Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.036%

Price spread now: Aster against GMX+0.128%7-day average +0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.195%−$19 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.128%, 7d avg +0.052%

Together, before fees−0.331%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.077% dearer against GMX than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.052%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.0973	L +0.0381% / S −0.0323%	pay 0.0048% / 1h	6m 14s	$575K	—	120x
Short	Aster UNIUSDT	9.1090	0.0100	get 0.0100% / 8h	7h 06m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$59.11
Price spread: +0.128% → +0.052%: $7.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$71.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.73 bp	11.2 bp −$11	20.1 bp −$201	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1013	+0.043%	$588K	$186K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0989	+0.017%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.939%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1089	+0.127%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1070	+0.106%	$977K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.1090	+0.128%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.1286	+0.343%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1001	+0.030%	$231.0M	$600.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0970	−0.004%	$102.5M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0950	−0.026%	$56.2M	$254.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1220	+0.271%	$282K	$617K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0970	−0.004%	$23.2M	$60.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1010	+0.040%	$50.8M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1030	+0.062%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0980	+0.007%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0980	+0.007%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1394	+0.462%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0908	−0.072%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1543	+0.626%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1560	+0.645%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1520	+0.601%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1430	+0.502%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1115	+0.156%	$84K	$388K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1010	+0.040%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1167	+0.213%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1021	+0.052%	$22K	$709K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1232	+0.284%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1070	+0.106%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1119	+0.160%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0962	−0.012%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1016	+0.046%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0198%	1h	9.1304	+0.363%	$245K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1460	+0.535%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1160	+0.205%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1025	+0.057%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0323%	1h	9.0973	long leg	$575K	—	120x
Kraken Futures PF_UNIUSD	+0.0386%	1h	9.1072	+0.108%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0534%	1h	9.1135	+0.178%	$100.3M	$58.4M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.1222	+0.273%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1066%	1h	9.1539	+0.621%	$895	$49K	10x	as long as short