Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.026%

Price spread now: Kraken Futures against Paradex+0.134%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 Kraken Futures

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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.134% dearer against Paradex than usual: you sell high and buy low: +$13 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	9.1587	0.0100	pay 0.0100% / 8h	7h 37m	$26K	—	20x
Short	Kraken Futures PF_UNIUSD	9.1710	0.0383	get 0.0048% / 1h	37m 01s	$5.1M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.134%Rate

Funding earned: $59.38
Price spread: +0.134% → 0.000%: $13.43
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $58.81
Costs to cover: 0.140%
Break-even: 0.1 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	7.61 bp	17.8 bp −$18	19.3 bp −$193	50.9 bp −$5,090	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 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.1660	+0.079%	$591K	$178K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.1653	+0.071%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.589%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1668	+0.088%	$457	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1635	+0.052%	$969K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1700	+0.123%	$1.1M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1664	+0.084%	$308K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1421	−0.182%	$228.8M	$594.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1460	−0.139%	$103.3M	$106.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1490	−0.106%	$56.4M	$255.3M	50x	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	9.1720	+0.145%	$273K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1580	−0.008%	$23.0M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1420	−0.183%	$44.7M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1440	−0.161%	$13.8M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1460	−0.139%	$33.6M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1420	−0.183%	—	$53.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1577	−0.011%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1681	+0.102%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.490%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	−0.019%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2070	+0.527%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2040	+0.494%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1704	+0.127%	$86K	$375K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1620	+0.036%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1674	+0.095%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1620	+0.036%	$21K	$705K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1759	+0.188%	$728K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1640	+0.058%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	9.1587	long leg	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	9.1431	−0.171%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1642	+0.059%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0125%	1h	9.1656	+0.075%	$253K	$7K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1610	+0.025%	$10.1M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1680	+0.101%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1643	+0.061%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1680	+0.101%	$581K	—	120x	as long as short
Kraken Futures PF_UNIUSDshort	+0.0383%	1h	9.1710	+0.134%	$5.1M	$7.0M	50x
Hyperliquid UNI	+0.0511%	1h	9.1734	+0.160%	$101.1M	$59.9M	10x	as long as short
Lighter UNI	+0.0840%	1h	9.1772	+0.202%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0907%	1h	9.1677	+0.098%	$1K	$49K	10x	as long as short