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 0.000%

Price spread now: Paradex against Orderly−0.175%7-day average — · you buy dearer than you sell

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

Long on Orderly 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 0.175% cheaper against Orderly than usual: you would sell low and buy high, −$18 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	Orderly PERP_UNI_USDC	9.0340	0.0100	pay 0.0100% / 8h	2h 06m	$17K	$1.7M	10x
Short	Paradex UNI-USD-PERP	9.0182	0.0100	get 0.0100% / 8h	2h 06m	$26K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$0.02
Price spread: −0.175% → 0.000%: −$17.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$27.54
Costs to cover: 0.100%
Break-even: never at this rate

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

Orderly 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
Nado UNI-PERP	−0.0020%	1h	9.0290	−0.055%	$792K	$4.7M	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0328	−0.013%	$4.8M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0306	−0.037%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0333	−0.008%	$451	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.258%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USD	+0.0086%	1h	9.0270	−0.077%	$104K	$557K	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0239	−0.112%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	9.0182	−0.175%	$26K	—	20x
Aster UNIUSDT	+0.0100%	8h	9.0335	−0.006%	$748K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0182	−0.175%	$290K	$592K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	9.0304	−0.040%	$219.3M	$657.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0290	−0.055%	$100.6M	$112.2M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0280	−0.066%	$54.9M	$268.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0320	−0.022%	$322K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0220	−0.133%	$24.9M	$66.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0210	−0.144%	$49.7M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0130	−0.232%	$13.1M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0320	−0.022%	$33.4M	$45.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0250	−0.100%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0278	−0.069%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9649	−0.765%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9766	−0.636%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9676	−0.735%	$621K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.9800	−0.598%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0240	−0.111%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDClong	+0.0100%	8h	9.0340	long leg	$17K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	9.0350	+0.011%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0275	−0.072%	$32K	$881K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0400	+0.066%	$709K	$4.9M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0270	−0.077%	$27.3M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0210	−0.144%	$302K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0341	+0.001%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0147%	1h	9.0194	−0.162%	$237K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0380	+0.044%	$945K	$5.7M	50x	as long as short
Hyperliquid UNI	+0.0214%	1h	9.0243	−0.107%	$96.5M	$66.3M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0250	−0.100%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0238%	1h	9.0381	+0.045%	$592K	$242K	50x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	9.0282	−0.064%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0304	−0.040%	$641K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0462%	1h	8.9885	−0.504%	$950	$54K	10x	as long as short