Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Paradex+0.140%52s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bitget

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: Bitget is 0.140% dearer against Paradex than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex UNI-USD-PERP	8.7657	0.0100	pay 0.0100% / 8h	5h 08m	$25K	—	20x
Short	Bitget UNIUSDT	8.7780	0.0100	get 0.0100% / 8h	5h 08m	$33.0M	$42.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0.01
Price spread: +0.140% → 0.000%: $13.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2.01
Costs to cover: 0.160%
Break-even: 1481.3 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.14 bp	11.5 bp −$12	21.3 bp −$213	41.9 bp −$4,188	doesn't fit

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 exchanges

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 −0.0005%	1h	8.7710	+0.060%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.733%	$660	$147K	12x	as long as short
Nado UNI-PERP	+0.0057%	1h	8.7695	+0.043%	$646K	$3.9M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0060%	1h	8.7772	+0.130%	$581K	$214K	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.7740	+0.094%	$438	$56	10x	as long as short
OKX UNI-USDT-SWAP	+0.0085%	8h	8.7770	+0.128%	$54.2M	$217.2M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7907	+0.285%	$4.3M	$4.8M	15x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	8.7657	long leg	$25K	—	20x
Aster UNIUSDT	+0.0100%	8h	8.7840	+0.208%	$766K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7714	+0.064%	$289K	$456K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.7800	+0.163%	$214.0M	$557.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7760	+0.117%	$97.6M	$95.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7800	+0.163%	$319K	$518K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7790	+0.151%	$28.1M	$56.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7770	+0.128%	$46.0M	$21.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7790	+0.151%	$12.9M	$11.1M	75x	as long as short
Bitget UNIUSDTshort	+0.0100%	8h	8.7780	+0.140%	$33.0M	$42.0M	75x
BingX UNI-USDT	+0.0100%	8h	8.7780	+0.140%	—	$49.9M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.7683	+0.029%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7532	−0.143%	$165K	$341K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7732	+0.085%	$612K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7540	−0.134%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7750	+0.106%	$93K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7732	+0.085%	$97K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7700	+0.049%	$16K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7719	+0.070%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7730	+0.083%	$21K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7782	+0.142%	$704K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7740	+0.094%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7736	+0.090%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7730	+0.083%	$31K	—	3x	as long as short
Backpack UNI_USDC_PERP	+0.0117%	1h	8.7837	+0.205%	$1.1M	$2.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7761	+0.118%	$4.7M	$7.6M	50x	as long as short
Hyperliquid UNI	+0.0163%	1h	8.7916	+0.295%	$94.3M	$60.1M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7710	+0.060%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7810	+0.174%	$911K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.7695	+0.043%	$624K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0388%	1h	8.7697	+0.046%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0430%	1h	8.7805	+0.169%	$230K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0519%	1h	8.7794	+0.156%	$1K	$49K	10x	as long as short