Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Nado+0.357%7-day average −0.037% · 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−$5as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days−0.466%−$47 · spread now +0.357%, 7d avg −0.037%

Together, before fees−0.458%+ Points / potential airdropNado: Active · farm board−$46 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: Gate is 0.394% dearer against Nado than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	8.9750	0.0100	pay 0.0012% / 1h	53m 58s	$937K	$4.3M	10x
Short	Gate UNI_USDT	9.0070	0.0100	get 0.0100% / 8h	6h 53m	$22.9M	$57.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.357%Rate

Funding earned: $0
Price spread: +0.357% → −0.037%: $39.37
Slippage, 4 orders: −$21.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.62
Costs to cover: 0.440%
Break-even: 474817785061347.6 days

Slippage from Nado: live order book, 5 min ago; Gate: 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	0.94 bp	6.3 bp −$6	15.7 bp −$157	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.11 bp	19.2 bp −$19	28.6 bp −$286	54.2 bp −$5,421	77.0 bp −$38.5K

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
ApeX Omni UNIUSDT	−0.0116%	1h	9.0670	+1.025%	$89K	$706K	50x	as long as short
dYdX UNI-USD	+0.0001%	1h	8.9886	+0.151%	$237K	$29K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9841	+0.102%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.616%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9710	−0.045%	$448	—	10x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	8.9750	long leg	$937K	$4.3M	10x
Hyperliquid UNI	+0.0100%	1h	9.0174	+0.472%	$98.5M	$59.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0056	+0.341%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9899	+0.166%	$297K	$581K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0080	+0.368%	$227.4M	$606.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0070	+0.357%	$101.3M	$108.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0080	+0.368%	$55.6M	$254.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9870	+0.134%	$274K	$616K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	9.0070	+0.357%	$22.9M	$57.6M	75x
MEXC UNI_USDT	+0.0100%	8h	9.0070	+0.357%	$50.1M	$24.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0110	+0.401%	$13.4M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0100	+0.390%	$32.9M	$43.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0100	+0.390%	—	$57.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0111	+0.402%	$990K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9741	−0.010%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0635	+0.986%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0240	+0.546%	$626K	$2.6M	10x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9830	+0.089%	$55K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9833	+0.092%	$85K	$407K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9960	+0.234%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0143	+0.438%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0067	+0.353%	$21K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0220	+0.524%	$716K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0110	+0.401%	$27.2M	$4.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9765	+0.017%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0064	+0.350%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0017	+0.298%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9860	+0.123%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0140	+0.435%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	8.9768	+0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9845	+0.105%	$641K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0423%	1h	8.9980	+0.257%	$582K	$186K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0425%	1h	9.0157	+0.454%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.0232	+0.537%	$4.6M	$5.1M	15x	as long as short
Aftermath Perps UNIUSD	+0.1057%	1h	9.0462	+0.794%	$983	$49K	10x	as long as short