UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against Polymarket Perps+0.159%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.159%, 7d avg +0.005%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.153% dearer against Polymarket Perps than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.8150	0.0100	pay 0.0013% / 1h	47m 35s	$86K	$324K	10x
Short	Coinbase International UNI-PERP-INTX	8.8290	0.0200	get 0.0025% / 1h	47m 35s	$1.0M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.159%Rate

Funding earned: $21
Price spread: +0.159% → +0.005%: $15.34
Slippage, 4 orders: −$21.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.58
Costs to cover: 0.399%
Break-even: 8.2 days

Slippage from Polymarket Perps: live order book, 39 min ago; Coinbase International: live order book, 1 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, 39 min ago	1.92 bp	6.5 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.83 bp	16.4 bp −$16	21.5 bp −$215	60.6 bp −$6,057	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
Variational Omni UNI	−0.0200%	8h	8.7965	−0.209%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0187%	8h	8.8200	+0.057%	$102.7M	$103.8M	75x	as long as short
01 Exchange UNIUSD	−0.0040%	1h	8.8343	+0.219%	$441	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8307	+0.178%	$551K	$125K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8197	+0.054%	$79K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0007%	8h	8.8210	+0.068%	$54.3M	$244.6M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8243	+0.105%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8092	−0.065%	$848K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8304	+0.175%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8265	+0.130%	$296K	$559K	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	8.8247	+0.110%	$216.2M	$593.3M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8380	+0.261%	$273K	$605K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8240	+0.102%	$22.9M	$58.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8200	+0.057%	$42.7M	$24.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8240	+0.102%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8250	+0.113%	$32.0M	$40.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8250	+0.113%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8258	+0.123%	$977K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8216	+0.075%	$166K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8123	−0.031%	$618K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8070	−0.091%	$83K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8130	−0.023%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	8.8150	long leg	$86K	$324K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8210	+0.068%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8187	+0.042%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8231	+0.092%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8420	+0.306%	$722K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8190	+0.045%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8235	+0.096%	$307K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8262	+0.127%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0154%	1h	8.8260	+0.125%	$244K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTXshort	+0.0200%	1h	8.8290	+0.159%	$1.0M	$5.3M	50x
BloFin UNI-USDT	+0.0220%	8h	8.8060	−0.102%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8302	+0.173%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0350%	1h	8.8385	+0.267%	$95.9M	$59.7M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8099	−0.058%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8188	+0.043%	$553K	—	120x	as long as short
Lighter UNI	+0.0424%	1h	8.8411	+0.296%	$4.5M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0477%	1h	8.8171	+0.024%	$1K	$50K	10x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.284%	$657	$97K	12x	as long as short