Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.012%

Price spread now: Deribit against Paradex+0.091%7-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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.091% dearer against Paradex than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex UNI-USD-PERP	8.7662	0.0100	pay 0.0100% / 8h	1h 49m	$25K	—	20x
Short	Deribit UNI_USDC-PERPETUAL	8.7741	0.0001	get 0.0000% / 1h	49m 20s	$558K	$158K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$20.79
Price spread: +0.091% → 0.000%: $9.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$22.72
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 34 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 Deribit live order book, 34 min ago	8.70 bp	12.5 bp −$13	21.0 bp −$210	doesn't fit	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 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
Variational Omni UNI	−0.0086%	8h	8.7668	+0.007%	$3.9M	$4.7M	—	as long as short
Bybit UNIUSDT	−0.0038%	8h	8.7690	+0.032%	$100.2M	$106.3M	75x	as long as short
Deribit UNI_USDC-PERPETUALshort	+0.0001%	1h	8.7741	+0.091%	$558K	$158K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.7709	+0.054%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0032%	8h	8.7660	−0.002%	$54.2M	$244.7M	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.7900	+0.272%	$657	$96K	12x	as long as short
01 Exchange UNIUSD	+0.0048%	1h	8.7728	+0.076%	$438	—	10x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	8.7662	long leg	$25K	—	20x
Nado UNI-PERP	+0.0100%	1h	8.7650	−0.013%	$847K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.7731	+0.079%	$1.0M	$3.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.7693	+0.036%	$295K	$579K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.7710	+0.055%	$215.3M	$597.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7750	+0.101%	$270K	$612K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7670	+0.010%	$22.7M	$58.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7670	+0.010%	$42.2M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7670	+0.010%	$13.4M	$13.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7690	+0.032%	$31.9M	$41.8M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7670	+0.010%	—	$52.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.7645	−0.019%	$970K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7684	+0.026%	$165K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7660	−0.002%	$611K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	+0.432%	$87K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7610	−0.059%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7690	+0.032%	$86K	$349K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7660	−0.002%	$15K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7725	+0.072%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7690	+0.032%	$24K	$668K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7777	+0.132%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7700	+0.044%	$26.4M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7644	−0.020%	$299K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7685	+0.027%	$31K	$1K	3x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7670	+0.010%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.7730	+0.078%	$1.0M	$5.3M	50x	as long as short
dYdX UNI-USD	+0.0240%	1h	8.7711	+0.057%	$243K	$6K	10x	as long as short
Hyperliquid UNI	+0.0342%	1h	8.7803	+0.161%	$96.0M	$59.6M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0345%	1h	8.7761	+0.114%	$4.9M	$7.2M	50x	as long as short
Reya UNIRUSDPERP	+0.0361%	1h	8.7658	−0.004%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0320%	1h	8.7708	+0.053%	$550K	—	120x	as long as short
Lighter UNI	+0.0520%	1h	8.7892	+0.263%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0635%	1h	8.7873	+0.241%	$1K	$50K	10x	as long as short