Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Nado−0.120%47s7-day average +0.037% · 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−$320.323% of the position

Long on Nado Short on SoDEX

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 4 days (all we have)+0.855%+$85 · spread now −0.120%, 7d avg +0.037%

Together, before fees+0.859%+ Points / potential airdropNado: Active · farm board+$86 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: SoDEX is 0.157% cheaper against Nado than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.1145	0.0100	pay 0.0012% / 1h	33m 36s	$951K	$4.3M	10x
Short	SoDEX UNI-USD	9.1036	0.0100	get 0.0013% / 1h	33m 36s	$22K	$760K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.037%: −$15.67
Slippage, 4 orders: −$17.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$48
Costs to cover: 0.323%
Break-even: 4930975563401292.0 days

Slippage from Nado: live order book, 5 min ago; SoDEX: live order book, 30 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	0.77 bp	6.4 bp −$6	13.3 bp −$133	doesn't fit	doesn't fit
Sell SoDEX live order book, 30 min ago	0.54 bp	9.4 bp −$9	28.9 bp −$289	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0008%	1h	9.0945	−0.220%	$28K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.121%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1138	−0.008%	$455	$5	10x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.1145	long leg	$951K	$4.3M	10x
Aster UNIUSDT	+0.0100%	8h	9.1120	−0.027%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1110	−0.038%	$297K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1170	+0.027%	$227.0M	$609.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1120	−0.027%	$102.4M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1180	+0.038%	$56.2M	$252.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1190	+0.049%	$289K	$614K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1100	−0.049%	$23.5M	$59.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1110	−0.038%	$49.3M	$25.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1070	−0.082%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1070	−0.082%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1090	−0.060%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1079	−0.072%	$989K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1137	−0.009%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1240	+0.104%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1189	+0.048%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1330	+0.203%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0910	−0.258%	$40K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0914	−0.253%	$88K	$412K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1010	−0.148%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0999	−0.160%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.1036	−0.120%	$22K	$760K	10x
HTX UNI-USDT	+0.0100%	8h	9.0969	−0.193%	$714K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1140	−0.005%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1091	−0.060%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1024	−0.132%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1025	−0.132%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	9.1072	−0.080%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1220	+0.082%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1112	−0.036%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0940	−0.225%	$1.1M	$5.0M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0297%	1h	9.1068	−0.085%	$585K	$192K	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.0874	−0.298%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0959	−0.204%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0522%	1h	9.1174	+0.032%	$98.8M	$59.7M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1224	+0.087%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0964%	1h	9.0997	−0.163%	$883	$47K	10x	as long as short