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Funding arb · Price arb /

UNI

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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h −0.002%
Price spread now: MEXC against Polymarket Perps−0.060%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Long on Polymarket PerpsShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.331%−$33 · spread now −0.060%, 7d avg −0.032%
Together, before fees−0.317%−$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.028% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.032%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.014% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps UNI-USD8.9003−0.0179get 0.0022% / 1h37m 00s$109K$617K10x
ShortMEXC UNI_USDT8.89500.0100get 0.0100% / 8h1h 37m$49.0M$26.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
$58.65
Price spread: −0.060% → −0.032%
−$2.79
Slippage, 4 orders
−$10.71
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
$33.15
Costs to cover
0.227%
Break-even
3.0 days
Slippage from Polymarket Perps: live order book, 6 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 6 min ago1.80 bp5.8 bp −$610.9 bp −$109doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago0.56 bp8.6 bp −$912.9 bp −$12931.5 bp −$3,145159.9 bp −$80.0K

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps UNI-USDlong−0.0179%1h8.9003long leg$109K$617K10x
Kraken Futures PF_UNIUSD−0.0017%1h8.9030+0.031%$4.7M$8.7M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.9059+0.062%$49K—150xas long as short
01 Exchange UNIUSD+0.0024%1h8.9048+0.051%$444$510xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.790%$660$153K12xas long as short
dYdX UNI-USD+0.0095%1h8.9045+0.047%$234K$31K10xas long as short
Lighter UNI+0.0096%1h8.9060+0.064%$4.5M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8978−0.028%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9040+0.042%$745K$4.7M10xas long as short
Aster UNIUSDT+0.0100%8h8.9008+0.005%$734K$3.6M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9050+0.053%$284K$591K10xas long as short
Binance UNIUSDT+0.0100%8h8.8980−0.026%$215.0M$659.8M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8940−0.071%$98.8M$112.1M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8940−0.071%$54.1M$265.6M50xas long as short
Arcus UNI-USD+0.0100%1h8.9120+0.131%$318K$704K10xas long as short
Gate UNI_USDT+0.0100%8h8.8950−0.060%$24.9M$66.5M75xas long as short
MEXC UNI_USDTshort+0.0100%8h8.8950−0.060%$49.0M$26.5M200x
KuCoin UNIUSDTM+0.0100%8h8.8970−0.037%$13.0M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8960−0.048%$32.6M$45.5M75xas long as short
BingX UNI-USDT+0.0100%8h8.8960−0.048%—$57.3M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9041+0.043%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.9189+0.209%$4.1M$4.3M—as long as short
edgeX UNIUSDC+0.0100%4h8.9049+0.051%$169K$345K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9245+0.272%$630K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9250+0.278%$90K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9070+0.075%$15K$3.5M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9030+0.030%$16K$1.8M10xas long as short
SunX UNI-USDT+0.0100%8h8.9074+0.080%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8980−0.026%$32K$888K10xas long as short
HTX UNI-USDT+0.0100%8h8.9140+0.154%$697K$4.9M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9030+0.030%$26.9M$4.5M50xas long as short
Deribit UNI_USDC-PERPETUAL+0.0103%1h8.9045+0.047%$587K$250K50xas long as short
Extended UNI-USD+0.0104%1h8.8913−0.101%$298K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9005+0.002%$32K—3xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.9070+0.075%$929K$5.5M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8920−0.093%$10.1M$3.6M75xas long as short
Hyperliquid UNI+0.0338%1h8.9031+0.031%$94.6M$67.5M10xas long as short
Reya UNIRUSDPERP+0.0378%1h8.9013+0.011%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9031+0.032%$634K—120xas long as short
Aftermath Perps UNIUSD+0.0529%1h8.9300+0.334%$1K$53K10xas long as short