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 +0.019%

Price spread now: Polymarket Perps against GRVT−0.315%63s7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$380.379% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.722%+$72 · spread now −0.315%, 7d avg +0.028%

Together, before fees+0.691%+ Points / potential airdropGRVT: Active · farm board+$69 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 0.343% cheaper against GRVT than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 63 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	GRVT UNI_USDT_Perp	9.0169	0.0100	pay 0.0100% / 8h	29m 42s	$637K	$2.5M	10x
Short	Polymarket Perps UNI-USD	8.9885	0.0100	get 0.0013% / 1h	29m 42s	$86K	$361K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GRVT. 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 GRVTbpFee Polymarket PerpsbpOrdersPrice spread, now −0.315%Rate

Funding earned: $0
Price spread: −0.315% → +0.028%: −$34.3
Slippage, 4 orders: −$20.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$72.22
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Polymarket Perps: live order book, 47 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 GRVT live order book, 4 min ago	1.11 bp	10.9 bp −$11	17.0 bp −$170	1766.6 bp −$176.7K	doesn't fit
Sell Polymarket Perps live order book, 47 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	−2.073%	$660	$155K	12x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9846	−0.359%	$62K	—	150x	as long as short
Variational Omni UNI	+0.0041%	8h	9.0035	−0.149%	$4.1M	$4.4M	—	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0057%	1h	8.9878	−0.323%	$579K	$176K	50x	as long as short
dYdX UNI-USD	+0.0068%	1h	8.9887	−0.314%	$249K	$6K	10x	as long as short
Bybit UNIUSDT	+0.0083%	8h	8.9890	−0.310%	$102.1M	$105.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0088%	8h	8.9910	−0.288%	$55.1M	$249.1M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.9875	−0.326%	$954K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9932	−0.263%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9924	−0.273%	$297K	$593K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.9930	−0.265%	$222.4M	$589.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0020	−0.166%	$278K	$620K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9910	−0.288%	$23.0M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9940	−0.254%	$43.7M	$24.0M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9940	−0.254%	$13.6M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9900	−0.299%	$32.8M	$42.0M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.9910	−0.288%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9939	−0.255%	$1.0M	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0166	−0.004%	$169K	$344K	20x	as long as short
GRVT UNI_USDT_Perplong	+0.0100%	8h	9.0169	long leg	$637K	$2.5M	10x
ApeX Omni UNIUSDT	+0.0100%	1h	9.0300	+0.145%	$89K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0030	−0.155%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	8.9885	−0.315%	$86K	$361K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9850	−0.354%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9968	−0.223%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9855	−0.349%	$25K	$674K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0040	−0.143%	$718K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9900	−0.299%	$27.1M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9897	−0.302%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9873	−0.328%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9851	−0.353%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0184%	1h	8.9899	−0.300%	$449	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9970	−0.221%	$10.1M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	8.9920	−0.277%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0364%	1h	8.9846	−0.359%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.9835	−0.371%	$565K	—	120x	as long as short
Hyperliquid UNI	+0.0558%	1h	9.0047	−0.136%	$98.8M	$59.0M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0563%	1h	8.9908	−0.290%	$5.0M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0804%	1h	9.0162	−0.008%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0936%	1h	9.0077	−0.102%	$4.6M	$5.2M	15x	as long as short