Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.004%

Price spread now: Paradex against 01 Exchange−0.134%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

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 pays, the price is against you. Paradex is 0.134% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.1 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	01 Exchange UNIUSD	8.8947	−0.0008	get 0.0001% / 1h	16m 51s	$444	$5	10x
Short	Paradex UNI-USD-PERP	8.8828	0.0100	get 0.0100% / 8h	16m 51s	$25K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.134%Rate

Funding earned: $22.68
Price spread: −0.134% → 0.000%: −$13.42
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.74
Costs to cover: 0.110%
Break-even: 7.5 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange 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	−0.0305%	1h	8.8975	+0.031%	$4.7M	$8.6M	50x	as long as short
01 Exchange UNIUSDlong	−0.0008%	1h	8.8947	long leg	$444	$5	10x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	8.8909	−0.043%	$73K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.727%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0037%	1h	8.8860	−0.098%	$728K	$4.7M	10x	as long as short
Polymarket Perps UNI-USD	+0.0083%	1h	8.8872	−0.084%	$105K	$615K	10x	as long as short
Lighter UNI	+0.0096%	1h	8.9023	+0.085%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERPshort	+0.0100%	8h	8.8828	−0.134%	$25K	—	20x
Hyperliquid UNI	+0.0100%	1h	8.9037	+0.101%	$94.9M	$67.7M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8937	−0.011%	$723K	$3.3M	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	8.8900	−0.053%	$287K	$591K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.8891	−0.063%	$215.3M	$652.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8800	−0.165%	$98.3M	$110.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8790	−0.177%	$54.4M	$262.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8970	+0.026%	$317K	$690K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8890	−0.064%	$26.2M	$66.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8900	−0.053%	$48.2M	$26.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8940	−0.008%	$12.9M	$13.3M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8760	−0.210%	$32.5M	$45.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8870	−0.087%	—	$58.0M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9024	+0.087%	$1.1M	$2.5M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8330	−0.694%	$4.1M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8604	−0.385%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8706	−0.271%	$615K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8670	−0.311%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8670	−0.311%	$14K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8890	−0.064%	$16K	$2.2M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8965	+0.020%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8902	−0.051%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8947	0.000%	$702K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8860	−0.098%	$26.8M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8852	−0.107%	$286K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8916	−0.035%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0200%	1h	8.8976	+0.032%	$590K	$270K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8900	−0.053%	$925K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8920	−0.030%	$10.1M	$3.6M	75x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8914	−0.037%	$633K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0381%	1h	8.8850	−0.109%	$16K	—	20x	as long as short
Aftermath Perps UNIUSD	+0.0393%	1h	8.8578	−0.415%	$1K	$52K	10x	as long as short
dYdX UNI-USD	+0.0564%	1h	8.8824	−0.138%	$234K	$30K	10x	as long as short