Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.001%

Price spread now: BingX against Polymarket Perps+0.032%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Polymarket Perps Short on BingX

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)−0.669%−$67 · spread now +0.032%, 7d avg −0.066%

Together, before fees−0.697%−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.098% dearer against Polymarket Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.8602	0.0085	pay 0.0011% / 1h	31m 08s	$96K	$515K	10x
Short	BingX UNI-USDC	8.8630	0.0100	get 0.0100% / 8h	2h 31m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $3.14
Price spread: +0.032% → −0.066%: $9.77
Slippage, 4 orders: −$20.96
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.05
Costs to cover: 0.390%
Break-even: 65.0 days

Slippage from Polymarket Perps: live order book, 17 min ago; BingX: 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, 17 min ago	3.32 bp	7.6 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.12 bp	13.3 bp −$13	36.6 bp −$366	86.3 bp −$8,631	619.7 bp −$309.8K

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
Nado UNI-PERP	−0.0119%	1h	8.8550	−0.059%	$821K	$4.7M	10x	as long as short
01 Exchange UNIUSD	−0.0048%	1h	8.8637	+0.040%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8680	+0.088%	$4.8M	$8.5M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8630	+0.031%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.341%	$660	$153K	12x	as long as short
Polymarket Perps UNI-USDlong	+0.0085%	1h	8.8602	long leg	$96K	$515K	10x
Lighter UNI	+0.0096%	1h	8.8757	+0.175%	$4.5M	$5.5M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8585	−0.020%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8650	+0.054%	$750K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8630	+0.032%	$284K	$612K	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	8.8650	+0.055%	$215.4M	$659.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8620	+0.020%	$99.0M	$112.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8610	+0.009%	$53.9M	$263.6M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8690	+0.099%	$316K	$700K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8610	+0.009%	$24.0M	$65.4M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.8650	+0.054%	$46.4M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8640	+0.043%	$13.0M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8610	+0.009%	$32.6M	$46.5M	75x	as long as short
BingX UNI-USDCshort	+0.0100%	8h	8.8630	+0.032%	—	$6.5M	—
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8697	+0.107%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8991	+0.439%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8670	+0.077%	$168K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8791	+0.213%	$619K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8700	+0.111%	$91K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8710	+0.122%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8630	+0.032%	$16K	$1.6M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8685	+0.094%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8631	+0.033%	$32K	$857K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8697	+0.107%	$708K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8630	+0.032%	$26.8M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8587	−0.017%	$285K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8574	−0.032%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0137%	1h	8.8734	+0.148%	$94.5M	$66.4M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0150%	1h	8.8693	+0.103%	$568K	$203K	50x	as long as short
dYdX UNI-USD	+0.0166%	1h	8.8586	−0.018%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0184%	1h	8.8630	+0.032%	$926K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8640	+0.043%	$10.0M	$3.6M	75x	as long as short
Reya UNIRUSDPERP	+0.0376%	1h	8.8578	−0.027%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8616	+0.016%	$631K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0634%	1h	8.8773	+0.193%	$915	$45K	10x	as long as short