Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.045%

Price spread now: Paradex against GMX+0.030%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.030% dearer against GMX than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX UNI/USD [UNI-USDC]	9.0950	L +0.0381% / S −0.0244%	pay 0.0048% / 1h	23m 36s	$647K	—	120x
Short	Paradex UNI-USD-PERP	9.0978	0.0100	get 0.0100% / 8h	6h 23m	$26K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GMX. 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 GMXbpFee ParadexbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$59.01
Price spread: +0.030% → 0.000%: $3.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$71.99
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	9.0967	+0.018%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0018%	1h	9.1055	+0.114%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.914%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.0964	+0.015%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0935	−0.017%	$951K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1062	+0.123%	$98.8M	$60.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1210	+0.285%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1093	+0.156%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0918	−0.035%	$227.0M	$610.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0900	−0.055%	$101.8M	$107.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0910	−0.044%	$56.2M	$255.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1020	+0.076%	$288K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0990	+0.043%	$23.3M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1050	+0.109%	$49.9M	$26.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1140	+0.208%	$13.5M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0930	−0.022%	$33.3M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0980	+0.033%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1118	+0.184%	$998K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.407%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	−0.546%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0859	−0.100%	$632K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0890	−0.066%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0990	+0.043%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0969	+0.020%	$86K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	+0.142%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1024	+0.081%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1060	+0.120%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1054	+0.114%	$724K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1060	+0.120%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	9.0978	+0.030%	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	9.0951	0.000%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1079	+0.141%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1020	+0.076%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0336%	1h	9.1129	+0.197%	$591K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0897	−0.059%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0244%	1h	9.0950	long leg	$647K	—	120x
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1120	+0.186%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0448%	1h	9.1250	+0.329%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.0544	−0.447%	$948	$48K	10x	as long as short