Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h +0.017%

Price spread now: Polymarket Perps against OKX−0.011%47s7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as 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−$270.266% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.409%+$41 · spread now −0.011%, 7d avg +0.071%

Together, before fees+0.430%+$43 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 0.082% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.071%). Swap the legs. The two prices were read 47 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	OKX UNI-USDT-SWAP	8.8560	0.0100	pay 0.0100% / 8h	1h 00m	$53.9M	$263.8M	50x
Short	Polymarket Perps UNI-USD	8.8550	−0.0074	pay 0.0009% / 1h	0m 36s	$106K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$36.59
Price spread: −0.011% → +0.071%: −$8.24
Slippage, 4 orders: −$8.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.46
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 42 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 OKX live order book, 3 min ago	0.56 bp	8.0 bp −$8	13.0 bp −$130	68.4 bp −$6,844	doesn't fit
Sell Polymarket Perps live order book, 42 min ago	1.80 bp	5.8 bp −$6	5.8 bp −$58	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
Polymarket Perps UNI-USDshort	−0.0074%	1h	8.8550	−0.011%	$106K	$619K	10x
01 Exchange UNIUSD	−0.0032%	1h	8.8626	+0.075%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8614	+0.061%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8596	+0.041%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.294%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0035%	1h	8.8595	+0.040%	$736K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8641	+0.091%	$4.4M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8548	−0.014%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8554	−0.007%	$725K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8558	−0.002%	$283K	$590K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8510	−0.056%	$213.8M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8500	−0.068%	$98.0M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAPlong	+0.0100%	8h	8.8560	long leg	$53.9M	$263.8M	50x
Arcus UNI-USD	+0.0100%	1h	8.8680	+0.136%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8590	+0.034%	$25.2M	$66.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8550	−0.011%	$48.4M	$26.7M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8580	+0.023%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8580	+0.023%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8560	0.000%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8607	+0.053%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8510	−0.057%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8584	+0.027%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8580	+0.023%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8750	+0.215%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8650	+0.102%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8610	+0.056%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8623	+0.071%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8569	+0.010%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8667	+0.121%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8600	+0.045%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8551	−0.011%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8580	+0.023%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0150%	1h	8.8595	+0.040%	$94.2M	$67.6M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0163%	1h	8.8641	+0.091%	$584K	$250K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8650	+0.102%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8540	−0.023%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8542	−0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8592	+0.036%	$630K	—	120x	as long as short
dYdX UNI-USD	+0.0385%	1h	8.8494	−0.074%	$233K	$30K	10x	as long as short
Aftermath Perps UNIUSD	+0.0509%	1h	8.8727	+0.188%	$947	$53K	10x	as long as short