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 −0.001%

Price spread now: Polymarket Perps against Gate+0.092%48s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$430.428% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+1.028%+$103 · spread now +0.092%, 7d avg +0.050%

Together, before fees+1.056%+$106 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 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 48 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	Gate UNI_USDT	9.1020	0.0100	pay 0.0100% / 8h	5h 44m	$23.4M	$59.3M	75x
Short	Polymarket Perps UNI-USD	9.1104	0.0100	get 0.0013% / 1h	44m 39s	$88K	$411K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.050%: $4.25
Slippage, 4 orders: −$19.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.56
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 18 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 Gate live order book, 4 min ago	1.66 bp	14.3 bp −$14	22.5 bp −$225	40.2 bp −$4,021	62.8 bp −$31.4K
Sell Polymarket Perps live order book, 18 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 −0.0004%	1h	9.1057	+0.041%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.988%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.1078	+0.064%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	−0.055%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1204	+0.202%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1155	+0.148%	$297K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1098	+0.085%	$227.3M	$609.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1080	+0.066%	$102.6M	$107.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1110	+0.099%	$56.2M	$253.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1110	+0.099%	$289K	$619K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate UNI_USDTlong	+0.0100%	8h	9.1020	long leg	$23.4M	$59.3M	75x
MEXC UNI_USDT	+0.0100%	8h	9.1020	0.000%	$49.4M	$25.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1190	+0.187%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1020	0.000%	$33.4M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1040	+0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1184	+0.180%	$993K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0819	−0.221%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0612	−0.448%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0730	−0.319%	$634K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0770	−0.275%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0830	−0.209%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.1104	+0.092%	$88K	$411K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1080	+0.066%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1164	+0.158%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1072	+0.057%	$22K	$750K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1120	+0.110%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	+0.121%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1170	+0.165%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1016	−0.004%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0907	−0.124%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0180%	1h	9.1194	+0.191%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1120	+0.110%	—	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.1112	+0.101%	$5.1M	$7.2M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1140	+0.132%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.1052	+0.035%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1062	+0.046%	$648K	—	120x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0442%	1h	9.1129	+0.120%	$587K	$191K	50x	as long as short
Hyperliquid UNI	+0.0566%	1h	9.1316	+0.325%	$99.6M	$59.1M	10x	as long as short
Lighter UNI	+0.0616%	1h	9.1303	+0.311%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0953%	1h	9.1021	+0.002%	$874	$47K	10x	as long as short