Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Phemex against Aster−0.071%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.071%, 7d avg −0.057%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.0345	0.0100	pay 0.0100% / 8h	42m 48s	$1.0M	$3.3M	50x
Short	Phemex UNIUSDT	9.0280	0.0100	get 0.0100% / 8h	42m 48s	$27.2M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.057%: −$1.41
Slippage, 4 orders: −$46.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$67.78
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Phemex: live order book, 6 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, 6 min ago	2.74 bp	8.0 bp −$8	23.3 bp −$233	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	10.39 bp	21.6 bp −$22	28.3 bp −$283	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	−2.263%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0226	−0.132%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0015%	8h	9.0614	+0.298%	$4.1M	$4.4M	—	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0048%	1h	9.0310	−0.038%	$581K	$175K	50x	as long as short
Bybit UNIUSDT	+0.0061%	8h	9.0410	+0.072%	$103.1M	$104.4M	75x	as long as short
dYdX UNI-USD	+0.0073%	1h	9.0288	−0.062%	$250K	$6K	10x	as long as short
OKX UNI-USDT-SWAP	+0.0086%	8h	9.0410	+0.072%	$55.4M	$250.3M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0260	−0.094%	$955K	$4.2M	10x	as long as short
Aster UNIUSDTlong	+0.0100%	8h	9.0345	long leg	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	9.0354	+0.010%	$300K	$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	9.0382	+0.042%	$223.6M	$588.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0350	+0.006%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0330	−0.016%	$23.1M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0360	+0.017%	$43.5M	$23.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0330	−0.016%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0440	+0.106%	$32.9M	$41.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0350	+0.006%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0499	+0.171%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0440	+0.106%	$630K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0500	+0.172%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0440	+0.106%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0256	−0.098%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0270	−0.083%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0549	+0.226%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0270	−0.083%	$25K	$669K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.061%	$738K	$4.3M	75x	as long as short
Phemex UNIUSDTshort	+0.0100%	8h	9.0280	−0.071%	$27.2M	$4.5M	50x
Paradex UNI-USD-PERP	+0.0100%	8h	9.0207	−0.152%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0284	−0.067%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0270	−0.083%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0156%	1h	9.0303	−0.046%	$1.0M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0190	−0.171%	$10.0M	$3.5M	75x	as long as short
01 Exchange UNIUSD	+0.0232%	1h	9.0302	−0.047%	$451	—	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0430	+0.095%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0181	−0.181%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0230	−0.126%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0323	−0.023%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0735%	1h	9.0561	+0.240%	$99.7M	$59.2M	10x	as long as short
Aftermath Perps UNIUSD	+0.0799%	1h	9.0624	+0.309%	$1K	$49K	10x	as long as short
Lighter UNI	+0.1040%	1h	9.0425	+0.089%	$4.6M	$5.2M	15x	as long as short