Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Nado against Binance−0.139%48s7-day average +0.020% · 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−$220.217% of the position

Long on Binance 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+0.168%+$17 · spread now −0.139%, 7d avg +0.020%

Together, before fees+0.171%+ Points / potential airdropNado: Active · farm board+$17 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 0.159% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.020%. 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	Binance UNIUSDT	8.8265	0.0100	pay 0.0100% / 8h	1h 42m	$216.8M	$589.3M	75x
Short	Nado UNI-PERP	8.8142	0.0100	get 0.0012% / 1h	42m 45s	$858K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → +0.020%: −$15.93
Slippage, 4 orders: −$4.73
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$37.67
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Nado: live order book, 1 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 Binance live order book, 16 min ago	0.57 bp	6.1 bp −$6	10.4 bp −$104	35.4 bp −$3,537	162.9 bp −$81.4K
Sell Nado live order book, 1 min ago	0.11 bp	4.5 bp −$4	11.5 bp −$115	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
Variational Omni UNI	−0.0078%	8h	8.7827	−0.497%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0030%	8h	8.8230	−0.040%	$100.8M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8249	−0.018%	$79K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.414%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0034%	8h	8.8230	−0.040%	$54.7M	$243.4M	50x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	8.8244	−0.024%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0080%	1h	8.8288	+0.026%	$562K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8231	−0.039%	$25K	—	20x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	8.8142	−0.139%	$858K	$3.9M	10x
Aster UNIUSDT	+0.0100%	8h	8.8416	+0.170%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.8298	+0.037%	$297K	$579K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	8.8265	long leg	$216.8M	$589.3M	75x
Arcus UNI-USD	+0.0100%	1h	8.8330	+0.073%	$272K	$606K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8390	+0.141%	$23.0M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8260	−0.006%	$42.5M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8350	+0.096%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8230	−0.040%	$32.0M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8230	−0.040%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8362	+0.110%	$980K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7992	−0.309%	$165K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8080	−0.210%	$622K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8030	−0.267%	$87K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8160	−0.119%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8242	−0.026%	$87K	$350K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8230	−0.040%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	−0.089%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8247	−0.021%	$25K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8366	+0.114%	$726K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8210	−0.063%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8362	+0.110%	$300K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8240	−0.029%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0147%	1h	8.8258	−0.008%	$244K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8280	+0.017%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8280	+0.017%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0331%	1h	8.8471	+0.233%	$96.8M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8293	+0.031%	$4.9M	$6.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.8235	−0.034%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8236	−0.034%	$552K	—	120x	as long as short
Lighter UNI	+0.0528%	1h	8.8444	+0.203%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0610%	1h	8.8013	−0.286%	$1K	$49K	10x	as long as short