Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Nado+0.182%7-day average +0.074% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.182%, 7d avg +0.074%

Together, before fees−0.249%+ Points / potential airdropNado: Active · farm board−$25 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: Arcus is 0.108% dearer against Nado than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.0625	0.0100	pay 0.0012% / 1h	1m 55s	$963K	$4.4M	10x
Short	Arcus UNI-USD	9.0790	0.0100	get 0.0013% / 1h	1m 55s	$314K	$650K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.074%: $10.79
Slippage, 4 orders: −$22.53
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.25
Costs to cover: 0.340%
Break-even: 2388171529831121.0 days

Slippage from Nado: live order book, 2 min ago; Arcus: live order book, 57 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 Nado live order book, 2 min ago	0.17 bp	5.1 bp −$5	14.1 bp −$141	doesn't fit	doesn't fit
Sell Arcus live order book, 57 min ago	5.48 bp	8.0 bp −$8	11.3 bp −$113	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	9.0687	+0.069%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.566%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0693	+0.075%	$453	$5	10x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.0625	long leg	$963K	$4.4M	10x
Aster UNIUSDT	+0.0100%	8h	9.0737	+0.124%	$817K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0700	+0.082%	$293K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0670	+0.050%	$222.7M	$639.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0620	−0.006%	$101.7M	$111.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0640	+0.017%	$55.2M	$261.9M	50x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	9.0790	+0.182%	$314K	$650K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0680	+0.061%	$23.6M	$64.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0650	+0.028%	$47.8M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0670	+0.050%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0680	+0.061%	$33.5M	$45.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0670	+0.050%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0748	+0.136%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0449	−0.194%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0520	−0.116%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0530	−0.105%	$641K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0580	−0.050%	$95K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0820	+0.215%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0664	+0.043%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0690	+0.072%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0725	+0.110%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0700	+0.083%	$22K	$792K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0775	+0.166%	$725K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0710	+0.094%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0655	+0.034%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0600	−0.028%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0701	+0.084%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0115%	1h	9.0750	+0.138%	$581K	$207K	50x	as long as short
dYdX UNI-USD	+0.0184%	1h	9.0683	+0.064%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0200%	1h	9.0832	+0.228%	$4.6M	$5.9M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0840	+0.237%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0780	+0.171%	$951K	$5.9M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0741	+0.128%	$5.0M	$8.0M	50x	as long as short
Hyperliquid UNI	+0.0304%	1h	9.0768	+0.158%	$98.3M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0637	+0.013%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0680	+0.061%	$645K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0919%	1h	9.0713	+0.097%	$875	$46K	10x	as long as short