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% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against Bybit+0.116%47s7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.385% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.329%+$33 · spread now +0.116%, 7d avg +0.106%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit UNIUSDT	9.1140	0.0100	pay 0.0100% / 8h	7h 34m	$102.9M	$107.1M	75x
Short	Polymarket Perps UNI-USD	9.1246	0.0100	get 0.0013% / 1h	34m 34s	$85K	$375K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.106%: $0.99
Slippage, 4 orders: −$19.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.53
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 38 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 Bybit live order book, 4 min ago	0.55 bp	13.4 bp −$13	20.9 bp −$209	43.1 bp −$4,310	doesn't fit
Sell Polymarket Perps live order book, 38 min ago	2.51 bp	6.5 bp −$7	7.3 bp −$73	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 −0.0005%	1h	9.1278	+0.151%	$76K	—	150x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0028%	1h	9.1273	+0.146%	$588K	$178K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.116%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	9.1217	+0.084%	$455	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.1192	+0.058%	$964K	$4.2M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.1157	+0.019%	$1.0M	$3.4M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1197	+0.062%	$306K	$583K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1176	+0.039%	$228.4M	$595.3M	75x	as long as short
Bybit UNIUSDTlong	+0.0100%	8h	9.1140	long leg	$102.9M	$107.1M	75x
OKX UNI-USDT-SWAP	+0.0100%	8h	9.1150	+0.011%	$56.1M	$254.3M	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	9.1270	+0.143%	$271K	$616K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1180	+0.044%	$22.9M	$58.6M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1150	+0.011%	$44.7M	$23.8M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1210	+0.077%	$13.7M	$13.5M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1180	+0.044%	$33.5M	$42.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.1160	+0.022%	—	$53.8M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.1148	+0.009%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.1441	+0.330%	$4.2M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.2036	+0.984%	$173K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1570	+0.472%	$641K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1690	+0.603%	$90K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1680	+0.592%	$37K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.1246	+0.116%	$85K	$375K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1250	+0.121%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1282	+0.156%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1225	+0.093%	$21K	$705K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1300	+0.176%	$725K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1190	+0.055%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.1139	−0.001%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.1157	+0.018%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1257	+0.128%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0145%	1h	9.1143	+0.003%	$251K	$8K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1130	−0.011%	$10.2M	$3.5M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.1320	+0.197%	$1.1M	$5.6M	50x	as long as short
Reya UNIRUSDPERP	+0.0366%	1h	9.1203	+0.069%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0382% / S −0.0323%	1h	9.1258	+0.130%	$578K	—	120x	as long as short
Kraken Futures PF_UNIUSD	+0.0385%	1h	9.1298	+0.174%	$5.1M	$7.0M	50x	as long as short
Hyperliquid UNI	+0.0509%	1h	9.1237	+0.106%	$100.5M	$60.1M	10x	as long as short
Lighter UNI	+0.0856%	1h	9.1315	+0.192%	$4.6M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.0926%	1h	9.1492	+0.387%	$1K	$49K	10x	as long as short