Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.032%

Price spread now: dYdX against Aster+0.222%49s7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.885% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.222%, 7d avg −0.077%

Together, before fees−0.133%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.299% dearer against Aster than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.077%): +$30 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.209%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.1120	0.0100	pay 0.0100% / 8h	6h 21m	$1.0M	$2.9M	50x
Short	dYdX UNI-USD	9.1322	0.0018	get 0.0002% / 1h	21m 55s	$240K	$30K	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 +0.222%Rate

Funding earned: −$17.27
Price spread: +0.222% → −0.077%: $29.9
Slippage, 4 orders: −$70.49
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$75.86
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; dYdX: live order book, 47 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, 2 min ago	1.65 bp	8.6 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit
Sell dYdX live order book, 47 min ago	25.60 bp	37.5 bp −$38	146.8 bp −$1,468	218.2 bp −$21.8K	386.6 bp −$193.3K

UNI on 39 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 −0.0004%	1h	9.1107	−0.014%	$19K	—	150x	as long as short
dYdX UNI-USDshort	+0.0018%	1h	9.1322	+0.222%	$240K	$30K	10x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.095%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.1269	+0.164%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1137	+0.019%	$964K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1208	+0.097%	$99.0M	$60.4M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.1120	long leg	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.1315	+0.213%	$299K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0980	−0.154%	$227.4M	$611.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1000	−0.132%	$101.9M	$107.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0990	−0.143%	$56.2M	$255.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1370	+0.274%	$289K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0930	−0.209%	$23.3M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0960	−0.176%	$49.8M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0980	−0.154%	$13.5M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0910	−0.230%	$33.3M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1010	−0.121%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1079	−0.045%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.593%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	−0.731%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0859	−0.286%	$632K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0890	−0.252%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0990	−0.143%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1273	+0.168%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	−0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1299	+0.196%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1093	−0.030%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.198%	$726K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1100	−0.022%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1272	+0.167%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0891	−0.251%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1097	−0.025%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0199%	1h	9.1151	+0.034%	$591K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1190	+0.077%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.1212	+0.101%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1118	−0.003%	$649K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1128	+0.008%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0448%	1h	9.1259	+0.153%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0930%	1h	9.0763	−0.392%	$990	$48K	10x	as long as short