Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.110%

Price spread now: GMX against Paradex+0.045%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 GMX

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.045% dearer against Paradex than usual: you sell high and buy low: +$5 more if the spread 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	8.7621	0.0100	pay 0.0100% / 8h	5h 06m	$25K	—	20x
Short	GMX UNI/USD [UNI-USDC]	8.7661	L +0.0381% / S −0.0243%	get 0.0030% / 1h	6m 45s	$623K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $30.12
Price spread: +0.045% → 0.000%: $4.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.65
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Paradex: no order-book sample; GMX: 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.7650	+0.033%	$580K	$214K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.7763	+0.161%	$75K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	+0.775%	$660	$147K	12x	as long as short
Nado UNI-PERP	+0.0060%	1h	8.7675	+0.061%	$646K	$3.9M	10x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.7687	+0.075%	$438	$56	10x	as long as short
OKX UNI-USDT-SWAP	+0.0084%	8h	8.7600	−0.024%	$54.1M	$216.2M	50x	as long as short
Lighter UNI	+0.0096%	1h	8.7787	+0.189%	$4.3M	$4.8M	15x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	8.7621	long leg	$25K	—	20x
Aster UNIUSDT	+0.0100%	8h	8.7720	+0.113%	$765K	$2.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.7692	+0.080%	$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	8.7650	+0.033%	$213.6M	$556.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.7620	−0.001%	$97.4M	$95.7M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.7750	+0.147%	$319K	$518K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.7730	+0.124%	$28.1M	$56.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.7700	+0.090%	$46.0M	$21.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.7730	+0.124%	$12.9M	$11.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.7700	+0.090%	$33.0M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.7700	+0.090%	—	$49.7M	—	as long as short
Variational Omni UNI	+0.0100%	8h	8.7683	+0.070%	$4.0M	$2.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.7680	+0.066%	$165K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.7755	+0.153%	$613K	$2.2M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.7720	+0.113%	$89K	$714K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.7770	+0.170%	$93K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.7663	+0.048%	$96K	$616K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.7620	−0.001%	$16K	$2.4M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.7695	+0.084%	$36K	$1.1M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.7628	+0.008%	$21K	$730K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.7712	+0.104%	$704K	$3.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.7680	+0.067%	$26.5M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.7647	+0.029%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.7609	−0.014%	$31K	—	3x	as long as short
Backpack UNI_USDC_PERP	+0.0124%	1h	8.7721	+0.114%	$1.1M	$2.2M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0132%	1h	8.7664	+0.049%	$4.7M	$7.6M	50x	as long as short
Hyperliquid UNI	+0.0168%	1h	8.7821	+0.228%	$94.2M	$60.1M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.7680	+0.067%	$10.0M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0240%	1h	8.7830	+0.238%	$911K	$4.4M	50x	as long as short
GMX UNI/USD [UNI-USDC]short	L +0.0381% / S −0.0243%	1h	8.7661	+0.045%	$623K	—	120x
Reya UNIRUSDPERP	+0.0388%	1h	8.7698	+0.088%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0430%	1h	8.7696	+0.085%	$230K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0524%	1h	8.7750	+0.147%	$1K	$49K	10x	as long as short