Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Nado+0.171%62s7-day average +0.030% · you sell dearer than you buy

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−$250.251% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.568%−$57 · spread now +0.171%, 7d avg +0.030%

Together, before fees−0.561%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.141% dearer against Nado than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 62 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	Nado UNI-PERP	8.9035	0.0088	pay 0.0011% / 1h	28m 12s	$737K	$4.7M	10x
Short	edgeX UNIUSDC	8.9187	0.0100	get 0.0050% / 4h	1h 28m	$169K	$347K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Nado. 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 NadobpFee edgeXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $2.62
Price spread: +0.171% → +0.030%: $14.15
Slippage, 4 orders: −$9.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$8.29
Costs to cover: 0.251%
Break-even: 29.1 days

Slippage from Nado: live order book, 1 min ago; edgeX: live order book, 15 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, 1 min ago	0.79 bp	5.9 bp −$6	13.8 bp −$138	doesn't fit	doesn't fit
Sell edgeX live order book, 15 min ago	2.24 bp	6.7 bp −$7	16.0 bp −$160	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
Polymarket Perps UNI-USD	−0.0166%	1h	8.9053	+0.020%	$107K	$618K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9118	+0.094%	$4.7M	$8.7M	50x	as long as short
01 Exchange UNIUSD	−0.0016%	1h	8.9075	+0.045%	$444	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.9129	+0.106%	$587K	$250K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9110	+0.085%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.826%	$660	$153K	12x	as long as short
Nado UNI-PERPlong	+0.0088%	1h	8.9035	long leg	$737K	$4.7M	10x
Lighter UNI	+0.0096%	1h	8.9208	+0.194%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9022	−0.015%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9120	+0.095%	$734K	$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	8.9082	+0.053%	$285K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9080	+0.051%	$215.0M	$658.6M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9060	+0.028%	$98.9M	$112.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9070	+0.039%	$54.1M	$265.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9120	+0.095%	$318K	$696K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9080	+0.051%	$25.0M	$66.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9100	+0.073%	$49.0M	$26.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9090	+0.062%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9050	+0.017%	$32.6M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9060	+0.028%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9240	+0.230%	$1.0M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9219	+0.207%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDCshort	+0.0100%	4h	8.9187	+0.171%	$169K	$347K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9259	+0.251%	$630K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9420	+0.432%	$90K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9340	+0.343%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9110	+0.084%	$16K	$1.9M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9130	+0.107%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9065	+0.034%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9166	+0.147%	$697K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9130	+0.107%	$26.9M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9039	+0.005%	$294K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9070	+0.039%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0178%	1h	8.9240	+0.230%	$235K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9270	+0.264%	$930K	$5.5M	50x	as long as short
Hyperliquid UNI	+0.0219%	1h	8.9187	+0.171%	$94.8M	$67.7M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9240	+0.230%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.9148	+0.127%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.9123	+0.098%	$634K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0482%	1h	8.9241	+0.231%	$944	$53K	10x	as long as short