Funding you earn now, next payment 02:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h −0.030%
Price spread now: Polymarket Perps against Coinbase International−0.194%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.194%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.186% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International UNI-PERP-INTX | 9.1880 | 0.0296 | pay 0.0037% / 1h | 59m 12s | $1.1M | $4.7M | 50x |
| Short | Polymarket Perps UNI-USD | 9.1702 | 0.0100 | get 0.0013% / 1h | 59m 12s | $90K | $409K | 10x |
Coinbase International UNI-PERP-INTX
Polymarket Perps UNI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$41.16
- Price spread: −0.194% → −0.008%
- −$18.62
- Slippage, 4 orders
- −$28.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$105.95
- Costs to cover
- 0.462%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 3 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 Coinbase International live order book, 5 min ago | 4.90 bp | 19.9 bp −$20 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.40 bp | 8.8 bp −$9 | 15.2 bp −$152 | doesn't fit | 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 −0.0007% | 1h | 9.1629 | −0.273% | $26K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −3.896% | $660 | $154K | 12x | as long as short |
| dYdX UNI-USD | +0.0074% | 1h | 9.1794 | −0.093% | $242K | $30K | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1650 | −0.250% | $964K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1704 | −0.191% | $1.1M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1800 | −0.087% | $300K | $564K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1730 | −0.163% | $230.2M | $607.2M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1680 | −0.218% | $103.0M | $107.2M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1660 | −0.239% | $56.7M | $254.9M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.1910 | +0.033% | $291K | $619K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
dYdX UNI-USD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.1700 | −0.196% | $23.5M | $58.4M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1730 | −0.163% | $49.8M | $24.9M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1700 | −0.196% | $13.8M | $12.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1660 | −0.239% | $33.6M | $42.2M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 9.1670 | −0.229% | — | $56.8M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.1713 | −0.182% | $1.0M | $2.2M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.1879 | −0.001% | $4.2M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1882 | +0.002% | $173K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1739 | −0.154% | $638K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1940 | +0.065% | $90K | $698K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1860 | −0.022% | $57K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USDshort | +0.0100% | 1h | 9.1702 | −0.194% | $90K | $409K | 10x | |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1670 | −0.229% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1698 | −0.198% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1680 | −0.218% | $22K | $727K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1808 | −0.078% | $729K | $4.2M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1730 | −0.163% | $27.7M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1704 | −0.192% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1623 | −0.279% | $304K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1688 | −0.209% | $33K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0181% | 1h | 9.1694 | −0.202% | $595K | $188K | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0192% | 1h | 9.1772 | −0.118% | $458 | $5 | 10x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0268% | 1h | 9.1707 | −0.188% | $5.1M | $6.9M | 50x | as long as short |
| Coinbase International UNI-PERP-INTXlong | +0.0296% | 1h | 9.1880 | long leg | $1.1M | $4.7M | 50x | |
| Reya UNIRUSDPERP | +0.0369% | 1h | 9.1626 | −0.276% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0244% | 1h | 9.1622 | −0.281% | $652K | — | 120x | as long as short |
| Hyperliquid UNI | +0.0543% | 1h | 9.1825 | −0.060% | $99.9M | $59.2M | 10x | as long as short |
| Lighter UNI | +0.0592% | 1h | 9.1880 | 0.000% | $4.8M | $5.5M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.0917% | 1h | 9.1694 | −0.202% | $1K | $47K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
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
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
01 Exchange UNIUSD
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Hyperliquid UNI
Lighter UNI
Aftermath Perps UNIUSD