Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.036%

Price spread now: Paradex against Coinbase International−0.105%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.105% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International UNI-PERP-INTX	9.0330	0.0216	pay 0.0027% / 1h	46m 14s	$945K	$5.8M	50x
Short	Paradex UNI-USD-PERP	9.0235	0.0100	get 0.0100% / 8h	3h 46m	$26K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$24.34
Price spread: −0.105% → 0.000%: −$10.54
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$48.87
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 3 min ago	3.32 bp	11.5 bp −$12	19.9 bp −$199	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0306	−0.026%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.247%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.0252	−0.086%	$450	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0414	+0.093%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0215	−0.127%	$971K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0353	+0.025%	$97.6M	$62.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0296	−0.038%	$812K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0322	−0.009%	$293K	$605K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0290	−0.044%	$222.0M	$641.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0260	−0.077%	$101.5M	$111.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0250	−0.089%	$55.0M	$261.2M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0340	+0.011%	$315K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0280	−0.055%	$23.8M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0290	−0.044%	$47.4M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0280	−0.055%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0280	−0.055%	$33.3M	$45.2M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0300	−0.033%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0320	−0.011%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.322%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0228	−0.113%	$170K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0227	−0.115%	$639K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0260	−0.077%	$95K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0300	−0.033%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0260	−0.077%	$86K	$432K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0300	−0.033%	$16K	$1.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0322	−0.009%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0290	−0.044%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0401	+0.079%	$722K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0310	−0.022%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	9.0235	−0.105%	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	9.0270	−0.067%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0326	−0.004%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0177%	1h	9.0361	+0.035%	$579K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTXlong	+0.0216%	1h	9.0330	long leg	$945K	$5.8M	50x
BloFin UNI-USDT	+0.0220%	8h	9.0270	−0.066%	$10.3M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0319	−0.012%	$5.0M	$8.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0222	−0.119%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0290	−0.044%	$643K	—	120x	as long as short
dYdX UNI-USD	+0.0393%	1h	9.0312	−0.020%	$238K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0878%	1h	9.0371	+0.046%	$1K	$45K	10x	as long as short