Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h +0.018%

Price spread now: Nado against OKX+0.084%7-day average +0.041% · 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−$23as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days−0.117%−$12 · spread now +0.084%, 7d avg +0.041%

Together, before fees−0.086%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.043% dearer against OKX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.041%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX UNI-USDT-SWAP	8.9710	0.0100	pay 0.0100% / 8h	2h 18m	$55.0M	$267.2M	50x
Short	Nado UNI-PERP	8.9785	−0.0063	pay 0.0008% / 1h	18m 11s	$824K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.084%Rate

Funding earned: −$34.25
Price spread: +0.084% → +0.041%: $4.28
Slippage, 4 orders: −$10.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$57
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Nado: live order book, 1 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 OKX live order book, 6 min ago	0.56 bp	7.5 bp −$7	13.5 bp −$135	67.8 bp −$6,782	doesn't fit
Sell Nado live order book, 1 min ago	0.06 bp	7.0 bp −$7	14.4 bp −$144	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
Nado UNI-PERPshort	−0.0063%	1h	8.9785	+0.084%	$824K	$4.6M	10x
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9888	+0.198%	$4.8M	$8.5M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.9819	+0.122%	$448	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9861	+0.168%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.572%	$660	$153K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9973	+0.293%	$4.5M	$5.6M	15x	as long as short
Polymarket Perps UNI-USD	+0.0098%	1h	8.9782	+0.080%	$106K	$543K	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9765	+0.062%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9825	+0.128%	$747K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9813	+0.114%	$288K	$612K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9799	+0.099%	$219.1M	$660.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9710	0.000%	$100.3M	$112.0M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.9710	long leg	$55.0M	$267.2M	50x
Arcus UNI-USD	+0.0100%	1h	8.9890	+0.201%	$321K	$703K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9840	+0.145%	$24.5M	$66.1M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9750	+0.045%	$49.4M	$27.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9810	+0.111%	$13.1M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9820	+0.123%	$33.0M	$46.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9830	+0.134%	—	$57.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9727	+0.019%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8719	−1.104%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8793	−1.023%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8591	−1.247%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8460	−1.393%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9230	−0.535%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9850	+0.156%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9888	+0.198%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9830	+0.134%	$32K	$865K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9871	+0.179%	$722K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9780	+0.078%	$27.1M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9802	+0.103%	$301K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9663	−0.053%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0147%	1h	8.9933	+0.249%	$95.7M	$66.0M	10x	as long as short
dYdX UNI-USD	+0.0179%	1h	8.9802	+0.103%	$236K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.9870	+0.178%	$947K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9610	−0.111%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0287%	1h	8.9920	+0.234%	$576K	$202K	50x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9783	+0.081%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9853	+0.159%	$639K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0488%	1h	8.9009	−0.781%	$5K	$50K	10x	as long as short