Settings8H · net · $10k
Funding arb · Price arb /

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.184%
Price spread now: Paradex against Lighter−0.242%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Paradex: 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 0.242% cheaper against Lighter than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter UNI8.98790.0096pay 0.0012% / 1h44m 26s$4.5M$5.6M15x
ShortParadex UNI-USD-PERP8.96620.0100get 0.0100% / 8h1h 44m$26K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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

Funding earned
$0.85
Price spread: −0.242% → 0.000%
−$24.2
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$27.35
Costs to cover
0.040%
Break-even
232.4 days
Slippage unknown: Lighter: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago5.13 bp5.2 bp −$512.9 bp −$12984.8 bp −$8,476doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps UNI-USD−0.0123%1h8.9495−0.427%$120K$590K10xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.9534−0.384%$4.7M$8.7M50xas long as short
Deribit UNI_USDC-PERPETUAL0.0000%1h8.9507−0.414%$590K$249K50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.9502−0.419%$49K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.757%$660$153K12xas long as short
01 Exchange UNIUSD+0.0064%1h8.9691−0.209%$448$510xas long as short
Lighter UNIlong+0.0096%1h8.9879long leg$4.5M$5.6M15x
Nado UNI-PERP+0.0100%1h8.9505−0.416%$774K$4.7M10xas long as short
Aster UNIUSDT+0.0100%8h8.9556−0.360%$739K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.9784−0.106%$287K$593K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9480−0.444%$216.3M$659.1M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9460−0.466%$99.5M$112.2M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9470−0.455%$54.6M$266.8M50xas long as short
Arcus UNI-USD+0.0100%1h8.9760−0.132%$320K$705K10xas long as short
Gate UNI_USDT+0.0100%8h8.9500−0.422%$24.9M$66.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9540−0.377%$49.4M$26.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9560−0.355%$13.1M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9470−0.455%$32.9M$45.4M75xas long as short
BingX UNI-USDT+0.0100%8h8.9490−0.433%$57.4Mas long as short
Variational Omni UNI+0.0100%8h8.9649−0.256%$4.1M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h8.9652−0.252%$170K$347K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9704−0.195%$627K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9750−0.144%$90K$709K50xas long as short
StandX UNI-USD+0.0100%1h8.9710−0.188%$15K$3.5M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9440−0.488%$16K$1.8M10xas long as short
SunX UNI-USDT+0.0100%8h8.9756−0.137%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.9910+0.034%$32K$887K10xas long as short
HTX UNI-USDT+0.0100%8h9.0040+0.179%$704K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9910+0.034%$27.1M$4.5M50xas long as short
Paradex UNI-USD-PERPshort+0.0100%8h8.9662−0.242%$26K20x
Extended UNI-USD+0.0104%1h8.9445−0.483%$299K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9500−0.422%$32K3xas long as short
dYdX UNI-USD+0.0123%1h8.9754−0.139%$236K$31K10xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.9980+0.112%$938K$5.6M50xas long as short
Backpack UNI_USDC_PERP+0.0197%1h8.9887+0.009%$1.1M$2.4M10xas long as short
BloFin UNI-USDT+0.0220%8h8.9910+0.034%$10.1M$3.7M75xas long as short
Reya UNIRUSDPERP+0.0378%1h8.9498−0.424%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9489−0.433%$637K120xas long as short
Aftermath Perps UNIUSD+0.0510%1h8.9774−0.117%$989$54K10xas long as short
Hyperliquid UNI+0.0511%1h8.9653−0.251%$96.6M$66.7M10xas long as short