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% APRpaid last 24h −0.018%

Price spread now: OKX against Nado+0.028%7-day average −0.044% · 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−$19as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.028%, 7d avg −0.044%

Together, before fees−0.109%+ Points / potential airdropNado: Active · farm board−$11 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: OKX is 0.072% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.0215	0.0100	pay 0.0012% / 1h	46m 32s	$971K	$4.4M	10x
Short	OKX UNI-USDT-SWAP	9.0240	0.0100	get 0.0100% / 8h	3h 46m	$54.9M	$261.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.044%: $7.2
Slippage, 4 orders: −$8.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.68
Costs to cover: 0.259%
Break-even: 1919010216654083.3 days

Slippage from Nado: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	0.66 bp	5.6 bp −$6	13.5 bp −$135	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.55 bp	7.7 bp −$8	14.4 bp −$144	55.5 bp −$5,549	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	9.0307	+0.102%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.123%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0252	+0.041%	$450	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0413	+0.219%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.0215	long leg	$971K	$4.4M	10x
Hyperliquid UNI	+0.0100%	1h	9.0451	+0.262%	$97.7M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0390	+0.194%	$813K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0322	+0.119%	$293K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0250	+0.039%	$221.9M	$641.1M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0220	+0.006%	$101.4M	$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-SWAPshort	+0.0100%	8h	9.0240	+0.028%	$54.9M	$261.1M	50x
Arcus UNI-USD	+0.0100%	1h	9.0340	+0.139%	$315K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0280	+0.072%	$23.7M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0300	+0.094%	$47.4M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0290	+0.083%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0280	+0.072%	$33.3M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0280	+0.072%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0320	+0.116%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.195%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0228	+0.015%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0227	+0.013%	$639K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0260	+0.050%	$95K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	+0.094%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0296	+0.090%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0290	+0.083%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0382	+0.185%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0249	+0.038%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0526	+0.345%	$723K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0280	+0.072%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0235	+0.022%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0214	−0.001%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0259	+0.049%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0168%	1h	9.0305	+0.100%	$579K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0320	+0.116%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0270	+0.061%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0304	+0.099%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0252	+0.041%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0287	+0.079%	$643K	—	120x	as long as short
dYdX UNI-USD	+0.0393%	1h	9.0312	+0.108%	$238K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0873%	1h	9.0388	+0.192%	$1K	$45K	10x	as long as short