Settings8H · net · $10k
Funding arb · Price arb /

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.093%
Price spread now: GMX against Paradex+0.087%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.087% dearer against Paradex than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex UNI-USD-PERP8.88250.0100pay 0.0100% / 8h2h 36m$25K20x
ShortGMX UNI/USD [UNI-USDC]8.8903L +0.0381% / S −0.0244%get 0.0030% / 1h36m 49s$633K120x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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

Funding earned
$30.2
Price spread: +0.087% → 0.000%
$8.75
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee GMX: 6 bp × 2 orders
−$12
Net
$22.95
Costs to cover
0.160%
Break-even
1.7 days
Slippage unknown: Paradex: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell GMX no order-book sample
Paradex and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado UNI-PERP−0.0132%1h8.8810−0.017%$802K$4.7M10xas long as short
01 Exchange UNIUSD−0.0064%1h8.8844+0.021%$443$510xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.8951+0.141%$4.8M$8.5M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8900+0.084%$49K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.592%$660$153K12xas long as short
Polymarket Perps UNI-USD+0.0083%1h8.8843+0.020%$99K$500K10xas long as short
Lighter UNI+0.0096%1h8.9019+0.218%$4.5M$5.5M15xas long as short
Paradex UNI-USD-PERPlong+0.0100%8h8.8825long leg$25K20x
Aster UNIUSDT+0.0100%8h8.9039+0.240%$754K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8841+0.018%$284K$612K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9046+0.248%$216.4M$658.9M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9020+0.219%$99.5M$112.5M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9030+0.230%$53.9M$264.5M50xas long as short
Arcus UNI-USD+0.0100%1h8.8890+0.073%$317K$700K10xas long as short
Gate UNI_USDT+0.0100%8h8.9020+0.219%$24.2M$64.8M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8960+0.151%$46.7M$26.3M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9010+0.208%$13.1M$13.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9050+0.253%$32.8M$46.5M75xas long as short
BingX UNI-USDT+0.0100%8h8.9020+0.219%$57.1Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8999+0.195%$1.0M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8420−0.456%$4.1M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h8.8330−0.558%$167K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8517−0.348%$617K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.8320−0.569%$90K$706K50xas long as short
StandX UNI-USD+0.0100%1h8.8600−0.254%$15K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8910+0.095%$16K$1.6M10xas long as short
SunX UNI-USDT+0.0100%8h8.8946+0.136%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8908+0.093%$26K$854K10xas long as short
HTX UNI-USDT+0.0100%8h8.8960+0.151%$710K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8880+0.061%$26.9M$4.3M50xas long as short
Extended UNI-USD+0.0104%1h8.8955+0.145%$286K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8905+0.090%$32K3xas long as short
Hyperliquid UNI+0.0141%1h8.9149+0.364%$94.9M$66.4M10xas long as short
dYdX UNI-USD+0.0163%1h8.8827+0.001%$234K$31K10xas long as short
Coinbase International UNI-PERP-INTX+0.0184%1h8.8970+0.163%$930K$5.8M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0201%1h8.8954+0.145%$570K$202K50xas long as short
BloFin UNI-USDT+0.0220%8h8.8910+0.095%$10.1M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0376%1h8.8854+0.032%$16K20xas long as short
GMX UNI/USD [UNI-USDC]shortL +0.0381% / S −0.0244%1h8.8903+0.087%$633K120x
Aftermath Perps UNIUSD+0.0625%1h8.8681−0.163%$951$45K10xas long as short