UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0310%/8h= +33.9% APRnext payment +$0.39 per $10,000 · paid last 24h +0.053%

Price spread now: Hyperliquid against Polymarket Perps+0.279%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Polymarket Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 4 days (all we have)−0.787%−$79 · spread now +0.279%, 7d avg +0.064%

Together, before fees−0.536%+ Points / potential airdropHyperliquid: Season 2 · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.215% dearer against Polymarket Perps than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	9.0480	0.0100	pay 0.0013% / 1h	31m 39s	$87K	$424K	10x
Short	Hyperliquid UNI	9.0732	0.0410	get 0.0051% / 1h	31m 39s	$98.3M	$62.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.279%Rate

Funding earned: $65.07
Price spread: +0.279% → +0.064%: $21.46
Slippage, 4 orders: −$12.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $56.88
Costs to cover: 0.297%
Break-even: 0.9 days

Slippage from Polymarket Perps: live order book, 26 min ago; Hyperliquid: live order book, 12 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, 26 min ago	3.40 bp	7.5 bp −$8	9.2 bp −$92	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.44 bp	7.7 bp −$8	doesn't fit	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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0597	+0.130%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.409%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0598	+0.130%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0555	+0.083%	$896K	$4.4M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0699	+0.242%	$841K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0596	+0.128%	$294K	$593K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0568	+0.097%	$222.5M	$636.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0560	+0.088%	$101.6M	$110.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0560	+0.088%	$55.0M	$260.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0700	+0.243%	$314K	$651K	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	9.0590	+0.122%	$23.6M	$63.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0590	+0.122%	$47.9M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0610	+0.144%	$13.6M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0570	+0.099%	$33.4M	$44.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0580	+0.111%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0758	+0.307%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.9859	−0.686%	$4.2M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.9922	−0.616%	$170K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.9959	−0.576%	$633K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0190	−0.321%	$92K	$698K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0480	0.000%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.0480	long leg	$87K	$424K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0560	+0.088%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0400	−0.088%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0580	+0.111%	$22K	$789K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0580	+0.111%	$714K	$4.6M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0590	+0.122%	$27.4M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0568	+0.097%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0561	+0.090%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0574	+0.104%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0105%	1h	9.0612	+0.146%	$239K	$30K	10x	as long as short
Lighter UNI	+0.0216%	1h	9.0697	+0.240%	$4.6M	$5.8M	15x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0370	−0.122%	$10.3M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0248%	1h	9.0560	+0.088%	$1.1M	$5.7M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0270%	1h	9.0646	+0.183%	$5.0M	$7.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0309%	1h	9.0619	+0.153%	$581K	$193K	50x	as long as short
Reya UNIRUSDPERP	+0.0372%	1h	9.0482	+0.002%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0603	+0.136%	$644K	—	120x	as long as short
Hyperliquid UNIshort	+0.0410%	1h	9.0732	+0.279%	$98.3M	$62.4M	10x
Aftermath Perps UNIUSD	+0.1023%	1h	9.0358	−0.135%	$1K	$46K	10x	as long as short