Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against ApeX Omni+0.142%63s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.374% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.438%+$44 · spread now +0.142%, 7d avg −0.023%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.165% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni UNIUSDT	8.8740	0.0100	pay 0.0013% / 1h	22m 20s	$88K	$712K	50x
Short	Polymarket Perps UNI-USD	8.8866	0.0100	get 0.0013% / 1h	22m 20s	$86K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → −0.023%: $16.54
Slippage, 4 orders: −$19.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.85
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; Polymarket Perps: live order book, 60 min ago.

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 ApeX Omni live order book, 61 min ago	5.05 bp	12.5 bp −$12	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 60 min ago	1.68 bp	6.0 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit

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
Variational Omni UNI	−0.0057%	8h	8.8474	−0.300%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0003%	8h	8.8860	+0.135%	$101.3M	$104.5M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8904	+0.185%	$62K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.496%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0048%	8h	8.8860	+0.135%	$55.0M	$245.0M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8885	+0.163%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8798	+0.065%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8845	+0.118%	$941K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8888	+0.166%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8818	+0.088%	$298K	$570K	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	8.8886	+0.164%	$218.1M	$588.2M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8910	+0.192%	$283K	$615K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8870	+0.146%	$23.1M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8850	+0.124%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8830	+0.101%	$13.6M	$13.7M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8830	+0.101%	$32.2M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8870	+0.146%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8833	+0.105%	$986K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8599	−0.158%	$167K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8775	+0.039%	$626K	$2.5M	10x	as long as short
ApeX Omni UNIUSDTlong	+0.0100%	1h	8.8740	long leg	$88K	$712K	50x
StandX UNI-USD	+0.0100%	1h	8.8710	−0.034%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	8.8866	+0.142%	$86K	$353K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8860	+0.135%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8730	−0.011%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8765	+0.028%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8787	+0.053%	$728K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8770	+0.034%	$26.7M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8798	+0.066%	$301K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8810	+0.079%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0128%	1h	8.8856	+0.131%	$565K	$157K	50x	as long as short
dYdX UNI-USD	+0.0143%	1h	8.8798	+0.065%	$246K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8710	−0.034%	$9.8M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8850	+0.124%	$1.1M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0335%	1h	8.9004	+0.297%	$97.6M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0341%	1h	8.8827	+0.098%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8835	+0.108%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8896	+0.176%	$557K	—	120x	as long as short
Lighter UNI	+0.0584%	1h	8.8977	+0.267%	$4.5M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0622%	1h	8.8616	−0.140%	$1K	$49K	10x	as long as short