Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0149%/8h= +16.4% APRpaid last 24h −0.167%

Price spread now: Aster against Injective+3.522%7-day average −0.178% · you sell dearer than you buy

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.532%+$53 on $10k

Price spread, last 3 days (all we have)−3.561%−$356 · spread now +3.522%, 7d avg −0.178%

Together, before fees−3.029%+ Points / potential airdropAster: Stage 5 · farm board−$303 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 3.700% dearer against Injective than usual: you sell high and buy low: +$370 more if the spread goes back to its 7-day average of −0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective UNI/USDC PERP	8.8300	−0.0049	get 0.0006% / 1h	50m 47s	$660	$155K	12x
Short	Aster UNIUSDT	9.1410	0.0100	get 0.0100% / 8h	50m 47s	$1.1M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee AsterbpOrdersPrice spread, now +3.522%Rate

Funding earned: $31.39
Price spread: +3.522% → −0.178%: $369.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $393.34
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	2.21 bp	13.4 bp −$13	23.8 bp −$238	doesn't fit	doesn't fit

Injective: 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
Injective UNI/USDC PERPlong	−0.0049%	1h	8.8300	long leg	$660	$155K	12x
Variational Omni UNI	−0.0010%	8h	9.0073	+2.008%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.1388	+3.497%	$253K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1243	+3.334%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0048%	8h	9.1400	+3.511%	$104.5M	$104.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0080%	8h	9.1410	+3.522%	$56.3M	$251.5M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1090	+3.160%	$970K	$4.1M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.1410	+3.522%	$1.1M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	9.1395	+3.505%	$305K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1356	+3.461%	$225.2M	$586.0M	75x	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	9.1480	+3.601%	$282K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1380	+3.488%	$23.5M	$57.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1440	+3.556%	$44.1M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1380	+3.488%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1400	+3.511%	$33.2M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1410	+3.522%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	+2.192%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	+2.254%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	+2.401%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0410	+2.390%	$70K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1146	+3.223%	$88K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1280	+3.375%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1341	+3.444%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1319	+3.419%	$25K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1314	+3.413%	$745K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1290	+3.386%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1273	+3.367%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1398	+3.508%	$314K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1281	+3.376%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1212	+3.298%	$455	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	+3.398%	$10.0M	$3.5M	75x	as long as short
Backpack UNI_USDC_PERP	+0.0221%	1h	9.1353	+3.458%	$1.0M	$2.3M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1320	+3.420%	$1.1M	$5.5M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.1115	+3.188%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1257	+3.349%	$573K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0554%	1h	9.1373	+3.480%	$5.1M	$7.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0592%	1h	9.1354	+3.459%	$588K	$175K	50x	as long as short
Aftermath Perps UNIUSD	+0.0718%	1h	9.0301	+2.266%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0925%	1h	9.1547	+3.677%	$101.2M	$58.6M	10x	as long as short
Lighter UNI	+0.1000%	1h	9.1550	+3.681%	$4.7M	$5.2M	15x	as long as short