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

UNI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.159%
Price spread now: Polymarket Perps against Injective+3.018%7-day average −0.092% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.446%+$45 on $10k
Price spread, last 4 days (all we have)−3.149%−$315 · spread now +3.018%, 7d avg −0.092%
Together, before fees−2.703%−$270 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 3.110% dearer against Injective than usual: you sell high and buy low: +$311 more if the spread goes back to its 7-day average of −0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective UNI/USDC PERP8.83000.0033pay 0.0004% / 1h29m 11s$660$154K12x
ShortPolymarket Perps UNI-USD9.09650.0100get 0.0013% / 1h29m 11s$88K$425K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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
$14
Price spread: +3.018% → −0.092%
$310.96
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$316.94
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 28 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Polymarket Perps live order book, 28 min ago3.40 bp7.5 bp −$89.9 bp −$99doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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+2.964%$37K150xas long as short
Injective UNI/USDC PERPlong+0.0033%1h8.8300long leg$660$154K12x
01 Exchange UNIUSD+0.0064%1h9.0958+3.010%$454$510xas long as short
Nado UNI-PERP+0.0100%1h9.0905+2.950%$896K$4.4M10xas long as short
Aster UNIUSDT+0.0100%8h9.0997+3.054%$844K$3.5M50xas long as short
Pacifica UNI+0.0100%1h9.0864+2.903%$295K$599K10xas long as short
Binance UNIUSDT+0.0100%8h9.0831+2.867%$223.2M$636.6M75xas long as short
Bybit UNIUSDT+0.0100%8h9.0770+2.797%$101.9M$110.8M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h9.0710+2.729%$55.2M$260.8M50xas long as short
Arcus UNI-USD+0.0100%1h9.1030+3.092%$315K$651K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate UNI_USDT+0.0100%8h9.0960+3.012%$23.6M$63.5M75xas long as short
MEXC UNI_USDT+0.0100%8h9.0960+3.012%$48.1M$25.4M200xas long as short
KuCoin UNIUSDTM+0.0100%8h9.0980+3.035%$13.6M$13.2M75xas long as short
Bitget UNIUSDT+0.0100%8h9.0840+2.877%$33.5M$44.8M75xas long as short
BingX UNI-USDT+0.0100%8h9.0940+2.990%$56.6Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h9.0944+2.994%$1.0M$2.3M10xas long as short
Variational Omni UNI+0.0100%8h9.0539+2.536%$4.3M$4.2Mas long as short
edgeX UNIUSDC+0.0100%4h9.0568+2.569%$171K$346K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h9.0621+2.629%$632K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h9.0190+2.140%$92K$698K50xas long as short
StandX UNI-USD+0.0100%1h9.0580+2.582%$15K$3.4M20xas long as short
Polymarket Perps UNI-USDshort+0.0100%1h9.0965+3.018%$88K$425K10x
Orderly PERP_UNI_USDC+0.0100%8h9.0890+2.933%$16K$1.5M10xas long as short
SunX UNI-USDT+0.0100%8h9.0983+3.039%$37K$1.3M30xas long as short
SoDEX UNI-USD+0.0100%1h9.0858+2.897%$22K$790K10xas long as short
HTX UNI-USDT+0.0100%8h9.0880+2.922%$717K$4.6M75xas long as short
Phemex UNIUSDT+0.0100%8h9.0840+2.877%$27.5M$4.5M50xas long as short
Paradex UNI-USD-PERP+0.0100%8h9.0877+2.919%$26K20xas long as short
Extended UNI-USD+0.0104%1h9.0829+2.864%$294K$1.6M25xas long as short
Aevo UNI-PERP+0.0104%1h9.0875+2.916%$32K3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0115%1h9.0951+3.002%$583K$193K50xas long as short
dYdX UNI-USD+0.0120%1h9.0812+2.845%$239K$30K10xas long as short
Lighter UNI+0.0200%1h9.0949+3.000%$4.6M$5.8M15xas long as short
BloFin UNI-USDT+0.0220%8h9.0820+2.854%$10.4M$3.6M75xas long as short
Coinbase International UNI-PERP-INTX+0.0248%1h9.0990+3.046%$1.1M$5.7M50xas long as short
Kraken Futures PF_UNIUSD+0.0269%1h9.0934+2.983%$5.0M$7.9M50xas long as short
Reya UNIRUSDPERP+0.0372%1h9.0952+3.004%$17K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h9.0944+2.995%$647K120xas long as short
Hyperliquid UNI+0.0404%1h9.1056+3.121%$98.6M$62.5M10xas long as short
Aftermath Perps UNIUSD+0.0991%1h9.0563+2.563%$1K$46K10xas long as short