Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.072%

Price spread now: Reya against Paradex+0.046%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 Reya

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 days—no price history on both exchanges yet

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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.046% dearer against Paradex than usual: you sell high and buy low: +$5 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	9.0003	0.0100	pay 0.0100% / 8h	7h 56m	$26K	—	20x
Short	Reya UNIRUSDPERP	9.0044	0.0365	get 0.0046% / 1h	56m 23s	$16K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.046%Rate

Funding earned: $55.66
Price spread: +0.046% → 0.000%: $4.56
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $50.23
Costs to cover: 0.100%
Break-even: 0.7 days

Slippage unknown: Paradex: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Paradex and Reya: 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
01 Exchange UNIUSD	−0.0008%	1h	9.0071	+0.075%	$449	—	10x	as long as short
dYdX UNI-USD	0.0000%	1h	9.0086	+0.092%	$249K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0105	+0.113%	$62K	—	150x	as long as short
Gate UNI_USDT	+0.0022%	8h	9.0050	+0.052%	$22.9M	$57.3M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.892%	$660	$154K	12x	as long as short
Phemex UNIUSDT	+0.0052%	8h	9.0150	+0.163%	$27.2M	$4.5M	50x	as long as short
OKX UNI-USDT-SWAP	+0.0085%	8h	9.0010	+0.008%	$55.1M	$249.7M	50x	as long as short
Variational Omni UNI	+0.0090%	8h	9.0023	+0.022%	$4.1M	$4.4M	—	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0007	+0.005%	$950K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0128	+0.139%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0110	+0.119%	$300K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0100	+0.108%	$223.0M	$591.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0010	+0.008%	$101.6M	$106.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0130	+0.141%	$271K	$614K	10x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0090	+0.096%	$44.1M	$23.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0070	+0.074%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0050	+0.052%	$33.0M	$42.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0060	+0.063%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0166	+0.181%	$1.1M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9877	−0.140%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0010	+0.008%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0080	+0.085%	$88K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0150	+0.163%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0095	+0.102%	$86K	$373K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0110	+0.119%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0070	+0.074%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0113	+0.122%	$21K	$680K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0219	+0.240%	$723K	$4.4M	75x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	9.0003	long leg	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	8.9985	−0.020%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0109	+0.117%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0167%	1h	9.0185	+0.202%	$581K	$178K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0140	+0.152%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0190	+0.208%	$1.1M	$5.4M	50x	as long as short
Hyperliquid UNI	+0.0324%	1h	9.0155	+0.169%	$98.7M	$59.8M	10x	as long as short
Reya UNIRUSDPERPshort	+0.0365%	1h	9.0044	+0.046%	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.0185	+0.202%	$570K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0389%	1h	9.0199	+0.217%	$5.0M	$7.0M	50x	as long as short
Lighter UNI	+0.0680%	1h	9.0302	+0.332%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0860%	1h	8.9996	−0.008%	$1K	$49K	10x	as long as short