Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Nado+0.091%61s7-day average +0.082% · 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−$380.381% of the position

Long on Nado Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.635%−$63 · spread now +0.091%, 7d avg +0.082%

Together, before fees−0.631%+ Points / potential airdropNado: Active · farm board−$63 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.0397	0.0100	pay 0.0012% / 1h	47m 45s	$973K	$4.4M	10x
Short	ApeX Omni UNIUSDT	9.0480	0.0100	get 0.0013% / 1h	47m 45s	$95K	$701K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.082%: $0.92
Slippage, 4 orders: −$21.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.14
Costs to cover: 0.381%
Break-even: 3815906559344668.5 days

Slippage from Nado: live order book, 1 min ago; ApeX Omni: live order book, 6 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	0.66 bp	5.6 bp −$6	13.5 bp −$135	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	6.08 bp	13.5 bp −$13	107.5 bp −$1,075	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	9.0407	+0.011%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.320%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0424	+0.029%	$451	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0540	+0.158%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.0397	long leg	$973K	$4.4M	10x
Hyperliquid UNI	+0.0100%	1h	9.0461	+0.070%	$97.8M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0429	+0.034%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0474	+0.085%	$294K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0366	−0.035%	$222.1M	$641.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0340	−0.064%	$101.6M	$111.4M	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	9.0350	−0.053%	$55.0M	$261.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0560	+0.180%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0360	−0.041%	$23.8M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0370	−0.030%	$47.4M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0390	−0.008%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0350	−0.053%	$33.3M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0350	−0.053%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0459	+0.068%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.396%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.058%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	−0.019%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0480	+0.091%	$95K	$701K	50x
StandX UNI-USD	+0.0100%	1h	9.0260	−0.152%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0498	+0.111%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0380	−0.019%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0604	+0.228%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0400	+0.003%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0533	+0.150%	$726K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0430	+0.036%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0496	+0.109%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0325	−0.080%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0398	0.000%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0204%	1h	9.0447	+0.054%	$579K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0460	+0.069%	$946K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0280	−0.130%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0449	+0.057%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0432	+0.038%	$17K	—	20x	as long as short
dYdX UNI-USD	+0.0375%	1h	9.0485	+0.096%	$238K	$30K	10x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0387	−0.012%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0878%	1h	9.0472	+0.082%	$1K	$45K	10x	as long as short