Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against Orderly−0.090%7-day average +0.087% · you buy dearer than you sell

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.090%, 7d avg +0.087%

Together, before fees+0.009%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.177% cheaper against Orderly than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_UNI_USDC	9.1320	0.0100	pay 0.0100% / 8h	7h 08m	$16K	$1.7M	10x
Short	Aster UNIUSDT	9.1238	0.0100	get 0.0100% / 8h	7h 08m	$1.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.087%: −$17.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.67
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.18 bp	12.5 bp −$12	21.4 bp −$214	doesn't fit	doesn't fit

Orderly: 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1361	+0.045%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.307%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1235	−0.093%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1237	−0.090%	$980K	$4.3M	10x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	9.1238	−0.090%	$1.0M	$2.9M	50x
Pacifica UNI	+0.0100%	1h	9.1267	−0.058%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1390	+0.077%	$231.9M	$600.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1340	+0.022%	$103.0M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1320	0.000%	$56.3M	$254.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1260	−0.066%	$282K	$617K	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	9.1370	+0.055%	$23.3M	$60.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1390	+0.077%	$47.1M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1350	+0.033%	$13.6M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1380	+0.066%	$33.7M	$42.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1360	+0.044%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1468	+0.162%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1470	+0.164%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1505	+0.202%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1708	+0.425%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.186%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1540	+0.241%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1364	+0.048%	$85K	$388K	10x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.1320	long leg	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.1445	+0.137%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1418	+0.107%	$22K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1740	+0.460%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1520	+0.219%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1125	−0.214%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1369	+0.054%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1386	+0.072%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0198%	1h	9.1345	+0.028%	$245K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1550	+0.252%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1500	+0.197%	$1.1M	$4.8M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0280%	1h	9.1411	+0.100%	$591K	$186K	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1318	−0.002%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1371	+0.056%	$577K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1486	+0.182%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0542%	1h	9.1452	+0.145%	$100.8M	$58.2M	10x	as long as short
Lighter UNI	+0.0968%	1h	9.1536	+0.237%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1048%	1h	9.1661	+0.373%	$925	$49K	10x	as long as short