Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Paradex against Bybit+0.109%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.109% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it 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	Bybit UNIUSDT	9.0200	0.0100	pay 0.0100% / 8h	2h 01m	$100.4M	$112.4M	75x
Short	Paradex UNI-USD-PERP	9.0298	0.0100	get 0.0100% / 8h	2h 01m	$26K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.02
Price spread: +0.109% → 0.000%: $10.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.15
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; 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 Bybit live order book, 3 min ago	0.55 bp	12.0 bp −$12	21.5 bp −$215	41.5 bp −$4,155	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0017%	1h	9.0290	+0.099%	$4.8M	$8.6M	50x	as long as short
Nado UNI-PERP	−0.0005%	1h	9.0202	+0.003%	$777K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0282	+0.091%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0258	+0.064%	$450	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.106%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0076%	1h	9.0175	−0.028%	$125K	$583K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0428	+0.253%	$4.6M	$5.6M	15x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0099%	1h	9.0296	+0.107%	$595K	$247K	50x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	9.0298	+0.109%	$26K	—	20x
Aster UNIUSDT	+0.0100%	8h	9.0292	+0.102%	$745K	$3.6M	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	9.0332	+0.147%	$291K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0244	+0.049%	$218.9M	$659.0M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.0200	long leg	$100.4M	$112.4M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0180	−0.022%	$54.9M	$268.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0400	+0.222%	$322K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0310	+0.122%	$24.8M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0300	+0.111%	$49.8M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0350	+0.166%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0190	−0.011%	$33.1M	$45.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0310	+0.122%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0337	+0.152%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0319	+0.132%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0251	+0.057%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0314	+0.127%	$626K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.177%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0370	+0.188%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0220	+0.022%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0409	+0.232%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0254	+0.060%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0328	+0.142%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0250	+0.055%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0275	+0.083%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0256	+0.062%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0140%	1h	9.0323	+0.136%	$238K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0350	+0.166%	$942K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0310	+0.122%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0246%	1h	9.0455	+0.283%	$97.1M	$66.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0177	−0.026%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0281	+0.090%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0464%	1h	9.0185	−0.017%	$988	$54K	10x	as long as short