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 +0.002%

Price spread now: Polymarket Perps against MEXC+0.149%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.982%+$98 · spread now +0.149%, 7d avg +0.037%

Together, before fees+0.969%+$97 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 0.112% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	9.0800	0.0100	pay 0.0100% / 8h	5h 40m	$49.1M	$25.1M	200x
Short	Polymarket Perps UNI-USD	9.0935	0.0100	get 0.0013% / 1h	40m 57s	$88K	$412K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.037%: $11.19
Slippage, 4 orders: −$13.38
Fee MEXC: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.19
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; Polymarket Perps: live order book, 21 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 MEXC live order book, 8 min ago	1.66 bp	5.9 bp −$6	12.0 bp −$120	34.6 bp −$3,462	184.8 bp −$92.4K
Sell Polymarket Perps live order book, 21 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	9.0866	+0.073%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.753%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0936	+0.150%	$454	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0837	+0.041%	$946K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0834	+0.038%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0846	+0.051%	$296K	$570K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0813	+0.014%	$226.5M	$609.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0790	−0.011%	$102.2M	$107.8M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0810	+0.011%	$56.1M	$253.0M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1020	+0.242%	$288K	$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_USDT	+0.0100%	8h	9.0770	−0.033%	$23.4M	$59.4M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	9.0800	long leg	$49.1M	$25.1M	200x
KuCoin UNIUSDTM	+0.0100%	8h	9.0770	−0.033%	$13.6M	$12.9M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0750	−0.055%	$33.2M	$42.6M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0780	−0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0745	−0.061%	$987K	$2.2M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0797	−0.003%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1246	+0.492%	$172K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1249	+0.495%	$637K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1290	+0.540%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1320	+0.573%	$58K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.0935	+0.149%	$88K	$412K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0840	+0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0904	+0.115%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0811	+0.012%	$22K	$755K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0940	+0.154%	$719K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0720	−0.088%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0883	+0.091%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0770	−0.034%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0805	+0.006%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0150%	1h	9.0825	+0.027%	$239K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0630	−0.187%	$10.4M	$3.6M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0248%	1h	9.0878	+0.086%	$586K	$191K	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0847	+0.052%	$5.1M	$7.3M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.0830	+0.033%	$1.1M	$5.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0370%	1h	9.0866	+0.073%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0858	+0.064%	$647K	—	120x	as long as short
Hyperliquid UNI	+0.0566%	1h	9.0856	+0.062%	$98.6M	$59.6M	10x	as long as short
Lighter UNI	+0.0592%	1h	9.0985	+0.204%	$4.7M	$5.6M	15x	as long as short
Aftermath Perps UNIUSD	+0.0966%	1h	9.1045	+0.269%	$932	$47K	10x	as long as short