Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Nado against Aster−0.164%7-day average −0.029% · 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−$47as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days+0.322%+$32 · spread now −0.164%, 7d avg −0.029%

Together, before fees+0.313%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.135% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster UNIUSDT	9.0959	0.0100	pay 0.0100% / 8h	4h 41m	$1.0M	$3.0M	50x
Short	Nado UNI-PERP	9.0810	0.0100	get 0.0012% / 1h	41m 59s	$920K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.164%Rate

Funding earned: $0
Price spread: −0.164% → −0.029%: −$13.48
Slippage, 4 orders: −$19
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$47.48
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Nado: live order book, 2 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 Aster live order book, 2 min ago	2.19 bp	10.7 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.60 bp	5.9 bp −$6	14.1 bp −$141	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0866	−0.102%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.923%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.0814	−0.159%	$453	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0060%	1h	9.0859	−0.110%	$582K	$193K	50x	as long as short
dYdX UNI-USD	+0.0085%	1h	9.0872	−0.096%	$239K	$30K	10x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	9.0810	−0.164%	$920K	$4.4M	10x
Aster UNIUSDTlong	+0.0100%	8h	9.0959	long leg	$1.0M	$3.0M	50x
Pacifica UNI	+0.0100%	1h	9.0900	−0.065%	$295K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0939	−0.022%	$224.3M	$631.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0870	−0.098%	$101.9M	$110.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0870	−0.098%	$55.6M	$258.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0410	−0.604%	$286K	$630K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0900	−0.065%	$23.5M	$62.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0910	−0.054%	$48.4M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0930	−0.032%	$13.6M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0880	−0.087%	$33.5M	$44.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0930	−0.032%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0930	−0.032%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0968	+0.010%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0727	−0.255%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1003	+0.049%	$639K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1050	+0.100%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1140	+0.199%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0896	−0.069%	$87K	$421K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0820	−0.153%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0861	−0.108%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0812	−0.162%	$22K	$783K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	−0.021%	$719K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0890	−0.076%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0795	−0.180%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0841	−0.129%	$299K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0834	−0.137%	$32K	—	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0960	+0.001%	$10.3M	$3.6M	75x	as long as short
Lighter UNI	+0.0224%	1h	9.0959	0.000%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0880	−0.087%	$1.1M	$5.5M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0861	−0.107%	$5.0M	$7.9M	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0856	−0.113%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0850	−0.120%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0451%	1h	9.1014	+0.060%	$98.9M	$61.8M	10x	as long as short
Aftermath Perps UNIUSD	+0.1060%	1h	9.0992	+0.037%	$910	$46K	10x	as long as short