Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: Nado against Variational Omni+0.671%7-day average +0.058% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.051%+$5 on $10k

Price spread, last 7 days−0.538%−$54 · spread now +0.671%, 7d avg +0.058%

Together, before fees−0.487%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$49 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 0.613% dearer against Variational Omni than usual: you sell high and buy low, +$61 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	Variational Omni UNI	9.0398	0.0100	pay 0.0100% / 8h	4h 21m	$4.3M	$4.1M	—
Short	Nado UNI-PERP	9.1005	0.0100	get 0.0012% / 1h	21m 53s	$894K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee NadobpOrdersPrice spread, now +0.671%Rate

Funding earned: $0
Price spread: +0.671% → +0.058%: $61.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $54.33
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Nado: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	3.26 bp	doesn't fit	13.5 bp −$135	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	1.05 bp	5.8 bp −$6	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.0977	+0.640%	$41K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.321%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.1065	+0.738%	$454	$5	10x	as long as short
Nado UNI-PERPshort	+0.0100%	1h	9.1005	+0.671%	$894K	$4.4M	10x
Aster UNIUSDT	+0.0100%	8h	9.0980	+0.644%	$831K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0806	+0.451%	$295K	$599K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0890	+0.544%	$223.6M	$637.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0860	+0.511%	$102.2M	$110.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0820	+0.467%	$55.3M	$261.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1150	+0.832%	$315K	$651K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.0890	+0.544%	$23.6M	$63.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0870	+0.522%	$48.0M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0920	+0.577%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0850	+0.500%	$33.6M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0890	+0.544%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0956	+0.617%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNIlong	+0.0100%	8h	9.0398	long leg	$4.3M	$4.1M	—
edgeX UNIUSDC	+0.0100%	4h	9.0620	+0.245%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0350	−0.053%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0730	+0.367%	$93K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0630	+0.256%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1040	+0.710%	$88K	$427K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0960	+0.621%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1105	+0.782%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0910	+0.566%	$22K	$790K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.798%	$728K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0890	+0.544%	$27.5M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0825	+0.473%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0806	+0.451%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0975	+0.638%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0128%	1h	9.0783	+0.425%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0184%	1h	9.1031	+0.700%	$4.6M	$5.8M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0208%	1h	9.1014	+0.682%	$583K	$193K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0770	+0.411%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0990	+0.655%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0983	+0.647%	$5.0M	$7.9M	50x	as long as short
Hyperliquid UNI	+0.0358%	1h	9.0966	+0.628%	$98.5M	$62.4M	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0956	+0.617%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0970	+0.633%	$648K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0989%	1h	9.0679	+0.311%	$914	$46K	10x	as long as short