Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h −0.063%

Price spread now: Paradex against GMX−0.310%7-day average — · you buy dearer than you sell

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

Long on GMX 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Paradex is 0.310% cheaper against GMX than usual: you would sell low and buy high (−$31 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	GMX UNI/USD [UNI-USDC]	8.9940	L +0.0381% / S −0.0243%	pay 0.0048% / 1h	44m 28s	$639K	—	120x
Short	Paradex UNI-USD-PERP	8.9662	0.0100	get 0.0100% / 8h	1h 44m	$26K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GMX. 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 GMXbpFee ParadexbpOrdersPrice spread, now −0.310%Rate

Funding earned: −$58.97
Price spread: −0.310% → 0.000%: −$31.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$105.98
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX 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
Polymarket Perps UNI-USD	−0.0123%	1h	8.9495	−0.495%	$120K	$590K	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.9963	+0.025%	$4.7M	$8.7M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.9943	+0.002%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.824%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	8.9691	−0.277%	$448	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9879	−0.068%	$4.5M	$5.6M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9505	−0.484%	$774K	$4.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9703	−0.264%	$740K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9784	−0.174%	$287K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9650	−0.323%	$216.7M	$659.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	8.9510	−0.479%	$99.5M	$112.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9510	−0.479%	$54.6M	$266.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9760	−0.201%	$320K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9690	−0.278%	$25.0M	$66.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9700	−0.267%	$49.4M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9730	−0.234%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9510	−0.479%	$32.9M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9680	−0.290%	—	$6.5M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.9649	−0.324%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9652	−0.320%	$170K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9704	−0.263%	$627K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9750	−0.212%	$90K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9710	−0.256%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9900	−0.045%	$16K	$1.8M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9746	−0.216%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9910	−0.034%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	+0.111%	$704K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9910	−0.034%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	8.9662	−0.310%	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	8.9658	−0.314%	$299K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9933	−0.008%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	8.9754	−0.207%	$236K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.9980	+0.044%	$938K	$5.6M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0197%	1h	8.9887	−0.059%	$1.1M	$2.4M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9910	−0.034%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0352%	1h	8.9972	+0.036%	$593K	$249K	50x	as long as short
Reya UNIRUSDPERP	+0.0378%	1h	8.9498	−0.492%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]long	L +0.0381% / S −0.0243%	1h	8.9940	long leg	$639K	—	120x
Aftermath Perps UNIUSD	+0.0500%	1h	8.9834	−0.119%	$989	$54K	10x	as long as short
Hyperliquid UNI	+0.0513%	1h	8.9848	−0.103%	$96.8M	$66.7M	10x	as long as short