Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Nado+0.011%7-day average −0.060% · 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−$25as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.011%, 7d avg −0.060%

Together, before fees−0.049%+ Points / potential airdropNado: Active · farm board−$5 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: Bitget is 0.071% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.2620	0.0100	pay 0.0012% / 1h	17m 24s	$965K	$4.3M	10x
Short	Bitget UNIUSDT	9.2630	0.0100	get 0.0100% / 8h	5h 17m	$33.9M	$43.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.060%: $7.1
Slippage, 4 orders: −$12.97
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.86
Costs to cover: 0.320%
Break-even: 2554540356640772.0 days

Slippage from Nado: live order book, 2 min ago; Bitget: live order book, 2 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	2.10 bp	7.2 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.15 bp	8.2 bp −$8	18.6 bp −$186	40.1 bp −$4,007	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 −0.0006%	1h	9.2627	+0.007%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−4.664%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2591	−0.031%	$462	$5	10x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.2620	long leg	$965K	$4.3M	10x
Aster UNIUSDT	+0.0100%	8h	9.2772	+0.164%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2726	+0.114%	$302K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2634	+0.015%	$230.3M	$618.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2640	+0.022%	$104.0M	$109.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.2610	−0.011%	$57.3M	$259.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2760	+0.151%	$294K	$614K	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	9.2650	+0.032%	$23.3M	$61.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2660	+0.043%	$49.6M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2660	+0.043%	$13.9M	$12.9M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	9.2630	+0.011%	$33.9M	$43.2M	75x
BingX UNI-USDT	+0.0100%	8h	9.2620	0.000%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2769	+0.161%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1888	−0.790%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2838	+0.236%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2848	+0.246%	$645K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1920	−0.756%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2880	+0.281%	$45K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2657	+0.040%	$89K	$417K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2640	+0.022%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2647	+0.029%	$38K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2640	+0.022%	$22K	$770K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2920	+0.324%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2700	+0.086%	$28.0M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2630	+0.011%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2596	−0.026%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2623	+0.003%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0111%	1h	9.2712	+0.100%	$244K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0115%	1h	9.2678	+0.062%	$594K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2830	+0.227%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0264%	1h	9.2768	+0.160%	$5.2M	$7.6M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2720	+0.108%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2596	−0.026%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2692	+0.078%	$660K	—	120x	as long as short
Hyperliquid UNI	+0.0560%	1h	9.2790	+0.184%	$101.3M	$60.7M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.2865	+0.265%	$4.7M	$5.7M	15x	as long as short
Aftermath Perps UNIUSD	+0.0991%	1h	9.2338	−0.305%	$1K	$47K	10x	as long as short