Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against Binance+0.338%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Binance Short on Polymarket Perps

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)+0.754%+$75 · spread now +0.338%, 7d avg +0.032%

Together, before fees+0.740%+$74 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: Polymarket Perps is 0.306% dearer against Binance than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	9.1690	0.0100	pay 0.0100% / 8h	5h 10m	$227.6M	$622.1M	75x
Short	Polymarket Perps UNI-USD	9.2000	0.0100	get 0.0013% / 1h	10m 06s	$88K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.338%Rate

Funding earned: $0
Price spread: +0.338% → +0.032%: $30.63
Slippage, 4 orders: −$11.78
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $0.85
Costs to cover: 0.298%
Break-even: from the start

Slippage from Binance: live order book, 4 min ago; Polymarket Perps: live order book, 52 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 Binance live order book, 4 min ago	1.09 bp	7.2 bp −$7	14.2 bp −$142	43.4 bp −$4,342	174.3 bp −$87.2K
Sell Polymarket Perps live order book, 52 min ago	2.40 bp	8.8 bp −$9	15.2 bp −$152	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 −0.0006%	1h	9.1736	+0.050%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.697%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1942	+0.275%	$459	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0057%	1h	9.1776	+0.094%	$588K	$193K	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1805	+0.125%	$957K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1943	+0.276%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1916	+0.247%	$299K	$573K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	9.1690	long leg	$227.6M	$622.1M	75x
Bybit UNIUSDT	+0.0100%	8h	9.1640	−0.055%	$103.1M	$109.9M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1640	−0.055%	$56.8M	$257.9M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.2020	+0.360%	$292K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1660	−0.033%	$23.5M	$62.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1710	+0.022%	$49.4M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1730	+0.044%	$13.8M	$13.0M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1660	−0.033%	$33.6M	$43.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1660	−0.033%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1660	−0.033%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1627	−0.069%	$4.3M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1978	+0.314%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1893	+0.221%	$642K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.2110	+0.458%	$90K	$694K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1920	+0.251%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.2000	+0.338%	$88K	$419K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1730	+0.044%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1763	+0.080%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1705	+0.016%	$22K	$772K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1840	+0.164%	$724K	$4.5M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1720	+0.033%	$27.7M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1866	+0.192%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1631	−0.064%	$312K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1669	−0.023%	$33K	—	3x	as long as short
dYdX UNI-USD	+0.0118%	1h	9.1882	+0.209%	$242K	$31K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.2030	+0.371%	$10.6M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0267%	1h	9.1755	+0.071%	$5.1M	$7.7M	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0296%	1h	9.1830	+0.153%	$1.1M	$5.4M	50x	as long as short
Reya UNIRUSDPERP	+0.0371%	1h	9.1719	+0.031%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1729	+0.042%	$655K	—	120x	as long as short
Hyperliquid UNI	+0.0551%	1h	9.1801	+0.121%	$100.1M	$61.7M	10x	as long as short
Lighter UNI	+0.0576%	1h	9.1852	+0.177%	$4.7M	$5.8M	15x	as long as short
Aftermath Perps UNIUSD	+0.1008%	1h	9.1993	+0.330%	$933	$47K	10x	as long as short