Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Polymarket Perps+0.022%7-day average +0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.468%−$47 · spread now +0.022%, 7d avg +0.035%

Together, before fees−0.465%−$47 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.9040	0.0100	pay 0.0013% / 1h	13m 21s	$87K	$355K	10x
Short	Arcus UNI-USD	8.9060	0.0100	get 0.0013% / 1h	13m 21s	$274K	$621K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.035%: −$1.24
Slippage, 4 orders: −$20.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$34.57
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Arcus: live order book, 5 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, 4 min ago	2.25 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	3.93 bp	11.2 bp −$11	13.9 bp −$139	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
Variational Omni UNI	−0.0045%	8h	8.9174	+0.150%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9052	+0.014%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0005%	8h	8.9000	−0.045%	$101.5M	$104.7M	75x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.831%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0049%	8h	8.9000	−0.045%	$55.1M	$245.7M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9050	+0.011%	$444	—	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0098%	1h	8.9079	+0.043%	$566K	$157K	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9027	−0.015%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8985	−0.062%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9064	+0.027%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9058	+0.020%	$301K	$577K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	8.9040	0.000%	$218.8M	$589.4M	75x	as long as short
Arcus UNI-USDshort	+0.0100%	1h	8.9060	+0.022%	$274K	$621K	10x
Gate UNI_USDT	+0.0100%	8h	8.9030	−0.011%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9060	+0.022%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9010	−0.034%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9020	−0.022%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.9020	−0.022%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9105	+0.073%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.229%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.180%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.202%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.180%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	8.9040	long leg	$87K	$355K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.9020	−0.022%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.9003	−0.042%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9049	+0.010%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9194	+0.173%	$731K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9070	+0.034%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8995	−0.051%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9048	+0.009%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0115%	1h	8.9052	+0.014%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9070	+0.034%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9130	+0.101%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0340%	1h	8.9099	+0.066%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9025	−0.017%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9036	−0.005%	$558K	—	120x	as long as short
Hyperliquid UNI	+0.0400%	1h	8.9144	+0.117%	$98.1M	$59.3M	10x	as long as short
Lighter UNI	+0.0640%	1h	8.9231	+0.215%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0650%	1h	8.9045	+0.006%	$1K	$49K	10x	as long as short