Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.1% APRpaid last 24h +0.047%

Price spread now: Hyperliquid against Paradex+0.164%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Hyperliquid

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 airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.164% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex UNI-USD-PERP	9.0708	0.0100	pay 0.0100% / 8h	6h 09m	$26K	—	20x
Short	Hyperliquid UNI	9.0857	0.0229	get 0.0029% / 1h	9m 32s	$98.8M	$58.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Position, each leg$Hold fordaysFee ParadexbpFee HyperliquidbpOrdersPrice spread, now +0.164%Rate

Funding earned: $26.98
Price spread: +0.164% → 0.000%: $16.42
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $30.4
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	0.38 bp	7.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

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	9.0901	+0.213%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.655%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0716	+0.009%	$453	$5	10x	as long as short
dYdX UNI-USD	+0.0088%	1h	9.0720	+0.013%	$239K	$30K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0096%	1h	9.0876	+0.185%	$590K	$188K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0750	+0.046%	$966K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0805	+0.107%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0752	+0.048%	$296K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0867	+0.175%	$227.4M	$612.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0880	+0.190%	$101.8M	$107.8M	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	9.0710	+0.002%	$56.1M	$255.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0870	+0.179%	$288K	$640K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0750	+0.046%	$23.3M	$59.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0800	+0.101%	$49.7M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0760	+0.057%	$13.7M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0740	+0.035%	$33.3M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0900	+0.212%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0783	+0.083%	$996K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1039	+0.365%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0969	+0.287%	$171K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1109	+0.442%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	+0.267%	$89K	$700K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0950	+0.267%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0839	+0.144%	$87K	$410K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0830	+0.134%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0969	+0.288%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0790	+0.090%	$22K	$728K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.256%	$722K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0830	+0.134%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	9.0708	long leg	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	9.0708	0.000%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0848	+0.154%	$32K	—	3x	as long as short
Hyperliquid UNIshort	+0.0229%	1h	9.0857	+0.164%	$98.8M	$58.6M	10x
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.0860	+0.167%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.0771	+0.070%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0906	+0.218%	$646K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0422%	1h	9.0807	+0.109%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0504%	1h	9.0915	+0.228%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0949%	1h	9.1034	+0.359%	$1K	$48K	10x	as long as short