Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: KuCoin against Polymarket Perps−0.002%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−2.154%−$215 · spread now −0.002%, 7d avg −0.050%

Together, before fees−2.143%−$214 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: KuCoin is 0.048% 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 −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	9.1162	0.0100	pay 0.0013% / 1h	16m 11s	$87K	$410K	10x
Short	KuCoin UNIUSDTM	9.1160	0.0100	get 0.0100% / 8h	6h 16m	$13.7M	$12.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → −0.050%: $4.83
Slippage, 4 orders: −$40.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.2
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 51 min ago; KuCoin: 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, 51 min ago	2.46 bp	7.3 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.28 bp	23.4 bp −$23	29.3 bp −$293	67.5 bp −$6,753	doesn't fit

UNI on 39 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1155	−0.008%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.139%	$660	$154K	12x	as long as short
dYdX UNI-USD	+0.0043%	1h	9.1200	+0.042%	$240K	$30K	10x	as long as short
01 Exchange UNIUSD	+0.0056%	1h	9.1108	−0.059%	$455	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1060	−0.112%	$966K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1209	+0.052%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1226	+0.070%	$298K	$574K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1222	+0.065%	$228.1M	$611.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.1180	+0.020%	$102.1M	$107.6M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1210	+0.053%	$56.3M	$256.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.1210	+0.053%	$289K	$639K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1140	−0.024%	$23.3M	$59.0M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1210	+0.053%	$49.9M	$26.3M	200x	as long as short
KuCoin UNIUSDTMshort	+0.0100%	8h	9.1160	−0.002%	$13.7M	$12.9M	75x
Bitget UNIUSDT	+0.0100%	8h	9.1100	−0.068%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1130	−0.035%	—	$56.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1098	−0.070%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1128	−0.037%	$4.2M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1033	−0.141%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1490	+0.360%	$643K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1090	−0.079%	$89K	$699K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1090	−0.079%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	9.1162	long leg	$87K	$410K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1180	+0.020%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1204	+0.046%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1120	−0.046%	$22K	$722K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1180	+0.020%	$721K	$4.2M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1140	−0.024%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1042	−0.132%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1094	−0.075%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1190	+0.031%	$32K	—	3x	as long as short
Hyperliquid UNI	+0.0189%	1h	9.1279	+0.128%	$99.6M	$61.1M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0203%	1h	9.1201	+0.043%	$592K	$188K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0312%	1h	9.1170	+0.009%	$1.1M	$4.7M	50x	as long as short
Reya UNIRUSDPERP	+0.0369%	1h	9.1091	−0.078%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.1142	−0.022%	$649K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0421%	1h	9.1183	+0.023%	$5.1M	$6.9M	50x	as long as short
Lighter UNI	+0.0504%	1h	9.1315	+0.168%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0935%	1h	9.1124	−0.042%	$1K	$48K	10x	as long as short