Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Bybit against Polymarket Perps−0.122%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−1.043%−$104 · spread now −0.122%, 7d avg −0.105%

Together, before fees−1.060%−$106 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	9.1271	0.0100	pay 0.0013% / 1h	53m 59s	$88K	$422K	10x
Short	Bybit UNIUSDT	9.1160	0.0100	get 0.0100% / 8h	4h 53m	$102.4M	$110.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.105%: −$1.7
Slippage, 4 orders: −$15.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.1
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago	3.40 bp	7.5 bp −$8	9.2 bp −$92	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.55 bp	8.8 bp −$9	16.4 bp −$164	35.6 bp −$3,562	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	9.1268	−0.003%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.255%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1281	+0.011%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1230	−0.045%	$920K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1334	+0.069%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1273	+0.002%	$298K	$589K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1216	−0.060%	$225.7M	$625.7M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.1160	−0.122%	$102.4M	$110.6M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1180	−0.100%	$56.0M	$258.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.1320	+0.054%	$289K	$618K	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	9.1220	−0.056%	$23.1M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1230	−0.045%	$48.8M	$25.2M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1210	−0.067%	$13.7M	$13.1M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1150	−0.133%	$33.5M	$43.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1200	−0.078%	—	$56.6M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1272	+0.001%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1490	+0.240%	$4.3M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0960	−0.341%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1208	−0.069%	$635K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0950	−0.352%	$89K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1330	+0.065%	$36K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.1271	long leg	$88K	$422K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1210	−0.067%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1317	+0.050%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1267	−0.004%	$22K	$781K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1304	+0.036%	$718K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1260	−0.012%	$27.6M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0101%	8h	9.1190	−0.089%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1187	−0.092%	$301K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1231	−0.044%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0193%	1h	9.1275	+0.005%	$585K	$193K	50x	as long as short
dYdX UNI-USD	+0.0205%	1h	9.1234	−0.040%	$240K	$30K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1270	−0.001%	$10.4M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.1340	+0.076%	$1.1M	$5.4M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0268%	1h	9.1327	+0.061%	$5.1M	$7.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1228	−0.048%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1258	−0.014%	$650K	—	120x	as long as short
Lighter UNI	+0.0416%	1h	9.1385	+0.125%	$4.6M	$5.8M	15x	as long as short
Hyperliquid UNI	+0.0529%	1h	9.1358	+0.095%	$99.3M	$61.4M	10x	as long as short
Aftermath Perps UNIUSD	+0.1010%	1h	9.1347	+0.083%	$1K	$46K	10x	as long as short