Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.001%

Price spread now: BingX against Polymarket Perps−0.093%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.415%−$41 · spread now −0.093%, 7d avg −0.065%

Together, before fees−0.442%−$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.029% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.065%). If the spread goes back, that is −$3 on $10k: about 3.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.9974	0.0069	pay 0.0009% / 1h	0m 11s	$125K	$583K	10x
Short	BingX UNI-USDT	8.9890	0.0100	get 0.0100% / 8h	2h 00m	—	$57.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $6.47
Price spread: −0.093% → −0.065%: −$2.86
Slippage, 4 orders: −$14.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.4
Costs to cover: 0.320%
Break-even: 37.7 days

Slippage from Polymarket Perps: live order book, 47 min ago; BingX: live order book, 9 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, 47 min ago	3.32 bp	7.6 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	3.34 bp	8.3 bp −$8	9.8 bp −$98	19.4 bp −$1,940	65.0 bp −$32.5K

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
Kraken Futures PF_UNIUSD	−0.0017%	1h	9.0029	+0.061%	$4.8M	$8.6M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0027	+0.059%	$593K	$247K	50x	as long as short
Nado UNI-PERP	0.0000%	1h	9.0017	+0.048%	$776K	$4.7M	10x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	9.0002	+0.031%	$49K	—	150x	as long as short
01 Exchange UNIUSD	+0.0008%	1h	9.0026	+0.058%	$449	$5	10x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−1.861%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USDlong	+0.0069%	1h	8.9974	long leg	$125K	$583K	10x
Lighter UNI	+0.0096%	1h	9.0095	+0.134%	$4.5M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0002	+0.031%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0007	+0.037%	$742K	$3.6M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	9.0058	+0.093%	$290K	$592K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9947	−0.030%	$218.2M	$659.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.9920	−0.060%	$100.1M	$112.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.9870	−0.116%	$54.7M	$267.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0090	+0.129%	$321K	$705K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.9880	−0.104%	$24.7M	$67.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9930	−0.049%	$49.6M	$27.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0010	+0.040%	$13.2M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9860	−0.127%	$33.0M	$45.9M	75x	as long as short
BingX UNI-USDTshort	+0.0100%	8h	8.9890	−0.093%	—	$57.3M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9962	−0.013%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0088	+0.127%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0251	+0.308%	$171K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0314	+0.378%	$626K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0360	+0.429%	$91K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0250	+0.307%	$15K	$3.5M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9980	+0.007%	$17K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0071	+0.108%	$37K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9970	−0.004%	$32K	$886K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0098	+0.138%	$702K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9980	+0.007%	$27.2M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.9948	−0.028%	$300K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9993	+0.021%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0138%	1h	9.0033	+0.066%	$237K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	9.0070	+0.107%	$939K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0100	+0.140%	$10.1M	$3.7M	75x	as long as short
Hyperliquid UNI	+0.0250%	1h	9.0044	+0.078%	$96.7M	$66.6M	10x	as long as short
Reya UNIRUSDPERP	+0.0377%	1h	8.9967	−0.008%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	9.0014	+0.044%	$640K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0479%	1h	9.0153	+0.199%	$1K	$54K	10x	as long as short