Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against Nado−0.029%7-day average +0.028% · 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−$34as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Nado Short on Aster

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 days0.000%$0 · spread now −0.029%, 7d avg +0.028%

Together, before fees+0.004%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board$0 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: Aster is 0.058% cheaper against Nado than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.0290	0.0100	pay 0.0012% / 1h	33m 11s	$954K	$4.2M	10x
Short	Aster UNIUSDT	9.0263	0.0100	get 0.0100% / 8h	33m 11s	$1.0M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.028%: −$5.77
Slippage, 4 orders: −$13.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.99
Costs to cover: 0.282%
Break-even: 3492019489930327.0 days

Slippage from Nado: live order book, 1 min ago; Aster: live order book, 5 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, 1 min ago	0.05 bp	4.1 bp −$4	11.1 bp −$111	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.32 bp	11.2 bp −$11	21.3 bp −$213	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	−2.204%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0296	+0.006%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0033%	8h	9.0185	−0.117%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0045%	1h	9.0086	−0.226%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0075%	8h	9.0200	−0.100%	$102.8M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	9.0210	−0.089%	$55.3M	$249.9M	50x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.0290	long leg	$954K	$4.2M	10x
Aster UNIUSDTshort	+0.0100%	8h	9.0263	−0.029%	$1.0M	$3.3M	50x
Pacifica UNI	+0.0100%	1h	9.0134	−0.173%	$298K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0230	−0.066%	$223.0M	$589.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0290	0.000%	$279K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0220	−0.078%	$23.1M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0240	−0.055%	$43.8M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0280	−0.011%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0260	−0.033%	$33.0M	$42.1M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0200	−0.100%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0357	+0.074%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0280	−0.011%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0110	−0.199%	$88K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0080	−0.233%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0360	+0.078%	$88K	$356K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0260	−0.033%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0338	+0.053%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0240	−0.055%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0408	+0.131%	$738K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0250	−0.044%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0093	−0.219%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0239	−0.056%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0295	+0.005%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0104%	1h	9.0321	+0.034%	$1.0M	$2.4M	10x	as long as short
01 Exchange UNIUSD	+0.0200%	1h	9.0332	+0.047%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0200	−0.100%	$10.1M	$3.5M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0226%	1h	9.0338	+0.053%	$582K	$176K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0340	+0.055%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0281	−0.010%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0280	−0.012%	$568K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0307	+0.018%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0584%	1h	9.0328	+0.042%	$99.1M	$58.9M	10x	as long as short
Aftermath Perps UNIUSD	+0.0791%	1h	9.0363	+0.081%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0944%	1h	9.0405	+0.127%	$4.6M	$5.2M	15x	as long as short