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Funding arb · Price arb /

UNI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 10:00 UTC−0.0404%/8h= −44.2% APRnext payment −$0.51 per $10,000 · paid last 24h −0.005%
Price spread now: Polymarket Perps against Deribit+0.032%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Long on DeribitShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−0.814%−$81 · spread now +0.032%, 7d avg −0.038%
Together, before fees−0.800%−$80 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.070% dearer against Deribit than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.038%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit UNI_USDC-PERPETUAL8.91320get 0.0000% / 1h59m 00s$590K$247K50x
ShortPolymarket Perps UNI-USD8.9161−0.0404pay 0.0051% / 1h59m 00s$102K$608K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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
−$84.86
Price spread: +0.032% → −0.038%
$7.02
Slippage, 4 orders
−$42.83
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$135.66
Costs to cover
0.578%
Break-even
never at this rate
Slippage from Deribit: live order book, 35 min ago; Polymarket Perps: live order book, 19 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 Deribit live order book, 35 min ago7.47 bp14.4 bp −$1423.4 bp −$234doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 19 min ago9.50 bp16.4 bp −$1621.0 bp −$210doesn'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-USDshort−0.0404%1h8.9161+0.032%$102K$608K10x
SoDEX UNI-USD−0.0030%1h8.9090−0.047%$32K$852K10xas long as short
Deribit UNI_USDC-PERPETUALlong0.0000%1h8.9132long leg$590K$247K50x
gTrade (Gains Network) UNI/USDL +0.0004% / S −0.0005%1h8.9365+0.261%$77K—150xas long as short
Injective UNI/USDC PERP+0.0033%1h8.8300−0.934%$660$152K12xas long as short
Lighter UNI+0.0096%1h8.9198+0.074%$4.4M$4.9M15xas long as short
Paradex UNI-USD-PERP+0.0100%8h8.9240+0.121%$25K—20xas long as short
Nado UNI-PERP+0.0100%1h8.9075−0.064%$714K$4.4M10xas long as short
Hyperliquid UNI+0.0100%1h8.9231+0.111%$95.3M$67.5M10xas long as short
Aster UNIUSDT+0.0100%8h8.9200+0.076%$736K$3.0M50xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica UNI+0.0100%1h8.9343+0.237%$289K$535K10xas long as short
Binance UNIUSDT+0.0100%8h8.9166+0.038%$215.8M$631.3M75xas long as short
Bybit UNIUSDT+0.0100%8h8.9150+0.020%$98.8M$106.1M75xas long as short
OKX UNI-USDT-SWAP+0.0100%8h8.9140+0.009%$54.3M$253.7M50xas long as short
Arcus UNI-USD+0.0100%1h8.9340+0.233%$322K$678K10xas long as short
Gate UNI_USDT+0.0100%8h8.9110−0.025%$26.9M$56.0M75xas long as short
MEXC UNI_USDT+0.0100%8h8.9150+0.020%$46.7M$25.0M200xas long as short
KuCoin UNIUSDTM+0.0100%8h8.9160+0.031%$13.2M$12.5M75xas long as short
Bitget UNIUSDT+0.0100%8h8.9120−0.014%$33.0M$45.7M75xas long as short
BingX UNI-USDC+0.0100%8h8.9120−0.014%—$6.5M—as long as short
Backpack UNI_USDC_PERP+0.0100%1h8.9155+0.026%$1.1M$2.4M10xas long as short
Variational Omni UNI+0.0100%8h8.9368+0.265%$4.2M$3.9M—as long as short
edgeX UNIUSDC+0.0100%4h8.9463+0.371%$169K$348K20xas long as short
GRVT UNI_USDT_Perp+0.0100%8h8.9438+0.343%$625K$2.5M10xas long as short
ApeX Omni UNIUSDT+0.0100%1h8.9500+0.413%$90K$706K50xas long as short
StandX UNI-USD+0.0100%1h8.9370+0.267%$33K$3.5M20xas long as short
Orderly PERP_UNI_USDC+0.0100%8h8.9070−0.070%$16K$2.5M10xas long as short
SunX UNI-USDT+0.0100%8h8.9167+0.039%$36K$1.3M30xas long as short
HTX UNI-USDT+0.0100%8h8.9171+0.044%$705K$4.4M75xas long as short
Phemex UNIUSDT+0.0100%8h8.9130−0.002%$26.9M$4.4M50xas long as short
Extended UNI-USD+0.0104%1h8.9090−0.047%$300K$1.8M25xas long as short
Aevo UNI-PERP+0.0104%1h8.9105−0.030%$32K—3xas long as short
Kraken Futures PF_UNIUSD+0.0141%1h8.9123−0.010%$4.7M$8.4M50xas long as short
01 Exchange UNIUSD+0.0184%1h8.9267+0.151%$471$3110xas long as short
BloFin UNI-USDT+0.0220%8h8.9110−0.025%$10.1M$3.6M75xas long as short
Coinbase International UNI-PERP-INTX+0.0248%1h8.9160+0.031%$922K$5.1M50xas long as short
GMX UNI/USD [UNI-USDC]L +0.0381% / S −0.0244%1h8.9461+0.369%$636K—120xas long as short
Reya UNIRUSDPERP+0.0384%1h8.9073−0.067%$16K—20xas long as short
dYdX UNI-USD+0.0387%1h8.9152+0.022%$233K$32K10xas long as short
Aftermath Perps UNIUSD+0.0561%1h8.9599+0.524%$1K$51K10xas long as short