Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Coinbase International−0.027%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$390.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.027%, 7d avg −0.011%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International UNI-PERP-INTX9.09900.0248pay 0.0031% / 1h28m 42s$1.1M$5.7M50x
ShortPolymarket Perps UNI-USD9.09650.0100get 0.0013% / 1h28m 42s$88K$425K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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

Funding earned
−$31.08
Price spread: −0.027% → −0.011%
−$1.63
Slippage, 4 orders
−$20.59
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$71.3
Costs to cover
0.386%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago4.99 bp12.1 bp −$1217.8 bp −$178doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 29 min ago3.40 bp7.5 bp −$89.9 bp −$99doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0004%1h9.0917−0.080%$37K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−2.956%$660$154K12xas long as short
01 Exchange UNIUSD+0.0064%1h9.0958−0.035%$454$510xas long as short
Nado UNI-PERP+0.0100%1h9.0905−0.093%$896K$4.4M10xas long as short
Aster UNIUSDT+0.0100%8h9.0690−0.330%$841K$3.5M50xas long as short
Pacifica UNI+0.0100%1h9.0509−0.529%$294K$599K10xas long as short
Binance UNIUSDT+0.0100%8h9.0465−0.577%$222.5M$636.5M75xas long as short
Bybit UNIUSDT+0.0100%8h9.0450−0.593%$101.5M$110.9M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.0420−0.626%$55.0M$260.0M50xas long as short
Arcus UNI-USD+0.0100%1h9.1030+0.044%$315K$651K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.0640−0.385%$23.5M$63.5M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0490−0.550%$47.9M$25.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0530−0.506%$13.6M$13.2M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0560−0.473%$33.4M$44.8M75xas long as short
BingX UNI-USDT+0.0100%8h9.0570−0.462%$56.6Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0825−0.181%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.0539−0.495%$4.3M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h9.0568−0.464%$171K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0621−0.405%$632K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0190−0.879%$92K$698K50xas long as short
StandX UNI-USD+0.0100%1h9.0580−0.451%$15K$3.4M20xas long as short
Polymarket Perps UNI-USDshort+0.0100%1h9.0965−0.027%$88K$425K10x
Orderly PERP_UNI_USDC+0.0100%8h9.0890−0.110%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h9.0983−0.008%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0858−0.145%$22K$790K10xas long as short
HTX UNI-USDT+0.0100%8h9.0880−0.121%$717K$4.6M75xas long as short
Phemex UNIUSDT+0.0100%8h9.0840−0.165%$27.5M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0404−0.644%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.0392−0.657%$293K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0875−0.126%$32K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0115%1h9.0951−0.043%$583K$193K50xas long as short
dYdX UNI-USD+0.0116%1h9.0528−0.508%$238K$30K10xas long as short
Lighter UNI+0.0200%1h9.0658−0.365%$4.6M$5.8M15xas long as short
BloFin UNI-USDT+0.0220%8h9.0820−0.187%$10.4M$3.6M75xas long as short
Coinbase International UNI-PERP-INTXlong+0.0248%1h9.0990long leg$1.1M$5.7M50x
Kraken Futures PF_UNIUSD+0.0269%1h9.0934−0.061%$5.0M$7.9M50xas long as short
Reya UNIRUSDPERP+0.0372%1h9.0952−0.042%$17K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.0944−0.050%$647K120xas long as short
Hyperliquid UNI+0.0393%1h9.0668−0.354%$98.2M$62.5M10xas long as short
Aftermath Perps UNIUSD+0.0991%1h9.0563−0.469%$1K$46K10xas long as short