Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.001%

Price spread now: KuCoin against Nado+0.028%7-day average −0.026% · 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−$39as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.028%, 7d avg −0.026%

Together, before fees−0.063%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	8.8495	0.0022	pay 0.0003% / 1h	58m 28s	$735K	$4.7M	10x
Short	KuCoin UNIUSDTM	8.8520	0.0100	get 0.0100% / 8h	58m 28s	$13.0M	$13.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $16.44
Price spread: +0.028% → −0.026%: $5.47
Slippage, 4 orders: −$25.31
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.4
Costs to cover: 0.443%
Break-even: 16.5 days

Slippage from Nado: live order book, 6 min ago; KuCoin: live order book, 10 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, 6 min ago	0.68 bp	5.3 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.56 bp	13.6 bp −$14	21.3 bp −$213	60.8 bp −$6,077	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
Kraken Futures PF_UNIUSD	−0.0307%	1h	8.8617	+0.138%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0064%	1h	8.8515	+0.023%	$442	$5	10x	as long as short
Polymarket Perps UNI-USD	−0.0058%	1h	8.8492	−0.003%	$106K	$616K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8597	+0.115%	$49K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0005%	1h	8.8624	+0.146%	$584K	$250K	50x	as long as short
Nado UNI-PERPlong	+0.0022%	1h	8.8495	long leg	$735K	$4.7M	10x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.220%	$660	$153K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8635	+0.158%	$4.4M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8484	−0.012%	$25K	—	20x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8623	+0.145%	$94.3M	$67.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8558	+0.071%	$725K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8540	+0.051%	$283K	$590K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8510	+0.017%	$213.9M	$657.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8470	−0.028%	$98.0M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8490	−0.006%	$53.9M	$263.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8580	+0.096%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8510	+0.017%	$25.2M	$65.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8500	+0.006%	$48.3M	$26.0M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	8.8520	+0.028%	$13.0M	$13.4M	75x
Bitget UNIUSDT	+0.0100%	8h	8.8500	+0.006%	$32.5M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8490	−0.006%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8610	+0.130%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8510	+0.016%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8559	+0.073%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8480	−0.017%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8620	+0.141%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8640	+0.164%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8590	+0.107%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8710	+0.243%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8560	+0.073%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8677	+0.206%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8590	+0.107%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8463	−0.036%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8565	+0.079%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8710	+0.243%	$924K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8580	+0.096%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0380%	1h	8.8474	−0.023%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8594	+0.112%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0506%	1h	8.8701	+0.233%	$947	$53K	10x	as long as short
dYdX UNI-USD	+0.0676%	1h	8.8536	+0.047%	$233K	$30K	10x	as long as short