Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.005%

Price spread now: Paradex against 01 Exchange−0.110%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

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 · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.110% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 6.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange UNIUSD	8.8214	0.0040	pay 0.0005% / 1h	35m 28s	$440	—	10x
Short	Paradex UNI-USD-PERP	8.8117	0.0100	get 0.0100% / 8h	1h 35m	$25K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.110%Rate

Funding earned: $12.6
Price spread: −0.110% → 0.000%: −$10.97
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.37
Costs to cover: 0.110%
Break-even: 12.2 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange 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
Variational Omni UNI	−0.0076%	8h	8.8115	−0.112%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0022%	8h	8.8310	+0.109%	$100.7M	$104.3M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8164	−0.057%	$561K	$157K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8336	+0.138%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	−0.356%	$657	$96K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0039%	8h	8.8310	+0.109%	$54.7M	$243.4M	50x	as long as short
01 Exchange UNIUSDlong	+0.0040%	1h	8.8214	long leg	$440	—	10x
Paradex UNI-USD-PERPshort	+0.0100%	8h	8.8117	−0.110%	$25K	—	20x
Nado UNI-PERP	+0.0100%	1h	8.8280	+0.075%	$934K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8214	0.000%	$1.0M	$3.4M	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	8.8160	−0.061%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8330	+0.131%	$216.9M	$588.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8290	+0.086%	$281K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8330	+0.131%	$22.9M	$58.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8300	+0.097%	$42.6M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8320	+0.120%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8340	+0.143%	$32.1M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8310	+0.109%	—	$52.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8116	−0.111%	$976K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8262	+0.054%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8189	−0.028%	$611K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8450	+0.268%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8170	−0.050%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8313	+0.112%	$86K	$351K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8330	+0.131%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8176	−0.043%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8067	−0.167%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8243	+0.033%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8130	−0.095%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8140	−0.083%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8360	+0.166%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0109%	1h	8.8170	−0.050%	$244K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8200	−0.016%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8200	−0.016%	$1.0M	$5.2M	50x	as long as short
Hyperliquid UNI	+0.0315%	1h	8.8417	+0.230%	$96.7M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0343%	1h	8.8149	−0.073%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8297	+0.094%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8339	+0.142%	$553K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8317	+0.117%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0617%	1h	8.8295	+0.092%	$1K	$49K	10x	as long as short