Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0251%/8h= +27.5% APRnext payment +$0.31 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against ApeX Omni+0.395%61s7-day average −0.074% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$480.485% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.395%, 7d avg −0.074%
Together, before fees+0.079%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Nado is 0.469% dearer against ApeX Omni than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.074%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.003% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni UNIUSDT8.9820−0.0151get 0.0019% / 1h50m 01s$88K$707K50x
ShortNado UNI-PERP9.01750.0100get 0.0012% / 1h50m 01s$952K$4.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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

Funding earned
$52.77
Price spread: +0.395% → −0.074%
$46.95
Slippage, 4 orders
−$31.46
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$51.25
Costs to cover
0.485%
Break-even
0.2 days
Slippage from ApeX Omni: live order book, 24 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 24 min ago10.58 bp18.0 bp −$1899.4 bp −$994doesn't fitdoesn't fit
Sell Nado live order book, 4 min ago0.06 bp4.3 bp −$412.1 bp −$121doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni UNIUSDTlong−0.0151%1h8.9820long leg$88K$707K50x
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0046+0.252%$62K150xas long as short
01 Exchange UNIUSD+0.0032%1h9.0199+0.422%$45010xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.692%$660$154K12xas long as short
Deribit UNI_USDC-PERPETUAL+0.0036%1h8.9947+0.141%$580K$178K50xas long as short
Gate UNI_USDT+0.0068%8h8.9910+0.100%$22.9M$57.4M75xas long as short
OKX UNI-USDT-SWAP+0.0091%8h8.9860+0.045%$55.0M$248.5M50xas long as short
Nado UNI-PERPshort+0.0100%1h9.0175+0.395%$952K$4.3M10x
Aster UNIUSDT+0.0100%8h9.0020+0.223%$1.0M$3.4M50xas long as short
Pacifica UNI+0.0100%1h9.0044+0.250%$299K$591K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9904+0.094%$222.6M$591.5M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9870+0.056%$101.3M$106.3M75xas long as short
Arcus UNI-USD+0.0100%1h9.0170+0.390%$267K$618K10xas long as short
MEXC UNI_USDT+0.0100%8h8.9910+0.100%$44.0M$23.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9930+0.122%$13.6M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9850+0.033%$33.0M$42.0M75xas long as short
BingX UNI-USDT+0.0100%8h8.9930+0.122%$52.1Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9990+0.189%$1.1M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h8.9871+0.057%$4.1M$4.4Mas long as short
edgeX UNIUSDC+0.0100%4h8.9772−0.053%$169K$343K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0021+0.224%$633K$2.5M10xas long as short
StandX UNI-USD+0.0100%1h8.9860+0.045%$36K$3.3M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h9.0220+0.445%$85K$376K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9900+0.089%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h9.0101+0.313%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9927+0.119%$21K$680K10xas long as short
HTX UNI-USDT+0.0100%8h9.0040+0.245%$723K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9970+0.167%$27.1M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0025+0.228%$26K20xas long as short
Extended UNI-USD+0.0104%1h8.9842+0.024%$302K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9907+0.097%$32K3xas long as short
BloFin UNI-USDT+0.0220%8h8.9980+0.178%$10.0M$3.5M75xas long as short
Hyperliquid UNI+0.0243%1h9.0062+0.270%$98.6M$59.6M10xas long as short
dYdX UNI-USD+0.0264%1h9.0009+0.211%$248K$7K10xas long as short
Coinbase International UNI-PERP-INTX+0.0272%1h9.0060+0.267%$1.1M$5.4M50xas long as short
Reya UNIRUSDPERP+0.0365%1h9.0173+0.393%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0382% / S −0.0323%1h9.0031+0.235%$571K120xas long as short
Kraken Futures PF_UNIUSD+0.0390%1h8.9980+0.178%$5.0M$6.9M50xas long as short
Lighter UNI+0.0640%1h9.0112+0.325%$4.6M$5.2M15xas long as short
Aftermath Perps UNIUSD+0.0834%1h9.0038+0.243%$1K$49K10xas long as short