UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against Polymarket Perps+0.130%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Polymarket Perps Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−0.597%−$60 · spread now +0.130%, 7d avg −0.004%

Together, before fees−0.530%−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.134% dearer against Polymarket Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	9.1399	0.0100	pay 0.0013% / 1h	49m 43s	$89K	$356K	10x
Short	Backpack UNI_USDC_PERP	9.1518	0.0254	get 0.0032% / 1h	49m 43s	$1.0M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.130%Rate

Funding earned: $32.42
Price spread: +0.130% → −0.004%: $13.38
Slippage, 4 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $18.8
Costs to cover: 0.270%
Break-even: 2.9 days

Slippage from Polymarket Perps: live order book, 27 min ago; Backpack: live order book, 4 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, 27 min ago	2.25 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.39 bp	6.3 bp −$6	126.6 bp −$1,266	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
Injective UNI/USDC PERP	−0.0049%	1h	8.8300	−3.391%	$660	$155K	12x	as long as short
dYdX UNI-USD	0.0000%	1h	9.1388	−0.012%	$253K	$6K	10x	as long as short
Variational Omni UNI	+0.0002%	8h	9.1084	−0.345%	$4.0M	$4.3M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1422	+0.025%	$63K	—	150x	as long as short
Bybit UNIUSDT	+0.0048%	8h	9.1600	+0.220%	$104.7M	$104.0M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0080%	8h	9.1600	+0.220%	$56.5M	$252.4M	50x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1375	−0.026%	$972K	$4.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1630	+0.253%	$1.1M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1395	−0.004%	$305K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1640	+0.264%	$226.7M	$586.7M	75x	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	9.1480	+0.089%	$282K	$619K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1630	+0.253%	$23.6M	$57.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1620	+0.242%	$44.2M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1520	+0.132%	$13.9M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1600	+0.220%	$33.2M	$41.5M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1600	+0.220%	—	$51.9M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0235	−1.273%	$170K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0290	−1.213%	$638K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0420	−1.071%	$89K	$713K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1120	−0.305%	$71K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.1399	long leg	$89K	$356K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1430	+0.034%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1541	+0.155%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1450	+0.056%	$26K	$662K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1472	+0.080%	$746K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1420	+0.023%	$27.6M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1273	−0.137%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1587	+0.206%	$315K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1450	+0.056%	$32K	$1K	3x	as long as short
01 Exchange UNIUSD	+0.0208%	1h	9.1457	+0.063%	$456	—	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1300	−0.108%	$10.0M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0232%	1h	9.1500	+0.111%	$1.1M	$5.5M	50x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0251%	1h	9.1483	+0.092%	$589K	$175K	50x	as long as short
Backpack UNI_USDC_PERPshort	+0.0254%	1h	9.1518	+0.130%	$1.0M	$2.3M	10x
Reya UNIRUSDPERP	+0.0363%	1h	9.1275	−0.136%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0380% / S −0.0320%	1h	9.1367	−0.035%	$575K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0553%	1h	9.1527	+0.141%	$5.1M	$7.0M	50x	as long as short
Aftermath Perps UNIUSD	+0.0734%	1h	9.0537	−0.943%	$1K	$49K	10x	as long as short
Hyperliquid UNI	+0.0963%	1h	9.1781	+0.418%	$101.5M	$58.6M	10x	as long as short
Lighter UNI	+0.1072%	1h	9.1821	+0.462%	$4.7M	$5.2M	15x	as long as short