Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Gate+0.103%7-day average +0.037% · 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−$31as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Gate Short on Nado

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 7 days−0.021%−$2 · spread now +0.103%, 7d avg +0.037%

Together, before fees−0.027%+ Points / potential airdropNado: Active · farm board−$3 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 0.067% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate UNI_USDT	9.1830	0.0100	pay 0.0100% / 8h	6h 01m	$23.6M	$59.5M	75x
Short	Nado UNI-PERP	9.1925	0.0100	get 0.0012% / 1h	1m 52s	$975K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.037%: $6.69
Slippage, 4 orders: −$16.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$31.33
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 2 min ago	1.09 bp	11.5 bp −$12	21.0 bp −$210	45.6 bp −$4,565	71.5 bp −$35.7K
Sell Nado live order book, 2 min ago	0.44 bp	5.9 bp −$6	14.9 bp −$149	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1929	+0.108%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.844%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1964	+0.146%	$459	$5	10x	as long as short
dYdX UNI-USD	+0.0077%	1h	9.1842	+0.013%	$242K	$30K	10x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	9.1925	+0.103%	$975K	$4.3M	10x
Aster UNIUSDT	+0.0100%	8h	9.1888	+0.063%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1860	+0.033%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1860	+0.033%	$229.9M	$607.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1860	+0.033%	$103.1M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1850	+0.022%	$56.8M	$255.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1940	+0.120%	$291K	$618K	10x	as long as short
Gate UNI_USDTlong	+0.0100%	8h	9.1830	long leg	$23.6M	$59.5M	75x
MEXC UNI_USDT	+0.0100%	8h	9.1850	+0.022%	$49.8M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1840	+0.011%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1830	0.000%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1830	0.000%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1792	−0.041%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1159	−0.731%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1120	−0.773%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1496	−0.364%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1140	−0.751%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1620	−0.229%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1970	+0.152%	$88K	$406K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1780	−0.054%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1922	+0.100%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1805	−0.027%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1912	+0.089%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1780	−0.054%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1785	−0.049%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1783	−0.051%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1800	−0.033%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0280%	1h	9.2020	+0.207%	$100.2M	$59.1M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1840	+0.011%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0332%	1h	9.1845	+0.016%	$596K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1902	+0.078%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1936	+0.115%	$655K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1858	+0.030%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0520%	1h	9.2063	+0.254%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0907%	1h	9.1479	−0.382%	$1K	$48K	10x	as long as short