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Funding arb · Price arb /

UNI

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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Backpack against Nado+0.047%7-day average +0.460% · 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−$64as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Long on NadoShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.011%+$1 on $10k
Price spread, last 7 days+0.468%+$47 · spread now +0.047%, 7d avg +0.460%
Together, before fees+0.479%+ Points / potential airdropNado: Active · farm board+$48 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: Backpack is 0.413% cheaper against Nado than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.460%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado UNI-PERP8.90600.0100pay 0.0012% / 1h21m 54s$861K$4.0M10x
ShortBackpack UNI_USDC_PERP8.91020.0100get 0.0013% / 1h21m 54s$988K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack 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

Funding earned
$0
Price spread: +0.047% → +0.460%
−$41.26
Slippage, 4 orders
−$5.32
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$63.58
Costs to cover
0.223%
Break-even
6531753798709218.0 days
Slippage from Nado: live order book, 2 min ago; Backpack: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 2 min ago0.06 bp4.4 bp −$412.6 bp −$126doesn't fitdoesn't fit
Sell Backpack live order book, 2 min ago0.22 bp5.6 bp −$6148.9 bp −$1,489doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni UNI−0.0161%8h8.9562+0.564%$4.0M$4.6M—as long as short
Bybit UNIUSDT−0.0115%8h8.9070+0.011%$101.6M$106.0M75xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.9139+0.088%$564K$138K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0006%1h8.9149+0.100%$80K—150xas long as short
OKX UNI-USDT-SWAP+0.0023%8h8.9080+0.022%$54.8M$248.4M50xas long as short
01 Exchange UNIUSD+0.0024%1h8.9164+0.117%$445—10xas long as short
dYdX UNI-USD+0.0073%1h8.9126+0.074%$247K$5K10xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9062+0.002%$25K—20xas long as short
Nado UNI-PERPlong+0.0100%1h8.9060long leg$861K$4.0M10x
Aster UNIUSDT+0.0100%8h8.9109+0.055%$1.0M$3.4M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9116+0.063%$301K$564K10xas long as short
Binance UNIUSDT+0.0100%8h8.9090+0.034%$217.7M$595.1M75xas long as short
Arcus UNI-USD+0.0100%1h8.9220+0.180%$275K$612K10xas long as short
Gate UNI_USDT+0.0100%8h8.9090+0.034%$23.1M$59.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9090+0.034%$43.2M$24.7M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9110+0.056%$13.5M$13.9M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9080+0.022%$32.3M$41.5M75xas long as short
BingX UNI-USDT+0.0100%8h8.9100+0.045%—$49.9M—as long as short
Backpack UNI_USDC_PERPshort+0.0100%1h8.9102+0.047%$988K$2.3M10x
edgeX UNIUSDC+0.0100%4h8.9369+0.347%$168K$341K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9440+0.427%$628K$2.6M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9430+0.415%$84K$712K50xas long as short
StandX UNI-USD+0.0100%1h8.9180+0.135%$106K$3.2M20xas long as short
Polymarket Perps UNI-USD+0.0100%1h8.9150+0.101%$94K$331K10xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9070+0.011%$16K$1.7M10xas long as short
SunX UNI-USDT+0.0100%8h8.9151+0.102%$36K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9074+0.016%$25K$666K10xas long as short
HTX UNI-USDT+0.0100%8h8.9177+0.131%$727K$4.3M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9110+0.056%$26.9M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.8982−0.088%$308K$1.5M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9080+0.022%$32K$1K3xas long as short
Coinbase International UNI-PERP-INTX+0.0200%1h8.9400+0.382%$1.0M$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9130+0.079%$9.8M$3.4M75xas long as short
Kraken Futures PF_UNIUSD+0.0267%1h8.9137+0.087%$5.0M$7.1M50xas long as short
Hyperliquid UNI+0.0294%1h8.9186+0.141%$97.1M$59.8M10xas long as short
Reya UNIRUSDPERP+0.0360%1h8.9101+0.046%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0379% / S −0.0320%1h8.9162+0.115%$559K—120xas long as short
Aftermath Perps UNIUSD+0.0523%1h8.9217+0.176%$1K$50K10xas long as short
Lighter UNI+0.0560%1h8.9261+0.226%$4.6M$5.4M15xas long as short
Injective UNI/USDC PERP+0.2702%1h8.7900−1.302%$657$97K12xas long as short