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Funding arb · Price arb /

UNI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0226%/8h= +24.7% APRpaid last 24h +0.001%
Price spread now: SunX against Polymarket Perps+0.127%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Long on Polymarket PerpsShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.127%, 7d avg +0.045%
Together, before fees+0.139%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and SunX is 0.082% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps UNI-USD8.9651−0.0126get 0.0016% / 1h45m 36s$118K$585K10x
ShortSunX UNI-USDT8.97650.0100get 0.0100% / 8h1h 45m$37K$1.4M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$47.39
Price spread: +0.127% → +0.045%
$8.21
Slippage, 4 orders
−$34.65
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
$4.95
Costs to cover
0.507%
Break-even
6.3 days
Slippage from Polymarket Perps: live order book, 62 min ago; SunX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 62 min ago3.32 bp7.6 bp −$810.4 bp −$104doesn't fitdoesn't fit
Sell SunX live order book, 9 min ago13.85 bp17.8 bp −$1835.7 bp −$357doesn't fitdoesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps UNI-USDlong−0.0126%1h8.9651long leg$118K$585K10x
Kraken Futures PF_UNIUSD−0.0017%1h8.9711+0.067%$4.7M$8.6M50xas long as short
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0007%1h8.9702+0.057%$49K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−1.507%$660$153K12xas long as short
01 Exchange UNIUSD+0.0064%1h8.9757+0.118%$448$510xas long as short
Lighter UNI+0.0096%1h8.9767+0.129%$4.5M$5.6M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9610−0.046%$26K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9665+0.016%$776K$4.7M10xas long as short
Aster UNIUSDT+0.0100%8h8.9678+0.031%$740K$3.6M50xas long as short
Pacifica UNI+0.0100%1h8.9673+0.025%$287K$593K10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance UNIUSDT+0.0100%8h8.9634−0.019%$216.8M$660.1M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9640−0.012%$99.7M$112.2M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9680+0.032%$54.6M$267.3M50xas long as short
Arcus UNI-USD+0.0100%1h8.9800+0.166%$320K$705K10xas long as short
Gate UNI_USDT+0.0100%8h8.9690+0.044%$25.0M$66.3M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9680+0.032%$49.4M$26.5M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9680+0.032%$13.1M$13.4M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9660+0.010%$33.0M$45.4M75xas long as short
BingX UNI-USDC+0.0100%8h8.9680+0.032%—$6.5M—as long as short
Variational Omni UNI+0.0100%8h8.9649−0.002%$4.1M$4.3M—as long as short
edgeX UNIUSDC+0.0100%4h8.9652+0.002%$170K$347K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9765+0.127%$627K$2.7M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9720+0.077%$90K$710K50xas long as short
StandX UNI-USD+0.0100%1h8.9750+0.110%$15K$3.5M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9690+0.044%$16K$1.8M10xas long as short
SunX UNI-USDTshort+0.0100%8h8.9765+0.127%$37K$1.4M30x
SoDEX UNI-USD+0.0100%1h8.9685+0.038%$32K$887K10xas long as short
HTX UNI-USDT+0.0100%8h8.9766+0.128%$702K$5.0M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9700+0.055%$27.1M$4.5M50xas long as short
Extended UNI-USD+0.0104%1h8.9670+0.021%$299K$1.7M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9685+0.037%$32K—3xas long as short
Deribit UNI_USDC-PERPETUAL+0.0108%1h8.9728+0.086%$591K$249K50xas long as short
dYdX UNI-USD+0.0128%1h8.9674+0.025%$236K$31K10xas long as short
Backpack UNI_USDC_PERP+0.0187%1h8.9754+0.115%$1.1M$2.4M10xas long as short
Coinbase International UNI-PERP-INTX+0.0192%1h8.9780+0.144%$937K$5.6M50xas long as short
BloFin UNI-USDT+0.0220%8h8.9690+0.044%$10.1M$3.7M75xas long as short
Reya UNIRUSDPERP+0.0378%1h8.9673+0.024%$16K—20xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0243%1h8.9695+0.049%$638K—120xas long as short
Aftermath Perps UNIUSD+0.0493%1h8.9789+0.154%$980$54K10xas long as short
Hyperliquid UNI+0.0513%1h8.9772+0.135%$96.7M$66.7M10xas long as short