Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Backpack against Paradex+0.273%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 Backpack

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: Backpack is 0.273% dearer against Paradex than usual: you sell high and buy low, +$27 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	Paradex UNI-USD-PERP	9.1125	0.0100	pay 0.0100% / 8h	7h 08m	$26K	—	20x
Short	Backpack UNI_USDC_PERP	9.1373	0.0100	get 0.0013% / 1h	8m 01s	$1.0M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.273%Rate

Funding earned: −$0.01
Price spread: +0.273% → 0.000%: $27.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: $13.24
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 6 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 Backpack live order book, 6 min ago	0.05 bp	6.8 bp −$7	463.5 bp −$4,635	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1361	+0.259%	$38K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.100%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1235	+0.121%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1237	+0.124%	$980K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1420	+0.324%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1267	+0.156%	$302K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1337	+0.233%	$231.7M	$600.9M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1210	+0.094%	$102.8M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1230	+0.116%	$56.3M	$254.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1260	+0.149%	$282K	$617K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDT	+0.0100%	8h	9.1330	+0.225%	$23.3M	$60.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1330	+0.225%	$47.1M	$24.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1430	+0.335%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1290	+0.181%	$33.7M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1330	+0.225%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERPshort	+0.0100%	1h	9.1373	+0.273%	$1.0M	$2.4M	10x
Variational Omni UNI	+0.0100%	8h	9.1470	+0.379%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1505	+0.417%	$172K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1708	+0.640%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1490	+0.401%	$89K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1540	+0.456%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.1364	+0.263%	$85K	$388K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1320	+0.214%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1445	+0.352%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1418	+0.322%	$22K	$713K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1568	+0.487%	$724K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1500	+0.412%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	9.1125	long leg	$26K	—	20x
Extended UNI-USD	+0.0104%	1h	9.1274	+0.164%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1386	+0.287%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0198%	1h	9.1345	+0.242%	$245K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1550	+0.467%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1500	+0.412%	$1.1M	$4.8M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0280%	1h	9.1411	+0.315%	$591K	$186K	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1318	+0.212%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1371	+0.270%	$577K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0384%	1h	9.1486	+0.397%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0541%	1h	9.1468	+0.377%	$100.8M	$58.3M	10x	as long as short
Lighter UNI	+0.0976%	1h	9.1663	+0.591%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1048%	1h	9.1661	+0.588%	$925	$49K	10x	as long as short