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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Nado+0.214%7-day average +0.058% · 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−$12as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Nado Short on Polymarket Perps

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)−0.153%−$15 · spread now +0.214%, 7d avg +0.058%

Together, before fees−0.150%+ Points / potential airdropNado: Active · farm board−$15 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: Polymarket Perps is 0.156% dearer against Nado than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado UNI-PERP	9.1630	0.0100	pay 0.0012% / 1h	56m 33s	$958K	$4.3M	10x
Short	Polymarket Perps UNI-USD	9.1826	0.0100	get 0.0013% / 1h	56m 33s	$90K	$410K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.214%Rate

Funding earned: $0
Price spread: +0.214% → +0.058%: $15.62
Slippage, 4 orders: −$12.52
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.9
Costs to cover: 0.275%
Break-even: 1222213252675144.8 days

Slippage from Nado: live order book, 2 min ago; Polymarket Perps: 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, 2 min ago	0.60 bp	6.1 bp −$6	15.5 bp −$155	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.40 bp	8.8 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit

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 −0.0006%	1h	9.1810	+0.196%	$24K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.634%	$660	$154K	12x	as long as short
Nado UNI-PERPlong	+0.0100%	1h	9.1630	long leg	$958K	$4.3M	10x
Aster UNIUSDT	+0.0100%	8h	9.1758	+0.139%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2037	+0.444%	$301K	$564K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1893	+0.287%	$230.6M	$606.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1670	+0.044%	$103.2M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1710	+0.087%	$57.0M	$255.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.2080	+0.491%	$292K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.2020	+0.426%	$23.6M	$58.7M	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	9.1900	+0.295%	$49.9M	$24.9M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1780	+0.164%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1840	+0.229%	$33.7M	$42.5M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2000	+0.404%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1299	−0.361%	$996K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.272%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1882	+0.275%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1282	−0.380%	$636K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1700	+0.076%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1210	−0.458%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.1826	+0.214%	$90K	$410K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1180	−0.491%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1179	−0.492%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1130	−0.546%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1308	−0.351%	$725K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1170	−0.502%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2013	+0.418%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1953	+0.353%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1162	−0.510%	$32K	—	3x	as long as short
01 Exchange UNIUSD	+0.0168%	1h	9.2031	+0.438%	$459	$5	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1152	−0.521%	$5.1M	$7.0M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1210	−0.458%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0322%	1h	9.1199	−0.470%	$592K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1877	+0.269%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1162	−0.511%	$649K	—	120x	as long as short
dYdX UNI-USD	+0.0449%	1h	9.2004	+0.409%	$242K	$30K	10x	as long as short
Lighter UNI	+0.0672%	1h	9.2194	+0.616%	$4.8M	$5.5M	15x	as long as short
Hyperliquid UNI	+0.0699%	1h	9.2038	+0.445%	$100.2M	$59.3M	10x	as long as short
Aftermath Perps UNIUSD	+0.0928%	1h	9.1534	−0.105%	$1K	$47K	10x	as long as short