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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Polymarket Perps−0.173%63s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$400.397% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.408%−$41 · spread now −0.173%, 7d avg +0.023%

Together, before fees−0.341%−$34 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: ApeX Omni is 0.196% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.023%. 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	Polymarket Perps UNI-USD	9.0286	0.0100	pay 0.0013% / 1h	53m 46s	$88K	$355K	10x
Short	ApeX Omni UNIUSDT	9.0130	0.0100	get 0.0013% / 1h	53m 46s	$89K	$712K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → +0.023%: −$19.62
Slippage, 4 orders: −$21.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$59.28
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 23 min ago; ApeX Omni: live order book, 25 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 Polymarket Perps live order book, 23 min ago	2.25 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	5.06 bp	12.4 bp −$12	108.3 bp −$1,083	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	−2.200%	$660	$155K	12x	as long as short
Variational Omni UNI	−0.0010%	8h	9.0073	−0.236%	$4.0M	$4.4M	—	as long as short
dYdX UNI-USD	0.0000%	1h	9.0217	−0.076%	$250K	$6K	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0294	+0.009%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0040%	8h	9.0230	−0.062%	$103.0M	$103.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0074%	8h	9.0250	−0.040%	$55.7M	$248.2M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0162	−0.137%	$26K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0175	−0.123%	$956K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0337	+0.056%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0240	−0.051%	$301K	$586K	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	9.0267	−0.021%	$222.5M	$585.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0300	+0.016%	$279K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0190	−0.106%	$23.2M	$57.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0200	−0.095%	$43.5M	$23.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0200	−0.095%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0230	−0.062%	$32.8M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0230	−0.062%	—	$6.5M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0073	−0.236%	$169K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0062	−0.248%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDTshort	+0.0100%	1h	9.0130	−0.173%	$89K	$712K	50x
StandX UNI-USD	+0.0100%	1h	9.0300	+0.016%	$108K	$3.2M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.0286	long leg	$88K	$355K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0310	+0.027%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0371	+0.094%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0350	+0.071%	$25K	$654K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0332	+0.051%	$739K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0340	+0.060%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0168	−0.131%	$301K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0338	+0.057%	$32K	$1K	3x	as long as short
Backpack UNI_USDC_PERP	+0.0167%	1h	9.0357	+0.079%	$1.0M	$2.3M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0183%	1h	9.0381	+0.105%	$582K	$175K	50x	as long as short
01 Exchange UNIUSD	+0.0216%	1h	9.0281	−0.006%	$451	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0360	+0.082%	$10.0M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.0290	+0.004%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0363%	1h	9.0195	−0.101%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.0277	−0.010%	$567K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0560%	1h	9.0390	+0.116%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0710%	1h	9.0010	−0.306%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0793%	1h	9.0427	+0.156%	$99.7M	$58.3M	10x	as long as short
Lighter UNI	+0.1048%	1h	9.0535	+0.276%	$4.6M	$5.1M	15x	as long as short