Funding you earn now, next payment 00:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h +0.012%
Price spread now: Nado against Deribit−0.248%46s7-day average −0.093% · 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−$360.364% of the position
Funding, last 3 days (all we have)−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.248%, 7d avg −0.093%
=Together, before fees−0.024%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.155% cheaper against Deribit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.093%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.030% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. 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 | Deribit UNI_USDC-PERPETUAL | 9.0399 | 0.0285 | pay 0.0036% / 1h | 54m 37s | $582K | $173K | 50x |
| Short | Nado UNI-PERP | 9.0175 | 0.0100 | get 0.0012% / 1h | 54m 37s | $956K | $4.1M | 10x |
Deribit UNI_USDC-PERPETUAL
Nado UNI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.85
- Price spread: −0.248% → −0.093%
- −$15.53
- Slippage, 4 orders
- −$22.44
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$90.82
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 24 min ago; Nado: live order book, 4 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 Deribit live order book, 24 min ago | 6.97 bp | 17.5 bp −$17 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.17 bp | 4.2 bp −$4 | 12.2 bp −$122 | 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 | −2.322% | $660 | $155K | 12x | as long as short |
| Variational Omni UNI | −0.0010% | 8h | 9.0073 | −0.361% | $4.0M | $4.4M | — | as long as short |
| dYdX UNI-USD | 0.0000% | 1h | 9.0217 | −0.201% | $250K | $6K | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0326 | −0.082% | $63K | — | 150x | as long as short |
| Bybit UNIUSDT | +0.0040% | 8h | 9.0180 | −0.243% | $102.9M | $103.8M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0074% | 8h | 9.0160 | −0.265% | $55.7M | $247.8M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0162 | −0.262% | $26K | — | 20x | as long as short |
| Nado UNI-PERPshort | +0.0100% | 1h | 9.0175 | −0.248% | $956K | $4.1M | 10x | |
| Aster UNIUSDT | +0.0100% | 8h | 9.0280 | −0.132% | $1.1M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0240 | −0.176% | $301K | $586K | 10x | as long as short |
Injective UNI/USDC PERP
Variational Omni UNI
dYdX UNI-USD
gTrade (Gains Network) UNI/USD
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 9.0220 | −0.199% | $222.4M | $585.1M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0300 | −0.110% | $279K | $619K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.0220 | −0.199% | $23.2M | $57.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.0210 | −0.210% | $43.5M | $23.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.0260 | −0.154% | $13.7M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.0200 | −0.221% | $32.8M | $41.2M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 9.0210 | −0.210% | — | $51.8M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0073 | −0.362% | $169K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0062 | −0.373% | $627K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0130 | −0.298% | $89K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0300 | −0.110% | $108K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0338 | −0.068% | $87K | $355K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.0330 | −0.077% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.0391 | −0.009% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.0350 | −0.055% | $25K | $654K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0442 | +0.047% | $740K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0350 | −0.055% | $27.2M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.0178 | −0.245% | $301K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0340 | −0.066% | $32K | $1K | 3x | as long as short |
| Backpack UNI_USDC_PERP | +0.0188% | 1h | 9.0325 | −0.082% | $1.0M | $2.3M | 10x | as long as short |
| 01 Exchange UNIUSD | +0.0216% | 1h | 9.0281 | −0.131% | $451 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0360 | −0.044% | $10.0M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.0390 | −0.011% | $1.1M | $5.4M | 50x | as long as short |
| Deribit UNI_USDC-PERPETUALlong | +0.0285% | 1h | 9.0399 | long leg | $582K | $173K | 50x | |
| Reya UNIRUSDPERP | +0.0363% | 1h | 9.0280 | −0.132% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 9.0331 | −0.076% | $568K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0560% | 1h | 9.0401 | +0.001% | $5.1M | $7.1M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0702% | 1h | 8.9958 | −0.488% | $1K | $49K | 10x | as long as short |
| Hyperliquid UNI | +0.0787% | 1h | 9.0430 | +0.034% | $99.7M | $58.2M | 10x | as long as short |
| Lighter UNI | +0.1048% | 1h | 9.0419 | +0.022% | $4.6M | $5.1M | 15x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Backpack UNI_USDC_PERP
01 Exchange UNIUSD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD
Hyperliquid UNI
Lighter UNI