Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h 0.000%

Price spread now: HTX against Nado+0.036%7-day average +0.171% · 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−$53as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.155%+$15 · spread now +0.036%, 7d avg +0.171%

Together, before fees+0.156%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.136% cheaper against Nado than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.171%). If the spread goes back, that is −$14 on $10k: about 3.2 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.002% in total) that is about 10 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	8.9880	−0.0040	get 0.0005% / 1h	12m 14s	$814K	$4.6M	10x
Short	HTX UNI-USDT	8.9912	0.0100	get 0.0100% / 8h	2h 12m	$700K	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $29.44
Price spread: +0.036% → +0.171%: −$13.58
Slippage, 4 orders: −$20.14
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.28
Costs to cover: 0.391%
Break-even: 12.5 days

Slippage from Nado: live order book, 2 min ago; HTX: 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	0.11 bp	5.1 bp −$5	14.2 bp −$142	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	7.20 bp	14.3 bp −$14	40.3 bp −$403	388.9 bp −$38.9K	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
Nado UNI-PERPlong	−0.0040%	1h	8.9880	long leg	$814K	$4.6M	10x
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9778	−0.114%	$4.8M	$8.4M	50x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.9926	+0.051%	$449	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9910	+0.034%	$575K	$202K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9843	−0.041%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.758%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0088%	1h	8.9848	−0.036%	$102K	$561K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9912	+0.036%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9906	+0.029%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9833	−0.053%	$743K	$3.6M	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	8.9946	+0.074%	$288K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9845	−0.039%	$218.7M	$657.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9790	−0.100%	$100.4M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9820	−0.067%	$54.6M	$267.3M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9980	+0.111%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9870	−0.011%	$24.6M	$66.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9820	−0.067%	$49.5M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9900	+0.022%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9810	−0.078%	$33.2M	$45.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9820	−0.067%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9881	+0.001%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9660	−0.245%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9755	−0.139%	$170K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9851	−0.032%	$623K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9820	−0.067%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9970	+0.100%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9860	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9910	+0.033%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9796	−0.093%	$34K	$874K	10x	as long as short
HTX UNI-USDTshort	+0.0100%	8h	8.9912	+0.036%	$700K	$5.0M	75x
Phemex UNIUSDT	+0.0100%	8h	8.9750	−0.145%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9835	−0.050%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9896	+0.018%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0156%	1h	8.9888	+0.009%	$237K	$31K	10x	as long as short
Hyperliquid UNI	+0.0175%	1h	8.9997	+0.130%	$96.0M	$66.4M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9830	−0.056%	$942K	$5.6M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0010	+0.145%	$10.1M	$3.7M	75x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9857	−0.025%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9844	−0.040%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0466%	1h	8.9697	−0.204%	$965	$54K	10x	as long as short