Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against Bybit+0.225%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.939%+$94 · spread now +0.225%, 7d avg +0.105%

Together, before fees+0.957%+$96 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 0.121% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1940	0.0100	pay 0.0100% / 8h	5h 15m	$103.3M	$109.5M	75x
Short	Polymarket Perps UNI-USD	9.2147	0.0100	get 0.0013% / 1h	15m 58s	$88K	$418K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.225%Rate

Funding earned: $0
Price spread: +0.225% → +0.105%: $12.06
Slippage, 4 orders: −$16.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.65
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 46 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 Bybit live order book, 3 min ago	0.54 bp	10.9 bp −$11	17.3 bp −$173	37.3 bp −$3,726	doesn't fit
Sell Polymarket Perps live order book, 46 min ago	2.40 bp	8.8 bp −$9	15.2 bp −$152	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	9.2126	+0.202%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.959%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0054%	1h	9.2079	+0.151%	$590K	$193K	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.2158	+0.237%	$460	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.2120	+0.196%	$953K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.2096	+0.170%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.2225	+0.310%	$300K	$573K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1970	+0.033%	$228.7M	$619.6M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1940	long leg	$103.3M	$109.5M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1910	−0.033%	$56.8M	$257.8M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2230	+0.315%	$292K	$614K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1910	−0.033%	$23.5M	$61.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1940	0.000%	$49.2M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.2070	+0.141%	$13.8M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1950	+0.011%	$33.6M	$43.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1880	−0.065%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1947	+0.008%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.2057	+0.127%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2838	+0.977%	$175K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.2848	+0.988%	$645K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1920	−0.022%	$90K	$693K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.2680	+0.805%	$50K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.2147	+0.225%	$88K	$418K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.2070	+0.141%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2120	+0.196%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.2060	+0.131%	$22K	$770K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.2200	+0.283%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.2090	+0.163%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.2140	+0.218%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.2013	+0.080%	$309K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.2070	+0.141%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0109%	1h	9.2214	+0.298%	$243K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2660	+0.783%	$10.5M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0266%	1h	9.2134	+0.211%	$5.1M	$7.6M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.2120	+0.196%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.2086	+0.159%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.2135	+0.212%	$656K	—	120x	as long as short
Hyperliquid UNI	+0.0540%	1h	9.1957	+0.018%	$99.7M	$61.2M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.2198	+0.281%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.0983%	1h	9.2230	+0.315%	$1K	$47K	10x	as long as short