Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Phemex against Polymarket Perps−0.199%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.199%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.212% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps UNI-USD | 9.1452 | 0.0100 | pay 0.0013% / 1h | 3m 59s | $85K | $390K | 10x |
| Short | Phemex UNIUSDT | 9.1270 | 0.0100 | get 0.0100% / 8h | 7h 03m | $27.5M | $4.5M | 50x |
Polymarket Perps UNI-USD
Phemex UNIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.199% → +0.013%
- −$21.24
- Slippage, 4 orders
- −$22.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$63.74
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Phemex: 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, 3 min ago | 2.46 bp | 7.3 bp −$7 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.28 bp | 13.5 bp −$14 | 21.9 bp −$219 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 9.1389 | −0.069% | $23K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −3.447% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0096% | 1h | 9.1409 | −0.047% | $456 | — | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1390 | −0.068% | $978K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1280 | −0.188% | $1.0M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1400 | −0.057% | $303K | $586K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1100 | −0.385% | $231.3M | $600.9M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1080 | −0.407% | $102.5M | $107.1M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1060 | −0.429% | $56.4M | $254.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.1470 | +0.020% | $282K | $618K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.1150 | −0.330% | $23.3M | $60.7M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1200 | −0.276% | $50.9M | $25.3M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1190 | −0.286% | $13.7M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1160 | −0.319% | $33.5M | $42.7M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.1080 | −0.407% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.1262 | −0.208% | $1.0M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.0908 | −0.595% | $4.1M | $4.4M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1361 | −0.100% | $172K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1560 | +0.118% | $638K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1520 | +0.074% | $89K | $708K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1000 | −0.494% | $56K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USDlong | +0.0100% | 1h | 9.1452 | long leg | $85K | $390K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1370 | −0.090% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1427 | −0.027% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1290 | −0.177% | $22K | $709K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1480 | +0.031% | $724K | $4.4M | 75x | as long as short |
| Phemex UNIUSDTshort | +0.0100% | 8h | 9.1270 | −0.199% | $27.5M | $4.5M | 50x | |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1376 | −0.083% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1155 | −0.324% | $305K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1334 | −0.129% | $32K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0152% | 1h | 9.1386 | −0.073% | $591K | $186K | 50x | as long as short |
| dYdX UNI-USD | +0.0193% | 1h | 9.1400 | −0.057% | $245K | $24K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.0960 | −0.538% | $10.5M | $3.6M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0272% | 1h | 9.1520 | +0.074% | $1.1M | $4.8M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0367% | 1h | 9.1327 | −0.137% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0323% | 1h | 9.1369 | −0.091% | $578K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0384% | 1h | 9.1363 | −0.097% | $5.1M | $7.0M | 50x | as long as short |
| Hyperliquid UNI | +0.0527% | 1h | 9.1322 | −0.142% | $100.5M | $58.5M | 10x | as long as short |
| Lighter UNI | +0.0952% | 1h | 9.1431 | −0.023% | $4.7M | $5.4M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.1037% | 1h | 9.1471 | +0.021% | $953 | $49K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
dYdX UNI-USD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD