UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against Deribit+0.027%7-day average −0.094% · 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−$28as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.826%−$83 · spread now +0.027%, 7d avg −0.094%

Together, before fees−0.860%+ Points / potential airdropNado: Active · farm board−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.121% dearer against Deribit than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.094%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 3 days (−0.034% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.1413	0.0199	pay 0.0025% / 1h	8m 16s	$585K	$193K	50x
Short	Nado UNI-PERP	9.1438	0.0100	get 0.0012% / 1h	8m 16s	$953K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.027%Rate

Funding earned: −$20.79
Price spread: +0.027% → −0.094%: $12.06
Slippage, 4 orders: −$25.63
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.36
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Deribit: live order book, 56 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 Deribit live order book, 56 min ago	7.07 bp	10.7 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	1.58 bp	7.2 bp −$7	17.1 bp −$171	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	9.1356	−0.062%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.405%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1492	+0.086%	$457	$5	10x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	9.1438	+0.027%	$953K	$4.3M	10x
Aster UNIUSDT	+0.0100%	8h	9.1503	+0.098%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1509	+0.105%	$298K	$580K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1306	−0.117%	$226.1M	$622.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1210	−0.222%	$102.5M	$110.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1200	−0.233%	$56.6M	$257.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1500	+0.095%	$290K	$618K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1300	−0.124%	$23.4M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1250	−0.178%	$49.1M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1370	−0.047%	$13.7M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1330	−0.091%	$33.5M	$43.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1330	−0.091%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1513	+0.109%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	+0.234%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1809	+0.433%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1990	+0.631%	$640K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.762%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2020	+0.664%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1484	+0.078%	$88K	$419K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1350	−0.069%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1405	−0.009%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1360	−0.058%	$22K	$784K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1426	+0.014%	$721K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1230	−0.200%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1551	+0.151%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1318	−0.104%	$311K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1129	−0.310%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0119%	1h	9.1368	−0.050%	$241K	$31K	10x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0199%	1h	9.1413	long leg	$585K	$193K	50x
BloFin UNI-USDT	+0.0220%	8h	9.1490	+0.084%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1400	−0.014%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1380	−0.036%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1430	+0.019%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1314	−0.108%	$651K	—	120x	as long as short
Hyperliquid UNI	+0.0552%	1h	9.1614	+0.220%	$99.9M	$61.6M	10x	as long as short
Lighter UNI	+0.0568%	1h	9.1390	−0.025%	$4.6M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1030%	1h	9.1837	+0.464%	$922	$47K	10x	as long as short