Funding you earn now, next payment 12:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.135%
Price spread now: Nado against Lighter−0.074%7-day average −0.095% · 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−$21as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Funding, last 4 days (all we have)−0.299%−$30 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.074%, 7d avg −0.095%
=Together, before fees−0.251%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.020% dearer against Lighter than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.095%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 4 days (−0.299% in total) that is about 6 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 8.7400 | 0.0096 | pay 0.0012% / 1h | 45m 37s | $4.3M | $4.6M | 15x |
| Short | Nado UNI-PERP | 8.7335 | 0.0069 | get 0.0009% / 1h | 45m 37s | $648K | $3.9M | 10x |
Lighter UNI
Nado UNI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.61
- Price spread: −0.074% → −0.095%
- $2.05
- Slippage, 4 orders
- −$15.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$26.51
- Costs to cover
- 0.229%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 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 Lighter live order book, 5 min ago | 2.41 bp | 6.9 bp −$7 | 13.9 bp −$139 | 86.6 bp −$8,661 | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.40 bp | 5.9 bp −$6 | 13.5 bp −$135 | doesn't fit | doesn't fit |
UNI on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.7213 | −0.214% | $577K | $211K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0005% | 1h | 8.7191 | −0.239% | $75K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | +1.030% | $660 | $147K | 12x | as long as short |
| Nado UNI-PERPshort | +0.0069% | 1h | 8.7335 | −0.074% | $648K | $3.9M | 10x | |
| OKX UNI-USDT-SWAP | +0.0082% | 8h | 8.7330 | −0.080% | $54.0M | $212.7M | 50x | as long as short |
| Lighter UNIlong | +0.0096% | 1h | 8.7400 | long leg | $4.3M | $4.6M | 15x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.7243 | −0.180% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.7390 | −0.012% | $758K | $2.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.7312 | −0.101% | $288K | $457K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.7320 | −0.092% | $213.2M | $551.7M | 75x | as long as short |
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit UNIUSDT | +0.0100% | 8h | 8.7310 | −0.103% | $96.7M | $94.8M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.7410 | +0.011% | $318K | $517K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.7320 | −0.092% | $28.3M | $53.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.7320 | −0.092% | $45.9M | $20.8M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.7310 | −0.103% | $12.9M | $11.0M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.7330 | −0.080% | $32.7M | $41.8M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.7320 | −0.092% | — | $49.3M | — | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.7153 | −0.283% | $4.0M | $2.2M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.7090 | −0.355% | $164K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.7250 | −0.172% | $615K | $2.2M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.7220 | −0.206% | $89K | $715K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.7380 | −0.023% | $92K | $3.4M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.7345 | −0.063% | $90K | $623K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.7160 | −0.275% | $16K | $2.3M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.7279 | −0.138% | $35K | $1.1M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.7215 | −0.212% | $21K | $743K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.7328 | −0.082% | $694K | $3.8M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.7250 | −0.172% | $26.3M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.7287 | −0.129% | $297K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.7175 | −0.257% | $31K | — | 3x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0120% | 1h | 8.7274 | −0.144% | $4.6M | $7.4M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0152% | 1h | 8.7376 | −0.027% | $436 | $56 | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.7290 | −0.126% | $10.0M | $3.3M | 75x | as long as short |
| Backpack UNI_USDC_PERP | +0.0221% | 1h | 8.7335 | −0.074% | $1.1M | $2.1M | 10x | as long as short |
| Hyperliquid UNI | +0.0244% | 1h | 8.7393 | −0.008% | $93.8M | $60.2M | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0264% | 1h | 8.7330 | −0.080% | $904K | $4.3M | 50x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.7189 | −0.241% | $620K | — | 120x | as long as short |
| Reya UNIRUSDPERP | +0.0388% | 1h | 8.7304 | −0.109% | $16K | — | 20x | as long as short |
| dYdX UNI-USD | +0.0560% | 1h | 8.7267 | −0.152% | $229K | $32K | 10x | as long as short |
| Aftermath Perps UNIUSD | +0.0590% | 1h | 8.7273 | −0.146% | $1K | $48K | 10x | as long as short |
Bybit UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
BloFin UNI-USDT
Backpack UNI_USDC_PERP
Hyperliquid UNI
Coinbase International UNI-PERP-INTX
GMX UNI/USD [UNI-USDC]
Reya UNIRUSDPERP
dYdX UNI-USD
Aftermath Perps UNIUSD