Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Paradex against gTrade (Gains Network)−0.089%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. Paradex is 0.089% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	8.8910	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	4m 54s	$76K	—	150x
Short	Paradex UNI-USD-PERP	8.8832	0.0100	get 0.0100% / 8h	4m 54s	$25K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.089%Rate

Funding earned: $20.13
Price spread: −0.089% → 0.000%: −$8.87
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.74
Costs to cover: 0.140%
Break-even: 8.0 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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
Kraken Futures PF_UNIUSD	−0.0306%	1h	8.8939	+0.032%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSD	0.0000%	1h	8.9022	+0.126%	$444	$5	10x	as long as short
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0005%	1h	8.8910	long leg	$76K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.687%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0039%	1h	8.8957	+0.053%	$728K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9035	+0.140%	$4.5M	$5.7M	15x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	8.8832	−0.089%	$25K	—	20x
Hyperliquid UNI	+0.0100%	1h	8.8988	+0.087%	$94.9M	$67.6M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8892	−0.020%	$722K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8906	−0.005%	$287K	$588K	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	8.8856	−0.061%	$216.2M	$651.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8840	−0.079%	$98.5M	$110.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8820	−0.102%	$54.4M	$261.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.9050	+0.157%	$321K	$693K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8860	−0.057%	$26.2M	$66.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8870	−0.045%	$47.9M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8910	0.000%	$12.9M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8890	−0.023%	$32.5M	$45.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8860	−0.057%	—	$57.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8974	+0.072%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8813	−0.110%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8847	−0.071%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8905	−0.006%	$624K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8910	0.000%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8900	−0.012%	$14K	$3.5M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.8951	+0.046%	$104K	$617K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8900	−0.012%	$17K	$2.3M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9025	+0.129%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8885	−0.029%	$32K	$889K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8957	+0.052%	$702K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8860	−0.057%	$26.8M	$4.4M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0101%	1h	8.8949	+0.044%	$590K	$271K	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8843	−0.076%	$301K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8914	+0.004%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.9050	+0.157%	$926K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8860	−0.057%	$10.0M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8899	−0.012%	$632K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8895	−0.018%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0425%	1h	8.8950	+0.045%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0588%	1h	8.8908	−0.002%	$234K	$30K	10x	as long as short