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: Nado against OKX+0.095%49s7-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—prices read too far apart to compare

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

Long on OKX Short on Nado

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−0.044%−$4 · spread now +0.095%, 7d avg +0.044%

Together, before fees−0.014%+ Points / potential airdropNado: Active · farm board−$1 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: Nado is 0.051% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 49 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	OKX UNI-USDT-SWAP	8.9220	0.0100	pay 0.0100% / 8h	3h 19m	$54.2M	$261.1M	50x
Short	Nado UNI-PERP	8.9305	0.0100	get 0.0012% / 1h	19m 40s	$940K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.044%: $5.1
Slippage, 4 orders: −$8.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.83
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Nado: live order book, 4 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 OKX live order book, 4 min ago	0.56 bp	6.8 bp −$7	12.6 bp −$126	81.9 bp −$8,186	doesn't fit
Sell Nado live order book, 4 min ago	0.45 bp	5.5 bp −$5	14.8 bp −$148	doesn't fit	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
01 Exchange UNIUSD	0.0000%	1h	8.9362	+0.159%	$446	$5	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9377	+0.176%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.031%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.9343	+0.138%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9221	+0.002%	$25K	—	20x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	8.9305	+0.095%	$940K	$4.5M	10x
Hyperliquid UNI	+0.0100%	1h	8.9353	+0.149%	$94.9M	$64.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9289	+0.078%	$780K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9260	+0.045%	$288K	$612K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9260	+0.045%	$219.2M	$647.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9250	+0.034%	$100.1M	$111.7M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.9220	long leg	$54.2M	$261.1M	50x
Arcus UNI-USD	+0.0100%	1h	8.9430	+0.235%	$320K	$664K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9280	+0.067%	$23.8M	$64.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9230	+0.011%	$47.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9240	+0.022%	$13.2M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9240	+0.022%	$32.9M	$45.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9260	+0.045%	—	$56.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9308	+0.099%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9179	−0.046%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9270	+0.056%	$169K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9410	+0.213%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9340	+0.134%	$91K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9330	+0.123%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9365	+0.163%	$87K	$438K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9380	+0.179%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9406	+0.208%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9320	+0.112%	$31K	$811K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9500	+0.314%	$694K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9280	+0.067%	$27.0M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9200	−0.022%	$289K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9337	+0.132%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0153%	1h	8.9423	+0.227%	$573K	$208K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.9440	+0.247%	$929K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9170	−0.056%	$10.2M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0256%	1h	8.9244	+0.027%	$235K	$30K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0272%	1h	8.9381	+0.181%	$4.9M	$8.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.9330	+0.123%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.9375	+0.174%	$636K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0766%	1h	8.9428	+0.234%	$960	$45K	10x	as long as short