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Funding arb · Price arb /

UNI

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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.035%
Price spread now: Bybit against Nado−0.023%7-day average −0.082% · 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−$20as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Long on NadoShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.044%−$4 on $10k
Price spread, last 7 days−0.085%−$8 · spread now −0.023%, 7d avg −0.082%
Together, before fees−0.129%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.059% dearer against Nado than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.082%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.044% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.044% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado UNI-PERP8.80200.0100pay 0.0012% / 1h49m 16s$847K$3.9M10x
ShortBybit UNIUSDT8.8000−0.0190pay 0.0190% / 8h2h 49m$102.5M$103.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$60.94
Price spread: −0.023% → −0.082%
$5.92
Slippage, 4 orders
−$8.05
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$81.07
Costs to cover
0.260%
Break-even
never at this rate
Slippage from Nado: live order book, 5 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 5 min ago0.06 bp4.2 bp −$412.3 bp −$123doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.57 bp8.8 bp −$918.9 bp −$18948.1 bp −$4,807doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0200%8h8.7965−0.062%$3.9M$4.6M—as long as short
Bybit UNIUSDTshort−0.0190%8h8.8000−0.023%$102.5M$103.8M75x
01 Exchange UNIUSD−0.0048%1h8.8147+0.144%$440—10xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.8101+0.092%$550K$125K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.8093+0.083%$79K—150xas long as short
OKX UNI-USDT-SWAP+0.0008%8h8.7980−0.045%$54.2M$244.1M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8047+0.031%$25K—20xas long as short
Nado UNI-PERPlong+0.0100%1h8.8020long leg$847K$3.9M10x
Aster UNIUSDT+0.0100%8h8.8121+0.115%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h8.8099+0.089%$296K$559K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8038+0.020%$215.6M$593.5M75xas long as short
Arcus UNI-USD+0.0100%1h8.8130+0.125%$272K$605K10xas long as short
Gate UNI_USDT+0.0100%8h8.8030+0.011%$22.8M$58.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8070+0.057%$42.6M$24.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8070+0.057%$13.7M$13.6M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8080+0.068%$31.9M$41.0M75xas long as short
BingX UNI-USDT+0.0100%8h8.8000−0.023%—$49.8M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8121+0.115%$975K$2.4M10xas long as short
edgeX UNIUSDC+0.0100%4h8.8216+0.222%$166K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8123+0.117%$618K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8070+0.057%$83K$713K50xas long as short
StandX UNI-USD+0.0100%1h8.8060+0.045%$105K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.8109+0.101%$86K$323K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8040+0.023%$15K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.8107+0.099%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8039+0.022%$28K$659K10xas long as short
HTX UNI-USDT+0.0100%8h8.8175+0.176%$720K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8040+0.023%$26.5M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.7995−0.029%$307K$1.4M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8086+0.075%$31K$1K3xas long as short
dYdX UNI-USD+0.0185%1h8.8090+0.080%$244K$5K10xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.8140+0.136%$1.0M$5.3M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8060+0.045%$9.8M$3.3M75xas long as short
Kraken Futures PF_UNIUSD+0.0270%1h8.8096+0.086%$4.9M$7.1M50xas long as short
Hyperliquid UNI+0.0359%1h8.8216+0.223%$95.7M$59.6M10xas long as short
Reya UNIRUSDPERP+0.0359%1h8.8022+0.002%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0380% / S −0.0320%1h8.8077+0.064%$552K—120xas long as short
Lighter UNI+0.0424%1h8.8219+0.226%$4.5M$5.3M15xas long as short
Aftermath Perps UNIUSD+0.0484%1h8.8175+0.176%$1K$50K10xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−0.136%$657$97K12xas long as short