Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Nado−0.006%50s7-day average −0.022% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.311% of the position

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days−0.077%−$8 · spread now −0.006%, 7d avg −0.022%

Together, before fees−0.073%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	8.8065	0.0100	pay 0.0012% / 1h	51m 41s	$851K	$3.9M	10x
Short	Pacifica UNI	8.8060	0.0100	get 0.0013% / 1h	51m 41s	$297K	$559K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.022%: $1.66
Slippage, 4 orders: −$16.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.44
Costs to cover: 0.311%
Break-even: 3024215752072434.0 days

Slippage from Nado: live order book, 2 min ago; Pacifica: live order book, 37 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	0.06 bp	4.2 bp −$4	12.3 bp −$123	doesn't fit	doesn't fit
Sell Pacifica live order book, 37 min ago	1.13 bp	12.4 bp −$12	doesn't fit	doesn't fit	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	−0.0201%	8h	8.8015	−0.057%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0193%	8h	8.8010	−0.062%	$102.5M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0064%	1h	8.8043	−0.025%	$439	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8223	+0.179%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8196	+0.149%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0010%	8h	8.8000	−0.074%	$54.2M	$244.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8051	−0.016%	$25K	—	20x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	8.8065	long leg	$851K	$3.9M	10x
Aster UNIUSDT	+0.0100%	8h	8.8156	+0.103%	$1.0M	$3.4M	50x	as long as short
Pacifica UNIshort	+0.0100%	1h	8.8060	−0.006%	$297K	$559K	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8045	−0.022%	$215.7M	$593.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8120	+0.062%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8050	−0.017%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8060	−0.006%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8080	+0.017%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8010	−0.062%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8000	−0.074%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8172	+0.122%	$976K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8265	+0.227%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.278%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.028%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8250	+0.210%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8168	+0.117%	$87K	$336K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8170	+0.119%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8188	+0.140%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8150	+0.097%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8250	+0.210%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8180	+0.131%	$26.6M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8012	−0.060%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8223	+0.179%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8280	+0.244%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8190	+0.142%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0231%	1h	8.8100	+0.040%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8216	+0.172%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8121	+0.064%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8209	+0.164%	$553K	—	120x	as long as short
Lighter UNI	+0.0408%	1h	8.8257	+0.218%	$4.5M	$5.3M	15x	as long as short
Hyperliquid UNI	+0.0411%	1h	8.8205	+0.159%	$95.7M	$59.6M	10x	as long as short
Aftermath Perps UNIUSD	+0.0504%	1h	8.8218	+0.174%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.187%	$657	$97K	12x	as long as short