Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Polymarket Perps against Binance+0.135%56s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$270.267% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.957%+$96 · spread now +0.135%, 7d avg +0.032%

Together, before fees+0.944%+$94 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 0.103% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 56 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	Binance UNIUSDT	8.8111	0.0100	pay 0.0100% / 8h	2h 52m	$215.8M	$593.6M	75x
Short	Polymarket Perps UNI-USD	8.8230	0.0100	get 0.0013% / 1h	52m 34s	$87K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.032%: $10.32
Slippage, 4 orders: −$8.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.34
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Polymarket Perps: live order book, 34 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 Binance live order book, 6 min ago	0.57 bp	7.3 bp −$7	13.0 bp −$130	42.7 bp −$4,273	169.7 bp −$84.8K
Sell Polymarket Perps live order book, 34 min ago	1.92 bp	5.9 bp −$6	7.0 bp −$70	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	−0.0201%	8h	8.8015	−0.109%	$3.9M	$4.9M	—	as long as short
Bybit UNIUSDT	−0.0192%	8h	8.8090	−0.024%	$102.6M	$103.9M	75x	as long as short
01 Exchange UNIUSD	−0.0064%	1h	8.8166	+0.063%	$440	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8251	+0.159%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8253	+0.161%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0010%	8h	8.8100	−0.012%	$54.3M	$244.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8154	+0.049%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8065	−0.052%	$851K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8253	+0.162%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8171	+0.068%	$297K	$559K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDTlong	+0.0100%	8h	8.8111	long leg	$215.8M	$593.6M	75x
Arcus UNI-USD	+0.0100%	1h	8.8240	+0.147%	$272K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8150	+0.045%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8160	+0.056%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8170	+0.067%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8110	−0.001%	$31.9M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8130	+0.022%	—	$49.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8224	+0.129%	$977K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8265	+0.175%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8310	+0.226%	$619K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8040	−0.080%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8250	+0.158%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	8.8230	+0.135%	$87K	$335K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8200	+0.101%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8258	+0.167%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8178	+0.076%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8287	+0.200%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8200	+0.101%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8087	−0.027%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8233	+0.139%	$31K	$1K	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8280	+0.192%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8190	+0.090%	$9.8M	$3.3M	75x	as long as short
dYdX UNI-USD	+0.0264%	1h	8.8220	+0.124%	$244K	$5K	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	8.8250	+0.159%	$4.9M	$7.1M	50x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8184	+0.083%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8240	+0.147%	$553K	—	120x	as long as short
Hyperliquid UNI	+0.0445%	1h	8.8293	+0.207%	$95.8M	$59.6M	10x	as long as short
Lighter UNI	+0.0464%	1h	8.8349	+0.270%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0501%	1h	8.8219	+0.123%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.239%	$657	$97K	12x	as long as short