Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.032%

Price spread now: BloFin against Nado+0.123%7-day average +0.068% · 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−$29as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.106%+$11 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.123%, 7d avg +0.068%

Together, before fees+0.179%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.056% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	8.9210	0.0100	pay 0.0012% / 1h	29m 10s	$853K	$3.9M	10x
Short	BloFin UNI-USDT	8.9320	0.0220	get 0.0220% / 8h	2h 29m	$9.8M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.123%Rate

Funding earned: $25.2
Price spread: +0.123% → +0.068%: $5.57
Slippage, 4 orders: −$15.19
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.42
Costs to cover: 0.342%
Break-even: 7.9 days

Slippage from Nado: live order book, 5 min ago; BloFin: 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, 5 min ago	0.28 bp	6.7 bp −$7	17.7 bp −$177	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	5.07 bp	11.9 bp −$12	21.4 bp −$214	65.7 bp −$6,569	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
Variational Omni UNI	−0.0175%	8h	8.9141	−0.077%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0139%	8h	8.9220	+0.011%	$101.9M	$105.8M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9264	+0.060%	$564K	$137K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9231	+0.024%	$80K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	8.9267	+0.064%	$445	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0014%	8h	8.9200	−0.011%	$54.9M	$248.3M	50x	as long as short
dYdX UNI-USD	+0.0087%	1h	8.9254	+0.049%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9236	+0.029%	$25K	—	20x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	8.9210	long leg	$853K	$3.9M	10x
Aster UNIUSDT	+0.0100%	8h	8.9234	+0.027%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9263	+0.059%	$302K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9211	+0.001%	$218.2M	$595.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9310	+0.112%	$275K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9250	+0.045%	$23.2M	$59.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9230	+0.022%	$43.3M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9230	+0.022%	$13.8M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9180	−0.034%	$32.4M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9220	+0.011%	—	$49.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9265	+0.062%	$992K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8913	−0.333%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9116	−0.106%	$625K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9180	−0.034%	$84K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9160	−0.056%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9234	+0.027%	$87K	$323K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9210	0.000%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9260	+0.056%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9205	−0.006%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9302	+0.103%	$730K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9210	0.000%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9180	−0.034%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9228	+0.020%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9250	+0.045%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDTshort	+0.0220%	8h	8.9320	+0.123%	$9.8M	$3.4M	75x
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9242	+0.035%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0307%	1h	8.9331	+0.136%	$97.2M	$59.9M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9188	−0.025%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9223	+0.015%	$560K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0512%	1h	8.8858	−0.395%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0560%	1h	8.9390	+0.202%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.468%	$657	$97K	12x	as long as short