Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against Aster+0.054%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Aster Short on Kraken Futures

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)+0.104%+$10 · spread now +0.054%, 7d avg −0.027%

Together, before fees+0.232%+ Points / potential airdropAster: Stage 5 · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.082% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.027%.

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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.1841	0.0100	pay 0.0100% / 8h	7h 31m	$1.1M	$3.4M	50x
Short	Kraken Futures PF_UNIUSD	9.1891	0.0382	get 0.0048% / 1h	31m 57s	$5.1M	$7.0M	50x

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

Position, each leg$Hold fordaysFee AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.054%Rate

Funding earned: $59.25
Price spread: +0.054% → −0.027%: $8.18
Slippage, 4 orders: −$28.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $21.16
Costs to cover: 0.463%
Break-even: 4.5 days

Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 2 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	1.64 bp	10.9 bp −$11	25.5 bp −$255	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.38 bp	15.5 bp −$16	17.7 bp −$177	52.2 bp −$5,224	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	9.1773	−0.075%	$46K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.856%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1279	−0.612%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1550	−0.317%	$963K	$4.3M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.1841	long leg	$1.1M	$3.4M	50x
Pacifica UNI	+0.0100%	1h	9.1351	−0.534%	$307K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1819	−0.024%	$230.0M	$595.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1760	−0.088%	$103.6M	$106.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1770	−0.078%	$56.5M	$256.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1340	−0.546%	$272K	$616K	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	9.1810	−0.034%	$23.2M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1790	−0.056%	$45.0M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1810	−0.034%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1790	−0.056%	$33.7M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1800	−0.045%	—	$53.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1837	−0.005%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	−0.436%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1283	−0.608%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1100	−0.807%	$644K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	−0.165%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1260	−0.633%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1628	−0.232%	$86K	$374K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1820	−0.023%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1868	+0.029%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1810	−0.034%	$21K	$714K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	−0.001%	$728K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1850	+0.010%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1248	−0.646%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1766	−0.082%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1817	−0.027%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0134%	1h	9.1313	−0.576%	$252K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1290	−0.600%	$10.3M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1900	+0.064%	$1.1M	$4.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1565	−0.300%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1760	−0.089%	$580K	—	120x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0382%	1h	9.1891	+0.054%	$5.1M	$7.0M	50x
Deribit UNI_USDC-PERPETUAL	+0.0507%	1h	9.1889	+0.052%	$592K	$178K	50x	as long as short
Hyperliquid UNI	+0.0511%	1h	9.1960	+0.129%	$101.2M	$60.2M	10x	as long as short
Lighter UNI	+0.0912%	1h	9.2007	+0.180%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0921%	1h	9.1523	−0.346%	$950	$49K	10x	as long as short