Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Polymarket Perps against edgeX−0.221%64s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$290.290% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)+0.730%+$73 · spread now −0.221%, 7d avg +0.037%

Together, before fees+0.651%+ Points / potential airdropedgeX: Active · farm board+$65 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 0.259% cheaper against edgeX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 64 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	edgeX UNIUSDC	9.0166	0.0100	pay 0.0050% / 4h	28m 06s	$169K	$344K	20x
Short	Polymarket Perps UNI-USD	8.9966	0.0100	get 0.0013% / 1h	28m 06s	$85K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → +0.037%: −$25.87
Slippage, 4 orders: −$11.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$54.83
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from edgeX: live order book, 50 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 edgeX live order book, 50 min ago	2.25 bp	7.1 bp −$7	17.5 bp −$175	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	−2.069%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9974	−0.213%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	−0.145%	$4.1M	$4.4M	—	as long as short
dYdX UNI-USD	+0.0084%	1h	8.9898	−0.297%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0084%	8h	8.9900	−0.295%	$102.1M	$104.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0089%	8h	8.9890	−0.306%	$55.1M	$249.1M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9940	−0.250%	$955K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9988	−0.197%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9930	−0.261%	$297K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9929	−0.263%	$222.4M	$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	8.9960	−0.228%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9930	−0.261%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9990	−0.195%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0000	−0.184%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9950	−0.239%	$32.9M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9940	−0.250%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0002	−0.182%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDClong	+0.0100%	4h	9.0166	long leg	$169K	$344K	20x
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9950	−0.239%	$631K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.149%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9870	−0.328%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	8.9966	−0.221%	$85K	$363K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9970	−0.217%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0012	−0.170%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9973	−0.214%	$21K	$676K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9947	−0.243%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9960	−0.228%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9840	−0.362%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9923	−0.269%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9990	−0.195%	$32K	$1K	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0139%	1h	9.0026	−0.155%	$580K	$176K	50x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9956	−0.233%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0050	−0.128%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0050	−0.128%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9944	−0.246%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	8.9997	−0.187%	$569K	—	120x	as long as short
Hyperliquid UNI	+0.0549%	1h	9.0042	−0.137%	$98.7M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0562%	1h	9.0041	−0.138%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0807%	1h	9.0086	−0.089%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0896%	1h	9.0147	−0.021%	$4.6M	$5.2M	15x	as long as short