Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.077%

Price spread now: Paradex against Reya+0.108%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Paradex

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 airdropReya: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.108% dearer against Reya than usual: you sell high and buy low (spread +0.108% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya UNIRUSDPERP	8.8744	0.0380	pay 0.0048% / 1h	38m 04s	$16K	—	20x
Short	Paradex UNI-USD-PERP	8.8840	0.0100	get 0.0100% / 8h	38m 04s	$25K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Reya. 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 ReyabpFee ParadexbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$58.86
Price spread: +0.108% → 0.000%: $10.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$58.05
Costs to cover: 0.100%
Break-even: from the start

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

Reya and 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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8789	+0.051%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	−0.0024%	1h	8.8793	+0.055%	$443	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8804	+0.067%	$585K	$251K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8788	+0.049%	$49K	—	150x	as long as short
Nado UNI-PERP	+0.0024%	1h	8.8735	−0.011%	$730K	$4.7M	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.501%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0072%	1h	8.8758	+0.015%	$106K	$616K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8865	+0.136%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	8.8840	+0.108%	$25K	—	20x
Hyperliquid UNI	+0.0100%	1h	8.8826	+0.092%	$94.5M	$67.5M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster UNIUSDT	+0.0100%	8h	8.8770	+0.029%	$727K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8870	+0.142%	$287K	$600K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8720	−0.027%	$214.5M	$657.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8700	−0.050%	$98.3M	$111.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8710	−0.039%	$54.2M	$264.4M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8890	+0.164%	$317K	$701K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8720	−0.027%	$25.5M	$65.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8780	+0.040%	$48.4M	$26.1M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8760	+0.018%	$13.0M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8710	−0.039%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8720	−0.027%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8770	+0.029%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9018	+0.308%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9058	+0.354%	$169K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9001	+0.289%	$617K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9110	+0.412%	$90K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8940	+0.220%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8740	−0.005%	$17K	$2.1M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8859	+0.129%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8720	−0.027%	$32K	$889K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8960	+0.243%	$699K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8780	+0.040%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8679	−0.074%	$288K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8706	−0.043%	$31K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8950	+0.232%	$926K	$5.5M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8900	+0.175%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERPlong	+0.0380%	1h	8.8744	long leg	$16K	—	20x
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8781	+0.041%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0430%	1h	8.9007	+0.296%	$985	$53K	10x	as long as short
dYdX UNI-USD	+0.0599%	1h	8.8895	+0.170%	$234K	$30K	10x	as long as short