Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against HTX−0.124%7-day average −0.171% · 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−$36as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on HTX 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 4 days (all we have)−0.231%−$23 · spread now −0.124%, 7d avg −0.171%

Together, before fees−0.235%+ Points / potential airdropNado: Active · farm board−$23 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 0.047% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX UNI-USDT	9.0888	0.0100	pay 0.0100% / 8h	4h 03m	$726K	$4.7M	75x
Short	Nado UNI-PERP	9.0775	0.0100	get 0.0012% / 1h	3m 03s	$965K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.171%: $4.65
Slippage, 4 orders: −$21.28
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$35.63
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from HTX: live order book, 1 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 HTX live order book, 1 min ago	7.42 bp	13.8 bp −$14	59.3 bp −$593	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.17 bp	6.8 bp −$7	15.2 bp −$152	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	9.0815	−0.080%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.847%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0848	−0.044%	$453	$5	10x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	9.0775	−0.124%	$965K	$4.4M	10x
Aster UNIUSDT	+0.0100%	8h	9.0838	−0.055%	$818K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0873	−0.017%	$294K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0742	−0.160%	$222.8M	$639.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0710	−0.196%	$101.9M	$111.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0720	−0.185%	$55.3M	$262.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0930	+0.046%	$315K	$650K	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	9.0800	−0.097%	$23.7M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0770	−0.130%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0800	−0.097%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0750	−0.152%	$33.5M	$45.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0780	−0.119%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0849	−0.043%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0449	−0.483%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0520	−0.405%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	−0.394%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0580	−0.339%	$95K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0670	−0.240%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0814	−0.081%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0790	−0.108%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0903	+0.017%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0803	−0.094%	$22K	$792K	10x	as long as short
HTX UNI-USDTlong	+0.0100%	8h	9.0888	long leg	$726K	$4.7M	75x
Phemex UNIUSDT	+0.0100%	8h	9.0810	−0.086%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0828	−0.066%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0682	−0.227%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0820	−0.075%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0182%	1h	9.0873	−0.017%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.0918	+0.033%	$4.6M	$5.9M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0203%	1h	9.0866	−0.024%	$582K	$207K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0840	−0.053%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0890	+0.002%	$952K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0861	−0.030%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0308%	1h	9.0890	+0.002%	$98.4M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0787	−0.111%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0808	−0.088%	$647K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0918%	1h	9.0738	−0.165%	$875	$46K	10x	as long as short