Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against SoDEX+0.154%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on SoDEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.275%−$27 · spread now +0.154%, 7d avg +0.020%

Together, before fees−0.276%−$28 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: Polymarket Perps is 0.134% dearer against SoDEX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX UNI-USD	9.0314	0.0100	pay 0.0013% / 1h	0m 45s	$22K	$713K	10x
Short	Polymarket Perps UNI-USD	9.0453	0.0100	get 0.0013% / 1h	0m 45s	$87K	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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 SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.020%: $13.37
Slippage, 4 orders: −$17.22
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.85
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from SoDEX: live order book, 8 min ago; Polymarket Perps: live order book, 7 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 SoDEX live order book, 8 min ago	0.55 bp	9.1 bp −$9	26.7 bp −$267	133.3 bp −$13.3K	doesn't fit
Sell Polymarket Perps live order book, 7 min ago	2.46 bp	7.1 bp −$7	8.6 bp −$86	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
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	9.0386	+0.080%	$584K	$186K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0369	+0.061%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.230%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.0448	+0.148%	$451	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0435	+0.134%	$963K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0480	+0.184%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0522	+0.230%	$300K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0500	+0.206%	$229.1M	$602.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0460	+0.162%	$101.8M	$107.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0490	+0.195%	$56.1M	$253.9M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus UNI-USD	+0.0100%	1h	9.0590	+0.306%	$279K	$618K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0500	+0.206%	$23.1M	$60.9M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0480	+0.184%	$50.4M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0550	+0.261%	$13.5M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0550	+0.261%	$33.2M	$42.8M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0490	+0.195%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0372	+0.064%	$990K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0329	+0.017%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1109	+0.880%	$172K	$346K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1234	+1.018%	$639K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1120	+0.892%	$89K	$706K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0670	+0.394%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.0453	+0.154%	$87K	$401K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0370	+0.062%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.0387	+0.081%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USDlong	+0.0100%	1h	9.0314	long leg	$22K	$713K	10x
HTX UNI-USDT	+0.0100%	8h	9.0580	+0.295%	$719K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0440	+0.140%	$27.3M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0460	+0.161%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0431	+0.130%	$304K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0341	+0.029%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0203%	1h	9.0533	+0.242%	$243K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0450	+0.151%	$10.5M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0500	+0.206%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.0335	+0.023%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0355	+0.045%	$644K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0389%	1h	9.0380	+0.073%	$5.0M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0510%	1h	9.0610	+0.328%	$99.4M	$58.8M	10x	as long as short
Lighter UNI	+0.0928%	1h	9.0717	+0.446%	$4.7M	$5.5M	15x	as long as short
Aftermath Perps UNIUSD	+0.1067%	1h	9.1143	+0.918%	$982	$49K	10x	as long as short