UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0315%/8h= −34.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.064%

Price spread now: Nado against GMX−0.049%52s7-day average −0.071% · you buy dearer than you sell

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

Long on GMX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.231%−$23 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.049%, 7d avg −0.071%

Together, before fees−0.285%+ Points / potential airdropNado: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.022% dearer against GMX than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.071%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 52 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	GMX UNI/USD [UNI-USDC]	8.9199	L +0.0381% / S −0.0243%	pay 0.0048% / 1h	21m 39s	$635K	—	120x
Short	Nado UNI-PERP	8.9155	0.0066	get 0.0008% / 1h	21m 39s	$740K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee NadobpOrdersPrice spread, now −0.049%Rate

Funding earned: −$66.13
Price spread: −0.049% → −0.071%: $2.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$82.93
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Nado: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Nado live order book, 2 min ago	0.45 bp	6.4 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit

GMX: 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
Polymarket Perps UNI-USD	−0.0139%	1h	8.9160	−0.043%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9224	+0.029%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.9173	−0.029%	$445	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9212	+0.015%	$588K	$250K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9255	+0.064%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.007%	$660	$153K	12x	as long as short
Nado UNI-PERPshort	+0.0066%	1h	8.9155	−0.049%	$740K	$4.7M	10x
Lighter UNI	+0.0096%	1h	8.9377	+0.200%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9224	+0.028%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9220	+0.025%	$731K	$3.6M	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	8.9275	+0.085%	$285K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9186	−0.014%	$215.4M	$658.7M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9160	−0.043%	$99.0M	$111.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9160	−0.043%	$54.2M	$265.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9250	+0.058%	$318K	$696K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9180	−0.021%	$25.1M	$66.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9290	+0.103%	$49.1M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9260	+0.069%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9160	−0.043%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9180	−0.021%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9222	+0.026%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9369	+0.192%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9258	+0.067%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9241	+0.048%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9260	+0.069%	$90K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9220	+0.024%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9140	−0.066%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9241	+0.048%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9165	−0.038%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9324	+0.141%	$699K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9150	−0.054%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9134	−0.073%	$293K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9160	−0.043%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0187%	1h	8.9357	+0.178%	$95.0M	$67.5M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9390	+0.215%	$931K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9160	−0.043%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0263%	1h	8.9235	+0.041%	$235K	$31K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.9143	−0.063%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0243%	1h	8.9199	long leg	$635K	—	120x
Aftermath Perps UNIUSD	+0.0480%	1h	8.9290	+0.102%	$1K	$53K	10x	as long as short