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% APRpaid last 24h 0.000%

Price spread now: Nado against Paradex+0.120%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.120% dearer against Paradex than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Paradex UNI-USD-PERP	8.9056	0.0100	pay 0.0100% / 8h	2h 23m	$25K	—	20x
Short	Nado UNI-PERP	8.9162	0.0100	get 0.0012% / 1h	23m 36s	$863K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now +0.120%Rate

Funding earned: $0.01
Price spread: +0.120% → 0.000%: $11.99
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $1
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 5 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 5 min ago	0.11 bp	5.4 bp −$5	12.2 bp −$122	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0161%	8h	8.9562	+0.568%	$4.0M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0119%	8h	8.9060	+0.005%	$101.6M	$105.9M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9268	+0.238%	$564K	$138K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.9240	+0.207%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0021%	8h	8.9060	+0.005%	$54.8M	$248.2M	50x	as long as short
01 Exchange UNIUSD	+0.0024%	1h	8.9122	+0.074%	$445	—	10x	as long as short
dYdX UNI-USD	+0.0073%	1h	8.9126	+0.078%	$247K	$5K	10x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	8.9056	long leg	$25K	—	20x
Nado UNI-PERPshort	+0.0100%	1h	8.9162	+0.120%	$863K	$4.0M	10x
Aster UNIUSDT	+0.0100%	8h	8.9200	+0.162%	$1.0M	$3.4M	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	8.9128	+0.081%	$301K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9090	+0.038%	$217.7M	$595.1M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9180	+0.140%	$275K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9100	+0.050%	$23.1M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9070	+0.016%	$43.3M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9150	+0.106%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9060	+0.005%	$32.3M	$41.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9090	+0.038%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9212	+0.175%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9369	+0.352%	$168K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9440	+0.431%	$628K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9430	+0.420%	$84K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9460	+0.454%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9214	+0.178%	$94K	$331K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9210	+0.173%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9270	+0.241%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9185	+0.145%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9354	+0.335%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9210	+0.173%	$26.9M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9043	−0.014%	$308K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9231	+0.197%	$32K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9400	+0.387%	$1.0M	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9270	+0.241%	$9.8M	$3.4M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	8.9246	+0.214%	$5.0M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0298%	1h	8.9271	+0.242%	$97.2M	$59.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0360%	1h	8.9180	+0.139%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.9240	+0.207%	$559K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0526%	1h	8.9234	+0.200%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0568%	1h	8.9263	+0.233%	$4.6M	$5.4M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−1.298%	$657	$97K	12x	as long as short