Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against Arcus+0.111%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.111%, 7d avg +0.011%

Together, before fees−0.033%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.100% dearer against Arcus than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus UNI-USD	9.0460	0.0100	pay 0.0013% / 1h	52m 15s	$279K	$619K	10x
Short	Aster UNIUSDT	9.0561	0.0100	get 0.0100% / 8h	52m 15s	$1.0M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.011%: $10.04
Slippage, 4 orders: −$27.17
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.63
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Arcus: live order book, 26 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 Arcus live order book, 26 min ago	3.93 bp	7.8 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	2.21 bp	13.4 bp −$13	23.8 bp −$238	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−2.388%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−0.428%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0394	−0.073%	$250K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0504	+0.048%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0044%	8h	9.0540	+0.088%	$103.4M	$103.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0077%	8h	9.0550	+0.099%	$55.8M	$248.7M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0355	−0.116%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0390	−0.077%	$958K	$4.1M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.0561	+0.111%	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	9.0390	−0.077%	$301K	$586K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0543	+0.092%	$223.2M	$584.0M	75x	as long as short
Arcus UNI-USDlong	+0.0100%	1h	9.0460	long leg	$279K	$619K	10x
Gate UNI_USDT	+0.0100%	8h	9.0570	+0.122%	$23.3M	$57.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0560	+0.111%	$43.7M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0500	+0.044%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0530	+0.077%	$32.9M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0550	+0.099%	—	$51.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−0.248%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−0.188%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0130	−0.365%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0420	−0.044%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0421	−0.043%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0510	+0.055%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0582	+0.135%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0490	+0.033%	$25K	$657K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0631	+0.189%	$741K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0500	+0.044%	$27.3M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0442	−0.019%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0529	+0.077%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0167%	1h	9.0595	+0.149%	$1.0M	$2.3M	10x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0443	−0.019%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0460	0.000%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0590	+0.144%	$1.1M	$5.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0280%	1h	9.0568	+0.119%	$583K	$175K	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0385	−0.083%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0422	−0.042%	$569K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0559%	1h	9.0553	+0.103%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0716%	1h	9.0191	−0.297%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0864%	1h	9.0725	+0.293%	$100.3M	$58.4M	10x	as long as short
Lighter UNI	+0.0984%	1h	9.0692	+0.256%	$4.6M	$5.1M	15x	as long as short