Funding you earn now, next payment 00:00 UTC−0.0780%/8h= −85.4% APRnext payment −$0.98 per $10,000 · paid last 24h −0.175%
Price spread now: Nado against Lighter−0.232%7-day average −0.083% · 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−$40as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 3 days (all we have)−0.262%−$26 on $10k
+Price spread, last 7 days+0.199%+$20 · spread now −0.232%, 7d avg −0.083%
=Together, before fees−0.064%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Nado is 0.149% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 9.0189 | 0.0880 | pay 0.0110% / 1h | 59m 52s | $4.6M | $5.3M | 15x |
| Short | Nado UNI-PERP | 8.9980 | 0.0100 | get 0.0012% / 1h | 59m 52s | $947K | $4.2M | 10x |
Lighter UNI
Nado UNI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. 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
- −$163.8
- Price spread: −0.232% → −0.083%
- −$14.91
- Slippage, 4 orders
- −$17.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$203.42
- Costs to cover
- 0.247%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 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 Lighter live order book, 8 min ago | 1.56 bp | 10.3 bp −$10 | 19.5 bp −$195 | 104.0 bp −$10.4K | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.06 bp | 4.0 bp −$4 | 11.0 bp −$110 | 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 | −2.094% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.0024 | −0.183% | $62K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0087% | 8h | 8.9850 | −0.376% | $55.0M | $249.6M | 50x | as long as short |
| Variational Omni UNI | +0.0090% | 8h | 9.0023 | −0.184% | $4.1M | $4.4M | — | as long as short |
| Nado UNI-PERPshort | +0.0100% | 1h | 8.9980 | −0.232% | $947K | $4.2M | 10x | |
| Aster UNIUSDT | +0.0100% | 8h | 8.9985 | −0.226% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.0021 | −0.186% | $298K | $591K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9920 | −0.298% | $222.5M | $592.1M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9860 | −0.365% | $101.6M | $105.8M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.0080 | −0.121% | $270K | $614K | 10x | as long as short |
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
Variational Omni UNI
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 8.9920 | −0.298% | $22.9M | $59.3M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9970 | −0.243% | $44.0M | $24.1M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9960 | −0.254% | $13.6M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9920 | −0.298% | $32.9M | $42.2M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9920 | −0.298% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.0033 | −0.173% | $1.1M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9687 | −0.557% | $169K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9730 | −0.509% | $624K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9730 | −0.509% | $88K | $709K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9850 | −0.376% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.0054 | −0.150% | $85K | $367K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9990 | −0.221% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.0050 | −0.154% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9990 | −0.221% | $21K | $679K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.0090 | −0.110% | $722K | $4.4M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.0040 | −0.165% | $27.2M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.0002 | −0.208% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9902 | −0.318% | $302K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.0023 | −0.184% | $32K | $1K | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0149% | 1h | 9.0052 | −0.152% | $580K | $177K | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0152% | 1h | 9.0037 | −0.169% | $449 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0070 | −0.132% | $10.0M | $3.5M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.0080 | −0.121% | $1.1M | $5.4M | 50x | as long as short |
| dYdX UNI-USD | +0.0279% | 1h | 9.0016 | −0.191% | $249K | $6K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0365% | 1h | 9.0009 | −0.199% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0322% | 1h | 9.0016 | −0.191% | $570K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0408% | 1h | 9.0090 | −0.110% | $98.6M | $59.7M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0562% | 1h | 9.0060 | −0.143% | $5.0M | $7.0M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0874% | 1h | 8.9887 | −0.335% | $1K | $49K | 10x | as long as short |
| Lighter UNIlong | +0.0880% | 1h | 9.0189 | long leg | $4.6M | $5.3M | 15x |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
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
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
01 Exchange UNIUSD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD