Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.170%

Price spread now: Injective against Paradex−4.006%99s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Injective

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.006% cheaper against Paradex than usual: you would sell low and buy high (−$401 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 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	Paradex UNI-USD-PERP	9.1985	0.0100	pay 0.0100% / 8h	7h 39m	$26K	—	20x
Short	Injective UNI/USDC PERP	8.8300	0.0033	get 0.0004% / 1h	39m 25s	$660	$154K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.006%Rate

Funding earned: −$14.03
Price spread: −4.006% → 0.000%: −$400.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$418.68
Costs to cover: 0.040%
Break-even: never at this rate

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

Paradex and Injective: 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
Phemex UNIUSDT	−0.0065%	8h	9.2000	+0.016%	$27.8M	$4.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.2003	+0.019%	$75K	—	150x	as long as short
Injective UNI/USDC PERPshort	+0.0033%	1h	8.8300	−4.006%	$660	$154K	12x
01 Exchange UNIUSD	+0.0064%	1h	9.2085	+0.109%	$460	—	10x	as long as short
OKX UNI-USDT-SWAP	+0.0097%	8h	9.2030	+0.049%	$56.6M	$256.2M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1943	−0.046%	$972K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2137	+0.165%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2050	+0.070%	$309K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.2057	+0.078%	$230.4M	$591.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.2000	+0.016%	$103.6M	$106.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2140	+0.168%	$274K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.2000	+0.016%	$23.2M	$58.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.2030	+0.049%	$45.0M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2050	+0.070%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.2010	+0.027%	$33.7M	$41.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.2000	+0.016%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.2108	+0.134%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1681	−0.331%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1739	−0.268%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1211	−0.842%	$637K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1780	−0.223%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1770	−0.234%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.2062	+0.084%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2090	+0.114%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2156	+0.186%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2093	+0.117%	$22K	$702K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2159	+0.189%	$737K	$4.4M	75x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	9.1985	long leg	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	9.1961	−0.026%	$306K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2095	+0.119%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0137%	1h	9.2015	+0.033%	$254K	$7K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1850	−0.147%	$10.1M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0239%	1h	9.2134	+0.161%	$594K	$178K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.2150	+0.179%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1993	+0.008%	$17K	—	20x	as long as short
Kraken Futures PF_UNIUSD	+0.0381%	1h	9.2151	+0.181%	$5.1M	$7.0M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.2001	+0.017%	$583K	—	120x	as long as short
Hyperliquid UNI	+0.0479%	1h	9.2183	+0.215%	$101.4M	$59.7M	10x	as long as short
Lighter UNI	+0.0840%	1h	9.2217	+0.252%	$4.7M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0851%	1h	9.1506	−0.521%	$1K	$49K	10x	as long as short