Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Nado against Pacifica−0.041%7-day average +0.021% · 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−$37as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Pacifica Short on Nado

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+0.176%+$18 · spread now −0.041%, 7d avg +0.021%

Together, before fees+0.172%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$17 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: Nado is 0.062% cheaper against Pacifica than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica UNI	8.9991	0.0100	pay 0.0013% / 1h	30m 42s	$298K	$591K	10x
Short	Nado UNI-PERP	8.9955	0.0100	get 0.0012% / 1h	30m 42s	$947K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.021%: −$6.16
Slippage, 4 orders: −$15.4
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$36.55
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Pacifica: live order book, 48 min ago; Nado: live order book, 3 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 Pacifica live order book, 48 min ago	1.12 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.05 bp	4.7 bp −$5	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.880%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0076	+0.093%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.048%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0057%	1h	8.9938	−0.059%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0079%	8h	8.9900	−0.102%	$102.2M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0090%	8h	8.9860	−0.146%	$55.1M	$249.0M	50x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	8.9955	−0.041%	$947K	$4.2M	10x
Aster UNIUSDT	+0.0100%	8h	9.0018	+0.030%	$1.0M	$3.3M	50x	as long as short
Pacifica UNIlong	+0.0100%	1h	8.9991	long leg	$298K	$591K	10x
Binance UNIUSDT	+0.0100%	8h	8.9904	−0.097%	$222.3M	$589.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0070	+0.087%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9940	−0.057%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9970	−0.024%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9970	−0.024%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9870	−0.135%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9930	−0.068%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0064	+0.081%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	+0.194%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0169	+0.198%	$637K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.343%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0030	+0.043%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0089	+0.108%	$87K	$362K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0030	+0.043%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0130	+0.154%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0033	+0.046%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0058	+0.074%	$735K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0040	+0.054%	$27.2M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9931	−0.067%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9905	−0.096%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0027	+0.040%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0189%	1h	9.0078	+0.096%	$580K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0192%	1h	9.0030	+0.043%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	−0.024%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0110	+0.132%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	9.0039	+0.052%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0081	+0.100%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0086	+0.105%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0563%	1h	9.0018	+0.029%	$98.7M	$59.0M	10x	as long as short
Aftermath Perps UNIUSD	+0.0801%	1h	9.0211	+0.244%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0936%	1h	9.0096	+0.116%	$4.6M	$5.2M	15x	as long as short