Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h +0.003%

Price spread now: Nado against MEXC−0.033%51s7-day average +0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$230.233% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.033%, 7d avg +0.017%

Together, before fees+0.042%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.050% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 51 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	MEXC UNI_USDT	9.0310	0.0100	pay 0.0100% / 8h	2h 03m	$49.8M	$27.2M	200x
Short	Nado UNI-PERP	9.0280	−0.0015	pay 0.0002% / 1h	3m 36s	$781K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: −$24.14
Price spread: −0.033% → +0.017%: −$5
Slippage, 4 orders: −$12.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$52.46
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Nado: live order book, 5 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 MEXC live order book, 5 min ago	1.67 bp	3.7 bp −$4	4.5 bp −$45	5.7 bp −$566	55.1 bp −$27.6K
Sell Nado live order book, 5 min ago	0.44 bp	5.5 bp −$6	13.1 bp −$131	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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0247	−0.070%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERPshort	−0.0015%	1h	9.0280	−0.033%	$781K	$4.7M	10x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0294	−0.018%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0341	+0.034%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.226%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0083%	1h	9.0259	−0.056%	$126K	$582K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0378	+0.075%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0278	−0.035%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0306	−0.005%	$748K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0320	+0.011%	$290K	$592K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0320	+0.011%	$219.3M	$658.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0280	−0.033%	$100.5M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0280	−0.033%	$54.9M	$268.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0380	+0.078%	$322K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0330	+0.022%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0310	long leg	$49.8M	$27.2M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0260	−0.055%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0300	−0.011%	$33.2M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0290	−0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0309	−0.001%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.010%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0174	−0.150%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0060	−0.277%	$624K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0180	−0.144%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0360	+0.055%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0280	−0.033%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0328	+0.020%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0200	−0.122%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.100%	$709K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0230	−0.089%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0256	−0.060%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0270	−0.044%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0139%	1h	9.0292	−0.020%	$238K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0160%	1h	9.0311	+0.001%	$595K	$247K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0290	−0.022%	$943K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.033%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0233%	1h	9.0338	+0.031%	$96.7M	$66.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0234	−0.085%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0308	−0.002%	$642K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0456%	1h	9.0117	−0.213%	$987	$54K	10x	as long as short