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% APRpaid last 24h +0.001%

Price spread now: Gate against Polymarket Perps+0.002%7-day average −0.051% · 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−$33as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)−0.634%−$63 · spread now +0.002%, 7d avg −0.051%

Together, before fees−0.669%−$67 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: Gate is 0.053% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.8468	0.0100	pay 0.0013% / 1h	26m 26s	$86K	$353K	10x
Short	Gate UNI_USDT	8.8470	0.0100	get 0.0100% / 8h	1h 26m	$23.0M	$58.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.051%: $5.3
Slippage, 4 orders: −$15.16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.86
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 56 min ago; Gate: 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 Polymarket Perps live order book, 56 min ago	1.68 bp	5.8 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.57 bp	14.4 bp −$14	23.5 bp −$235	41.5 bp −$4,146	65.4 bp −$32.7K

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	−0.0066%	8h	8.8274	−0.219%	$3.9M	$4.5M	—	as long as short
Bybit UNIUSDT	−0.0005%	8h	8.8430	−0.043%	$100.8M	$104.4M	75x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.8485	+0.019%	$61K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.190%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0043%	8h	8.8440	−0.032%	$54.8M	$243.8M	50x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	8.8482	+0.016%	$442	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8410	−0.066%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8445	−0.026%	$940K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8548	+0.091%	$1.0M	$3.3M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8514	+0.052%	$297K	$570K	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	8.8445	−0.026%	$217.1M	$588.0M	75x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8520	+0.059%	$282K	$615K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8470	+0.002%	$23.0M	$58.6M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8420	−0.054%	$42.8M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8440	−0.032%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8430	−0.043%	$32.0M	$41.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8430	−0.043%	—	$51.7M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8455	−0.015%	$982K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8335	−0.151%	$166K	$342K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8402	−0.074%	$613K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8370	−0.111%	$87K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8280	−0.213%	$105K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	8.8468	long leg	$86K	$353K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8460	−0.009%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8320	−0.167%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8335	−0.150%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8365	−0.116%	$725K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8340	−0.145%	$26.6M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8405	−0.072%	$300K	$1.4M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8400	−0.077%	$31K	$1K	3x	as long as short
dYdX UNI-USD	+0.0160%	1h	8.8503	+0.040%	$245K	$6K	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0167%	1h	8.8433	−0.039%	$562K	$157K	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8350	−0.133%	$9.8M	$3.3M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.8380	−0.099%	$1.0M	$5.3M	50x	as long as short
Hyperliquid UNI	+0.0311%	1h	8.8590	+0.138%	$97.1M	$59.3M	10x	as long as short
Kraken Futures PF_UNIUSD	+0.0342%	1h	8.8420	−0.054%	$4.9M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.8415	−0.060%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.8464	−0.004%	$554K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0623%	1h	8.8381	−0.099%	$1K	$49K	10x	as long as short
Lighter UNI	+0.0624%	1h	8.8629	+0.182%	$4.5M	$5.2M	15x	as long as short