Settings8H · net · $10k
Funding arb · Price arb /

UNI

all UNI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0171%/8h= −18.7% APRnext payment $0.21 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against ApeX Omni−0.075%63s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$400.395% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 4 days (all we have)+0.567%+$57 · spread now −0.075%, 7d avg −0.032%
Together, before fees+0.501%+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.044% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni UNIUSDT8.87500.0100pay 0.0013% / 1h0m 02s$89K$709K50x
ShortPolymarket Perps UNI-USD8.8683−0.0071pay 0.0009% / 1h0m 02s$106K$619K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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
−$35.88
Price spread: −0.075% → −0.032%
−$4.39
Slippage, 4 orders
−$21.55
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$79.82
Costs to cover
0.395%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 44 min ago; Polymarket Perps: live order book, 43 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 ApeX Omni live order book, 44 min ago6.16 bp13.5 bp −$1397.6 bp −$976doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 43 min ago1.80 bp5.8 bp −$65.8 bp −$58doesn't fitdoesn't fit

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-USDshort−0.0071%1h8.8683−0.075%$106K$619K10x
01 Exchange UNIUSD−0.0032%1h8.8626−0.140%$442$510xas long as short
Kraken Futures PF_UNIUSD−0.0017%1h8.8734−0.018%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.8717−0.037%$49K150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.507%$660$153K12xas long as short
Nado UNI-PERP+0.0034%1h8.8640−0.124%$736K$4.7M10xas long as short
Lighter UNI+0.0096%1h8.8809+0.066%$4.5M$5.7M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.8548−0.228%$25K20xas long as short
Aster UNIUSDT+0.0100%8h8.8686−0.072%$726K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.8558−0.216%$283K$590K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.8621−0.146%$214.1M$657.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.8640−0.124%$98.2M$111.4M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.8640−0.124%$54.0M$264.1M50xas long as short
Arcus UNI-USD+0.0100%1h8.8680−0.079%$316K$695K10xas long as short
Gate UNI_USDT+0.0100%8h8.8670−0.090%$25.2M$66.9M75xas long as short
MEXC UNI_USDT+0.0100%8h8.8670−0.090%$48.4M$26.7M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.8680−0.079%$13.0M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.8630−0.135%$32.5M$45.4M75xas long as short
BingX UNI-USDC+0.0100%8h8.8630−0.135%$6.5Mas long as short
Backpack UNI_USDC_PERP+0.0100%1h8.8751+0.001%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.8510−0.271%$4.1M$4.3Mas long as short
edgeX UNIUSDC+0.0100%4h8.8584−0.187%$168K$347K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.8580−0.192%$620K$2.7M10xas long as short
ApeX Omni UNIUSDTlong+0.0100%1h8.8750long leg$89K$709K50x
StandX UNI-USD+0.0100%1h8.8650−0.113%$15K$3.4M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.8660−0.101%$16K$2.0M10xas long as short
SunX UNI-USDT+0.0100%8h8.8660−0.101%$36K$1.4M30xas long as short
SoDEX UNI-USD+0.0100%1h8.8685−0.073%$32K$887K10xas long as short
HTX UNI-USDT+0.0100%8h8.8605−0.163%$694K$4.8M75xas long as short
Phemex UNIUSDT+0.0100%8h8.8690−0.068%$26.8M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.8625−0.141%$289K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.8711−0.044%$31K3xas long as short
Hyperliquid UNI+0.0151%1h8.8773+0.026%$94.4M$67.6M10xas long as short
Deribit UNI_USDC-PERPETUAL+0.0172%1h8.8748−0.002%$585K$250K50xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.8710−0.045%$924K$5.4M50xas long as short
BloFin UNI-USDT+0.0220%8h8.8540−0.237%$10.0M$3.6M75xas long as short
Reya UNIRUSDPERP+0.0380%1h8.8657−0.104%$16K20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.8720−0.033%$631K120xas long as short
dYdX UNI-USD+0.0385%1h8.8494−0.288%$233K$30K10xas long as short
Aftermath Perps UNIUSD+0.0510%1h8.8735−0.017%$947$53K10xas long as short