UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.011%

Price spread now: Deribit against Polymarket Perps−0.090%48s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$500.504% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.445%+$45 · spread now −0.090%, 7d avg +0.036%

Together, before fees+0.399%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.126% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 48 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	8.8464	0.0100	pay 0.0013% / 1h	44m 30s	$87K	$324K	10x
Short	Deribit UNI_USDC-PERPETUAL	8.8385	0	get 0.0000% / 1h	44m 30s	$552K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$21
Price spread: −0.090% → +0.036%: −$12.57
Slippage, 4 orders: −$35.44
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$84.01
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 42 min ago; Deribit: live order book, 44 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, 42 min ago	1.92 bp	6.5 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Deribit live order book, 44 min ago	5.99 bp	20.8 bp −$21	54.5 bp −$545	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
Variational Omni UNI	−0.0198%	8h	8.8235	−0.258%	$3.9M	$4.6M	—	as long as short
Bybit UNIUSDT	−0.0181%	8h	8.8600	+0.154%	$103.0M	$104.1M	75x	as long as short
01 Exchange UNIUSD	−0.0040%	1h	8.8489	+0.028%	$442	—	10x	as long as short
Deribit UNI_USDC-PERPETUALshort	0.0000%	1h	8.8385	−0.090%	$552K	$125K	50x
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0006%	1h	8.8680	+0.244%	$80K	—	150x	as long as short
OKX UNI-USDT-SWAP	+0.0006%	8h	8.8440	−0.027%	$54.4M	$245.3M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8393	−0.080%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8420	−0.050%	$849K	$3.9M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8500	+0.040%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8410	−0.061%	$297K	$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	8.8651	+0.212%	$217.2M	$592.8M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8490	+0.029%	$273K	$610K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8420	−0.050%	$23.0M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8600	+0.154%	$42.9M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8430	−0.038%	$13.8M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8440	−0.027%	$32.0M	$41.0M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8610	+0.165%	—	$49.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8341	−0.139%	$977K	$2.4M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8274	−0.215%	$166K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8268	−0.222%	$614K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8350	−0.129%	$83K	$711K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8370	−0.106%	$105K	$3.2M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	8.8464	long leg	$87K	$324K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8330	−0.151%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8375	−0.101%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8296	−0.190%	$28K	$659K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8446	−0.020%	$721K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8300	−0.185%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8380	−0.095%	$299K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8335	−0.146%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0123%	1h	8.8398	−0.074%	$245K	$5K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0200%	1h	8.8480	+0.018%	$1.0M	$5.3M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8310	−0.174%	$9.8M	$3.3M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	8.8397	−0.076%	$4.9M	$7.1M	50x	as long as short
Hyperliquid UNI	+0.0354%	1h	8.8627	+0.184%	$96.3M	$59.8M	10x	as long as short
Reya UNIRUSDPERP	+0.0359%	1h	8.8518	+0.061%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	8.8675	+0.238%	$555K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0463%	1h	8.8308	−0.177%	$1K	$50K	10x	as long as short
Lighter UNI	+0.0464%	1h	8.8525	+0.069%	$4.5M	$5.3M	15x	as long as short
Injective UNI/USDC PERP	+0.2702%	1h	8.7900	−0.638%	$657	$97K	12x	as long as short