Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Phemex against Polymarket Perps−0.045%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.045%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps UNI-USD | 8.8240 | 0.0100 | pay 0.0013% / 1h | 36m 58s | $86K | $351K | 10x |
| Short | Phemex UNIUSDT | 8.8200 | 0.0100 | get 0.0100% / 8h | 1h 36m | $26.5M | $4.5M | 50x |
Polymarket Perps UNI-USD
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.045% → +0.013%
- −$5.87
- Slippage, 4 orders
- −$12.57
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$38.45
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 45 min ago; Phemex: live order book, 2 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, 45 min ago | 1.68 bp | 5.8 bp −$6 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.70 bp | 7.7 bp −$8 | 26.5 bp −$265 | 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 | −0.0078% | 8h | 8.8285 | +0.051% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDT | −0.0025% | 8h | 8.8170 | −0.079% | $100.6M | $104.4M | 75x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8295 | +0.062% | $562K | $157K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.8277 | +0.042% | $61K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.7900 | −0.385% | $657 | $96K | 12x | as long as short |
| OKX UNI-USDT-SWAP | +0.0037% | 8h | 8.8170 | −0.079% | $54.6M | $243.0M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0040% | 1h | 8.8322 | +0.093% | $441 | — | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8268 | +0.031% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8300 | +0.068% | $934K | $4.0M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8314 | +0.084% | $1.0M | $3.4M | 50x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.8327 | +0.099% | $296K | $570K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.8209 | −0.036% | $216.6M | $588.3M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8390 | +0.170% | $272K | $606K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8270 | +0.034% | $22.9M | $58.4M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8190 | −0.057% | $42.5M | $24.4M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8210 | −0.034% | $13.5M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8150 | −0.102% | $32.0M | $41.3M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8270 | +0.034% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8295 | +0.062% | $978K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8429 | +0.214% | $166K | $343K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8390 | +0.170% | $613K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8450 | +0.238% | $87K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8390 | +0.170% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USDlong | +0.0100% | 1h | 8.8240 | long leg | $86K | $351K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8240 | 0.000% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8277 | +0.042% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8230 | −0.011% | $25K | $666K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8420 | +0.204% | $726K | $4.3M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 8.8200 | −0.045% | $26.5M | $4.5M | 50x | |
| Extended UNI-USD | +0.0104% | 1h | 8.8150 | −0.101% | $300K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8287 | +0.053% | $31K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0114% | 1h | 8.8357 | +0.132% | $245K | $6K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8200 | −0.045% | $9.8M | $3.3M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0224% | 1h | 8.8300 | +0.068% | $1.0M | $5.2M | 50x | as long as short |
| Hyperliquid UNI | +0.0324% | 1h | 8.8393 | +0.173% | $96.7M | $59.1M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0343% | 1h | 8.8306 | +0.075% | $4.9M | $7.0M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0362% | 1h | 8.8207 | −0.037% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0319% | 1h | 8.8270 | +0.034% | $553K | — | 120x | as long as short |
| Lighter UNI | +0.0584% | 1h | 8.8415 | +0.198% | $4.5M | $5.2M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0613% | 1h | 8.8317 | +0.087% | $1K | $49K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Hyperliquid UNI
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Lighter UNI
Aftermath Perps UNIUSD