UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h +0.009%

Price spread now: Polymarket Perps against Deribit−0.067%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now −0.067%, 7d avg −0.037%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.030% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit UNI_USDC-PERPETUAL	9.0026	0.0139	pay 0.0017% / 1h	27m 47s	$580K	$176K	50x
Short	Polymarket Perps UNI-USD	8.9966	0.0100	get 0.0013% / 1h	27m 47s	$85K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$8.19
Price spread: −0.067% → −0.037%: −$2.98
Slippage, 4 orders: −$27.29
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$53.47
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Deribit: live order book, 51 min ago; Polymarket Perps: live order book, 49 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 Deribit live order book, 51 min ago	6.97 bp	17.5 bp −$17	24.3 bp −$243	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 49 min ago	2.25 bp	6.4 bp −$6	6.7 bp −$67	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−1.917%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9974	−0.058%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	+0.009%	$4.1M	$4.4M	—	as long as short
Bybit UNIUSDT	+0.0086%	8h	8.9870	−0.174%	$102.1M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9830	−0.218%	$55.0M	$248.8M	50x	as long as short
dYdX UNI-USD	+0.0097%	1h	8.9855	−0.190%	$249K	$6K	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9940	−0.096%	$955K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9910	−0.129%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9863	−0.181%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9863	−0.182%	$222.2M	$589.9M	75x	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	8.9950	−0.085%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9840	−0.207%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9880	−0.162%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9850	−0.196%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9820	−0.229%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9850	−0.196%	—	$51.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0002	−0.027%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	+0.155%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9950	−0.085%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.304%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9870	−0.174%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	8.9966	−0.067%	$85K	$363K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9970	−0.062%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0012	−0.016%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9973	−0.059%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9947	−0.088%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9960	−0.074%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9834	−0.214%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9873	−0.170%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9990	−0.040%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUALlong	+0.0139%	1h	9.0026	long leg	$580K	$176K	50x
01 Exchange UNIUSD	+0.0184%	1h	8.9956	−0.078%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	+0.026%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0050	+0.026%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9944	−0.092%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9997	−0.033%	$569K	—	120x	as long as short
Hyperliquid UNI	+0.0547%	1h	8.9985	−0.046%	$98.7M	$59.1M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0041	+0.016%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0807%	1h	9.0086	+0.066%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0888%	1h	9.0026	0.000%	$4.6M	$5.2M	15x	as long as short