Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: SoDEX against Polymarket Perps−0.067%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$560.555% of the position

Long on Polymarket Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.783%+$78 · spread now −0.067%, 7d avg −0.019%

Together, before fees+0.786%+$79 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	9.0160	0.0100	pay 0.0013% / 1h	12m 03s	$105K	$609K	10x
Short	SoDEX UNI-USD	9.0100	0.0100	get 0.0013% / 1h	12m 03s	$32K	$860K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.019%: −$4.75
Slippage, 4 orders: −$39.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$60.26
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; SoDEX: live order book, 22 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, 6 min ago	9.50 bp	14.8 bp −$15	17.4 bp −$174	doesn't fit	doesn't fit
Sell SoDEX live order book, 22 min ago	1.97 bp	12.3 bp −$12	29.4 bp −$294	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
Kraken Futures PF_UNIUSD	−0.0061%	1h	9.0188	+0.031%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0005%	1h	9.0078	−0.091%	$77K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.063%	$660	$153K	12x	as long as short
01 Exchange UNIUSD	+0.0088%	1h	9.0052	−0.120%	$475	$31	10x	as long as short
Nado UNI-PERP	+0.0088%	1h	9.0020	−0.155%	$729K	$4.4M	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0217	+0.063%	$4.4M	$5.6M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9941	−0.243%	$26K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0182	+0.025%	$742K	$3.2M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.9980	−0.200%	$291K	$555K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0170	+0.011%	$218.0M	$636.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit UNIUSDT	+0.0100%	8h	9.0150	−0.011%	$99.9M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0160	0.000%	$54.9M	$258.8M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0140	−0.022%	$323K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0150	−0.011%	$27.2M	$63.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0120	−0.044%	$47.6M	$25.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0160	0.000%	$13.2M	$12.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0180	+0.022%	$33.7M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0140	−0.022%	—	$57.9M	—	as long as short
Variational Omni UNI	+0.0100%	8h	9.0442	+0.313%	$4.2M	$3.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0291	+0.145%	$171K	$348K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0209	+0.054%	$630K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0260	+0.111%	$91K	$707K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0220	+0.067%	$33K	$3.5M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.0160	long leg	$105K	$609K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0090	−0.078%	$17K	$2.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0142	−0.020%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDshort	+0.0100%	1h	9.0100	−0.067%	$32K	$860K	10x
HTX UNI-USDT	+0.0100%	8h	9.0220	+0.067%	$709K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0090	−0.078%	$27.2M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0148	−0.013%	$297K	$1.8M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0116	−0.049%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0180%	1h	9.0275	+0.128%	$96.7M	$67.7M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0208%	1h	8.9980	−0.200%	$935K	$5.3M	50x	as long as short
Backpack UNI_USDC_PERP	+0.0208%	1h	9.0228	+0.075%	$1.1M	$2.5M	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9900	−0.288%	$10.1M	$3.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0264%	1h	9.0185	+0.027%	$597K	$249K	50x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0088	−0.080%	$640K	—	120x	as long as short
Reya UNIRUSDPERP	+0.0383%	1h	8.9957	−0.225%	$16K	—	20x	as long as short
dYdX UNI-USD	+0.0466%	1h	8.9996	−0.182%	$236K	$32K	10x	as long as short
Aftermath Perps UNIUSD	+0.0467%	1h	9.0124	−0.039%	$1K	$51K	10x	as long as short