Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h 0.000%

Price spread now: Nado against Binance−0.022%7-day average +0.011% · 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−$27as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.022%, 7d avg +0.011%

Together, before fees+0.048%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.033% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	8.8332	0.0100	pay 0.0100% / 8h	5h 55m	$214.3M	$569.4M	75x
Short	Nado UNI-PERP	8.8312	0.0050	get 0.0006% / 1h	55m 52s	$704K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$10.53
Price spread: −0.022% → +0.011%: −$3.31
Slippage, 4 orders: −$7.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Binance: live order book, 11 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 Binance live order book, 11 min ago	0.57 bp	6.0 bp −$6	13.4 bp −$134	45.1 bp −$4,509	202.1 bp −$101.1K
Sell Nado live order book, 1 min ago	0.68 bp	5.4 bp −$5	11.7 bp −$117	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	8.8338	+0.008%	$584K	$217K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8410	+0.088%	$76K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.036%	$660	$147K	12x	as long as short
Nado UNI-PERPshort	+0.0050%	1h	8.8312	−0.022%	$704K	$3.9M	10x
Lighter UNI	+0.0096%	1h	8.8457	+0.142%	$4.4M	$4.8M	15x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	8.8357	+0.028%	$441	$56	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8300	−0.036%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8371	+0.045%	$743K	$2.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8373	+0.046%	$288K	$467K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	8.8332	long leg	$214.3M	$569.4M	75x

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.8310	−0.025%	$97.7M	$97.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8310	−0.025%	$54.6M	$228.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8430	+0.111%	$324K	$528K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8350	+0.021%	$27.8M	$54.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8340	+0.009%	$46.2M	$20.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8350	+0.021%	$12.9M	$11.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8310	−0.025%	$32.9M	$42.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8330	−0.002%	—	$50.2M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8402	+0.079%	$1.1M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8404	+0.082%	$4.1M	$2.7M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8416	+0.095%	$167K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8423	+0.103%	$617K	$2.3M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8490	+0.179%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8450	+0.134%	$93K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8278	−0.061%	$105K	$574K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8260	−0.081%	$16K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8330	−0.002%	$36K	$1.2M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8325	−0.008%	$32K	$725K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8420	+0.100%	$699K	$4.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8350	+0.021%	$26.6M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8261	−0.081%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8319	−0.014%	$31K	—	3x	as long as short
Kraken Futures PF_UNIUSD	+0.0131%	1h	8.8369	+0.043%	$4.7M	$7.7M	50x	as long as short
Hyperliquid UNI	+0.0209%	1h	8.8459	+0.144%	$95.2M	$61.6M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8400	+0.077%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.8470	+0.156%	$924K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8352	+0.023%	$628K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0386%	1h	8.8305	−0.030%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0575%	1h	8.8441	+0.124%	$1K	$49K	10x	as long as short
dYdX UNI-USD	+0.0644%	1h	8.8393	+0.070%	$232K	$32K	10x	as long as short