Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Paradex against GRVT+0.030%51s7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.030% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	GRVT UNI_USDT_Perp	8.9094	0.0100	pay 0.0100% / 8h	1h 10m	$628K	$2.5M	10x
Short	Paradex UNI-USD-PERP	8.9120	0.0100	get 0.0100% / 8h	1h 10m	$25K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GRVT. 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 GRVTbpFee ParadexbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$0.02
Price spread: +0.030% → 0.000%: $2.96
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.06
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; 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 GRVT live order book, 3 min ago	1.12 bp	13.1 bp −$13	17.7 bp −$177	4373.9 bp −$437.4K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 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
Variational Omni UNI	−0.0045%	8h	8.9174	+0.090%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9212	+0.133%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0012%	8h	8.9170	+0.085%	$101.8M	$104.8M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.891%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0052%	8h	8.9110	+0.018%	$55.1M	$246.1M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9175	+0.091%	$445	—	10x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	8.9120	+0.030%	$25K	—	20x
Nado UNI-PERP	+0.0100%	1h	8.9115	+0.024%	$942K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9193	+0.112%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9195	+0.114%	$301K	$577K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9200	+0.119%	$219.5M	$590.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9240	+0.164%	$275K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9150	+0.063%	$23.0M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9180	+0.097%	$43.1M	$24.6M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9110	+0.018%	$13.6M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9090	−0.004%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9180	+0.097%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9371	+0.311%	$992K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9018	−0.085%	$167K	$342K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	8.9094	long leg	$628K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	8.9000	−0.105%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9410	+0.355%	$107K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9163	+0.078%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9380	+0.321%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9373	+0.313%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9375	+0.316%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9512	+0.469%	$731K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9350	+0.287%	$26.9M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9112	+0.020%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9392	+0.334%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0108%	1h	8.9208	+0.128%	$247K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0128%	1h	8.9426	+0.372%	$568K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9320	+0.254%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9460	+0.411%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0338%	1h	8.9438	+0.387%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	8.9095	+0.001%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9190	+0.108%	$558K	—	120x	as long as short
Hyperliquid UNI	+0.0420%	1h	8.9262	+0.189%	$98.3M	$59.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.0647%	1h	8.9190	+0.108%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0656%	1h	8.9373	+0.313%	$4.6M	$5.2M	15x	as long as short