Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Polymarket Perps against BingX+0.133%51s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.419% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+2.047%+$205 · spread now +0.133%, 7d avg +0.070%

Together, before fees+2.074%+$207 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 0.063% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.070%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX UNI-USDC	9.1780	0.0100	pay 0.0100% / 8h	6h 00m	—	$6.5M	—
Short	Polymarket Perps UNI-USD	9.1902	0.0100	get 0.0013% / 1h	0m 30s	$89K	$408K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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 BingXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.070%: $6.34
Slippage, 4 orders: −$23.88
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.54
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Polymarket Perps: 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 BingX live order book, 5 min ago	1.64 bp	12.8 bp −$13	28.2 bp −$282	81.1 bp −$8,110	588.4 bp −$294.2K
Sell Polymarket Perps live order book, 2 min ago	2.40 bp	8.8 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit

UNI on 39 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 −0.0007%	1h	9.1929	+0.162%	$26K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.792%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0075%	1h	9.1832	+0.056%	$242K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.1818	+0.041%	$458	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1795	+0.016%	$974K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1890	+0.120%	$1.1M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1872	+0.100%	$300K	$568K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1871	+0.099%	$229.9M	$606.8M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1840	+0.065%	$103.1M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1830	+0.054%	$56.8M	$255.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1890	+0.120%	$291K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1780	0.000%	$23.5M	$59.5M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1880	+0.109%	$49.8M	$26.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1780	0.000%	$13.8M	$12.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1750	−0.033%	$33.6M	$42.4M	75x	as long as short
BingX UNI-USDClong	+0.0100%	8h	9.1780	long leg	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1948	+0.183%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1879	+0.108%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1826	+0.050%	$173K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1739	−0.045%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1930	+0.163%	$90K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1940	+0.174%	$57K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.1902	+0.133%	$89K	$408K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1940	+0.174%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.2011	+0.252%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1950	+0.185%	$22K	$727K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1978	+0.216%	$730K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1930	+0.163%	$27.8M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1729	−0.055%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1764	−0.018%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1935	+0.169%	$33K	—	3x	as long as short
Hyperliquid UNI	+0.0290%	1h	9.2001	+0.241%	$100.2M	$59.1M	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1930	+0.163%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1862	+0.089%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1920	+0.153%	$654K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0417%	1h	9.1989	+0.228%	$5.1M	$6.9M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0511%	1h	9.1994	+0.233%	$597K	$188K	50x	as long as short
Lighter UNI	+0.0520%	1h	9.2032	+0.275%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0913%	1h	9.1562	−0.238%	$1K	$48K	10x	as long as short