Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Binance against Nado−0.458%48s7-day average −0.019% · 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—prices read too far apart to compare

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

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.406%+$41 · spread now −0.458%, 7d avg −0.019%

Together, before fees+0.408%+ Points / potential airdropNado: Active · farm board+$41 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: Binance is 0.439% cheaper against Nado than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.1650	0.0100	pay 0.0012% / 1h	58m 48s	$964K	$4.3M	10x
Short	Binance UNIUSDT	9.1230	0.0100	get 0.0100% / 8h	5h 58m	$228.9M	$607.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.458%Rate

Funding earned: $0
Price spread: −0.458% → −0.019%: −$43.91
Slippage, 4 orders: −$7.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.13
Costs to cover: 0.242%
Break-even: 6999404880045285.0 days

Slippage from Nado: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago	0.44 bp	5.2 bp −$5	14.2 bp −$142	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.55 bp	6.0 bp −$6	13.5 bp −$135	44.9 bp −$4,486	163.1 bp −$81.6K

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	9.1629	−0.023%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.655%	$660	$154K	12x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.1650	long leg	$964K	$4.3M	10x
Aster UNIUSDT	+0.0100%	8h	9.1380	−0.294%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1800	+0.164%	$300K	$564K	10x	as long as short
Binance UNIUSDTshort	+0.0100%	8h	9.1230	−0.458%	$228.9M	$607.8M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1160	−0.535%	$102.4M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1180	−0.513%	$56.4M	$253.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1910	+0.284%	$291K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1330	−0.349%	$23.4M	$58.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC UNI_USDT	+0.0100%	8h	9.1330	−0.349%	$49.7M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1280	−0.404%	$13.7M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1310	−0.371%	$33.5M	$42.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1330	−0.349%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1713	+0.069%	$1.0M	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.250%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1882	+0.253%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	+0.097%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1940	+0.316%	$90K	$698K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1860	+0.229%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1702	+0.057%	$90K	$409K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1670	+0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1698	+0.052%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1680	+0.033%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1808	+0.172%	$729K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1730	+0.087%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1704	+0.059%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1299	−0.383%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1688	+0.041%	$33K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0181%	1h	9.1694	+0.048%	$595K	$188K	50x	as long as short
01 Exchange UNIUSD	+0.0192%	1h	9.1772	+0.133%	$458	$5	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1707	+0.062%	$5.1M	$6.9M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1880	+0.251%	$1.1M	$4.7M	50x	as long as short
dYdX UNI-USD	+0.0361%	1h	9.1248	−0.439%	$240K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1626	−0.026%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1622	−0.031%	$652K	—	120x	as long as short
Hyperliquid UNI	+0.0528%	1h	9.1431	−0.239%	$99.5M	$59.2M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.1447	−0.221%	$4.8M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.0917%	1h	9.1694	+0.048%	$1K	$47K	10x	as long as short