10.1K	doesn't fit
Sell Aster live order book, 1 min ago	2.20 bp	8.8 bp −$9	34.4 bp −$344	doesn't fit	doesn't fit

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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.0977	+0.064%	$41K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.881%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1065	+0.161%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1005	+0.095%	$894K	$4.4M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.1105	+0.205%	$835K	$3.5M	50x
Pacifica UNI	+0.0100%	1h	9.0806	−0.124%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0984	+0.071%	$223.8M	$637.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0960	+0.045%	$102.3M	$110.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0980	+0.067%	$55.4M	$261.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1150	+0.254%	$315K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1010	+0.100%	$23.7M	$63.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0980	+0.067%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1060	+0.155%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1020	+0.111%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0960	+0.045%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0878	−0.045%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0398	−0.573%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0620	−0.329%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0350	−0.626%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	−0.208%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0630	−0.318%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1040	+0.133%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0750	−0.186%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0677	−0.266%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0780	−0.153%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.023%	$726K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0830	−0.098%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0825	−0.103%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0999	+0.088%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0824	−0.104%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0128%	1h	9.0783	−0.150%	$239K	$30K	10x	as long as short
Lighter UNIlong	+0.0184%	1h	9.0919	long leg	$4.6M	$5.8M	15x
BloFin UNI-USDT	+0.0220%	8h	9.0770	−0.164%	$10.3M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0223%	1h	9.0792	−0.140%	$582K	$193K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0820	−0.109%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0859	−0.066%	$5.0M	$7.9M	50x	as long as short
Hyperliquid UNI	+0.0363%	1h	9.1077	+0.174%	$98.6M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0956	+0.041%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0970	+0.056%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0989%	1h	9.0679	−0.264%	$914	$46K	10x	as long as short