Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Polymarket Perps against KuCoin−0.165%49s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as 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−$550.554% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+2.321%+$232 · spread now −0.165%, 7d avg +0.050%

Together, before fees+2.309%+$231 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 0.215% cheaper against KuCoin than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 49 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	KuCoin UNIUSDTM	9.1140	0.0100	pay 0.0100% / 8h	6h 23m	$13.5M	$13.7M	75x
Short	Polymarket Perps UNI-USD	9.0990	0.0100	get 0.0013% / 1h	23m 37s	$86K	$410K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.165%Rate

Funding earned: $0
Price spread: −0.165% → +0.050%: −$21.51
Slippage, 4 orders: −$35.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$76.93
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Polymarket Perps: live order book, 44 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 KuCoin live order book, 10 min ago	1.67 bp	17.4 bp −$17	22.8 bp −$228	62.4 bp −$6,235	doesn't fit
Sell Polymarket Perps live order book, 44 min ago	2.46 bp	7.1 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit

UNI on 39 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	9.0967	−0.190%	$19K	—	150x	as long as short
dYdX UNI-USD	+0.0018%	1h	9.1055	−0.094%	$240K	$30K	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.116%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0040%	1h	9.1049	−0.100%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0922	−0.239%	$951K	$4.3M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.1218	+0.086%	$99.0M	$60.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1215	+0.082%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1093	−0.052%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1076	−0.071%	$227.4M	$611.0M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1000	−0.154%	$101.9M	$107.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0960	−0.197%	$56.2M	$255.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1020	−0.132%	$288K	$641K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0990	−0.165%	$23.3M	$58.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1050	−0.099%	$49.9M	$26.2M	200x	as long as short
KuCoin UNIUSDTMlong	+0.0100%	8h	9.1140	long leg	$13.5M	$13.7M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1020	−0.132%	$33.3M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0980	−0.176%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1118	−0.024%	$998K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0580	−0.614%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0454	−0.753%	$170K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0456	−0.750%	$629K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−0.790%	$88K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0870	−0.296%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.0990	−0.165%	$86K	$410K	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	9.1024	−0.127%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1060	−0.088%	$22K	$712K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1054	−0.094%	$724K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1060	−0.088%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0978	−0.178%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0951	−0.207%	$303K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1079	−0.067%	$32K	—	3x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1020	−0.132%	$1.1M	$4.7M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0336%	1h	9.1129	−0.012%	$591K	$188K	50x	as long as short
Reya UNIRUSDPERP	+0.0368%	1h	9.0927	−0.234%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0950	−0.208%	$647K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1120	−0.022%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0448%	1h	9.1250	+0.121%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0934%	1h	9.0544	−0.654%	$948	$48K	10x	as long as short