Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Paradex+0.019%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 Orderly

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex UNI-USD-PERP	8.8553	0.0100	pay 0.0100% / 8h	1h 01m	$25K	—	20x
Short	Orderly PERP_UNI_USDC	8.8570	0.0100	get 0.0100% / 8h	1h 01m	$16K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.01
Price spread: +0.019% → 0.000%: $1.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.04
Costs to cover: 0.100%
Break-even: 5437.8 days

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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
Polymarket Perps UNI-USD	−0.0077%	1h	8.8586	+0.038%	$106K	$619K	10x	as long as short
01 Exchange UNIUSD	−0.0032%	1h	8.8570	+0.019%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8644	+0.103%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8618	+0.073%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.285%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0035%	1h	8.8595	+0.048%	$736K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8700	+0.166%	$4.4M	$5.7M	15x	as long as short
Paradex UNI-USD-PERPlong	+0.0100%	8h	8.8553	long leg	$25K	—	20x
Aster UNIUSDT	+0.0100%	8h	8.8622	+0.078%	$726K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8600	+0.053%	$283K	$590K	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	8.8570	+0.019%	$214.0M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8550	−0.003%	$98.1M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8560	+0.008%	$53.9M	$263.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8640	+0.099%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8560	+0.008%	$25.2M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8570	+0.019%	$48.4M	$26.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8590	+0.042%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8540	−0.014%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8560	+0.008%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8676	+0.139%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.312%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8584	+0.036%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8580	+0.031%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8750	+0.223%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8650	+0.110%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.8570	+0.019%	$16K	$2.0M	10x
SunX UNI-USDT	+0.0100%	8h	8.8684	+0.148%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8587	+0.039%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8647	+0.106%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8620	+0.076%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8505	−0.054%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8601	+0.054%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.8720	+0.189%	$94.4M	$67.6M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0178%	1h	8.8664	+0.125%	$584K	$250K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8650	+0.110%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8600	+0.053%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0379%	1h	8.8635	+0.093%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8560	+0.008%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8626	+0.082%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0517%	1h	8.8750	+0.223%	$1K	$53K	10x	as long as short