Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0325%/8h= −35.6% APRpaid last 24h −0.027%

Price spread now: Aster against Kraken Futures−0.131%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.131%, 7d avg +0.023%

Together, before fees−0.104%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.154% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% 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	Kraken Futures PF_UNIUSD	9.0212	0.0425	pay 0.0053% / 1h	43m 28s	$5.0M	$6.9M	50x
Short	Aster UNIUSDT	9.0094	0.0100	get 0.0100% / 8h	6h 43m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$68.27
Price spread: −0.131% → +0.023%: −$15.42
Slippage, 4 orders: −$30.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$132.39
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Aster: live order book, 5 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 Kraken Futures live order book, 5 min ago	4.45 bp	14.3 bp −$14	16.6 bp −$166	47.8 bp −$4,779	doesn't fit
Sell Aster live order book, 5 min ago	2.22 bp	11.9 bp −$12	22.6 bp −$226	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0000	−0.235%	$37K	—	150x	as long as short
dYdX UNI-USD	+0.0025%	1h	9.0046	−0.184%	$237K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.119%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.0114	−0.108%	$450	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0020	−0.212%	$934K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0122	−0.099%	$98.0M	$60.0M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.0094	−0.131%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.0032	−0.199%	$295K	$582K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0080	−0.146%	$224.4M	$610.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0050	−0.179%	$100.9M	$107.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0030	−0.201%	$55.5M	$253.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0120	−0.102%	$275K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0030	−0.201%	$23.0M	$58.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0080	−0.146%	$49.7M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0090	−0.135%	$13.4M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0010	−0.224%	$32.9M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9990	−0.246%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0282	+0.078%	$989K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9621	−0.655%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9787	−0.470%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9457	−0.837%	$621K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9780	−0.478%	$88K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9940	−0.301%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0115	−0.107%	$85K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0190	−0.024%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0242	+0.034%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0170	−0.046%	$22K	$715K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0220	+0.009%	$717K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0270	+0.065%	$27.2M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0010	−0.223%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9982	−0.254%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0195	−0.018%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9940	−0.301%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0230	+0.020%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	8.9998	−0.237%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0245%	1h	8.9941	−0.300%	$641K	—	120x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0425%	1h	9.0212	long leg	$5.0M	$6.9M	50x
Lighter UNI	+0.0440%	1h	9.0073	−0.154%	$4.6M	$5.3M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0582%	1h	9.0250	+0.043%	$583K	$187K	50x	as long as short
Aftermath Perps UNIUSD	+0.1000%	1h	8.9999	−0.236%	$948	$49K	10x	as long as short