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% APRpaid last 24h −0.005%

Price spread now: Nado against Aster−0.001%48s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.288% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.001%, 7d avg −0.028%

Together, before fees+0.027%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$3 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: Nado is 0.027% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.028%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.0036	0.0100	pay 0.0100% / 8h	31m 40s	$1.0M	$3.3M	50x
Short	Nado UNI-PERP	9.0035	0.0100	get 0.0012% / 1h	31m 40s	$951K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.028%: $2.73
Slippage, 4 orders: −$13.82
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.09
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago	3.32 bp	8.0 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.05 bp	4.7 bp −$5	14.4 bp −$144	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	−1.928%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9997	−0.043%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0033%	8h	9.0185	+0.165%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0041%	1h	8.9988	−0.053%	$249K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0060%	1h	8.9965	−0.078%	$579K	$176K	50x	as long as short
Bybit UNIUSDT	+0.0079%	8h	8.9950	−0.095%	$102.2M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9930	−0.118%	$55.2M	$249.1M	50x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	9.0035	−0.001%	$951K	$4.2M	10x
Aster UNIUSDTlong	+0.0100%	8h	9.0036	long leg	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	8.9991	−0.049%	$298K	$591K	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	8.9983	−0.059%	$222.5M	$589.6M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0070	+0.038%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0010	−0.029%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9980	−0.062%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9990	−0.051%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9960	−0.084%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9980	−0.062%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9997	−0.043%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0357	+0.356%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0280	+0.271%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0110	+0.082%	$88K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0340	+0.338%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0030	−0.007%	$87K	$361K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9940	−0.106%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0000	−0.040%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9920	−0.129%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0075	+0.043%	$735K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9940	−0.106%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9931	−0.116%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9959	−0.085%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9955	−0.090%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0192%	1h	9.0149	+0.126%	$450	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0200	+0.182%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0030	−0.007%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9966	−0.078%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9988	−0.053%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9967	−0.076%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0573%	1h	9.0088	+0.058%	$98.8M	$59.0M	10x	as long as short
Aftermath Perps UNIUSD	+0.0797%	1h	9.0257	+0.246%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0952%	1h	9.0151	+0.128%	$4.6M	$5.2M	15x	as long as short