Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.003%

Price spread now: Aster against Nado−0.011%7-day average +0.039% · 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−$35as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days−0.045%−$5 · spread now −0.011%, 7d avg +0.039%

Together, before fees−0.031%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.050% cheaper against Nado than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.014% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	8.8290	0.0020	pay 0.0002% / 1h	18m 06s	$727K	$4.1M	10x
Short	Aster UNIUSDT	8.8280	0.0100	get 0.0100% / 8h	6h 18m	$781K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.011%Rate

Funding earned: $16.83
Price spread: −0.011% → +0.039%: −$5.04
Slippage, 4 orders: −$14.7
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.91
Costs to cover: 0.297%
Break-even: 14.4 days

Slippage from Nado: live order book, 4 min ago; Aster: live order book, 3 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 Nado live order book, 4 min ago	0.06 bp	5.1 bp −$5	12.6 bp −$126	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.26 bp	11.4 bp −$11	23.3 bp −$233	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8325	+0.040%	$76K	—	150x	as long as short
Nado UNI-PERPlong	+0.0020%	1h	8.8290	long leg	$727K	$4.1M	10x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.011%	$660	$152K	12x	as long as short
dYdX UNI-USD	+0.0039%	1h	8.8344	+0.061%	$231K	$32K	10x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.8436	+0.165%	$441	$56	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8340	+0.057%	$4.4M	$5.0M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8274	−0.019%	$25K	—	20x	as long as short
Aster UNIUSDTshort	+0.0100%	8h	8.8280	−0.011%	$781K	$2.5M	50x
Pacifica UNI	+0.0100%	1h	8.8330	+0.046%	$288K	$478K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8280	−0.011%	$213.9M	$590.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.8270	−0.023%	$97.8M	$100.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8250	−0.045%	$54.4M	$236.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8440	+0.170%	$321K	$557K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8230	−0.068%	$27.4M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8220	−0.079%	$45.6M	$25.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8350	+0.068%	$12.9M	$11.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8160	−0.147%	$32.8M	$43.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8210	−0.091%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8286	−0.005%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8387	+0.110%	$4.1M	$3.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8439	+0.169%	$167K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8386	+0.108%	$627K	$2.4M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	+0.227%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8410	+0.136%	$91K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8361	+0.080%	$105K	$591K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8310	+0.023%	$16K	$2.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8380	+0.102%	$35K	$1.2M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8315	+0.028%	$32K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8416	+0.143%	$696K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8240	−0.057%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8289	−0.002%	$298K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8320	+0.034%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0142%	1h	8.8372	+0.093%	$4.7M	$7.8M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0143%	1h	8.8379	+0.101%	$585K	$222K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8270	−0.023%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	8.8330	+0.045%	$923K	$4.4M	50x	as long as short
Hyperliquid UNI	+0.0256%	1h	8.8333	+0.049%	$95.0M	$63.5M	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8340	+0.057%	$629K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0385%	1h	8.8351	+0.069%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0526%	1h	8.8381	+0.103%	$1K	$51K	10x	as long as short