UNI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0285%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h −0.027%

Price spread now: Polymarket Perps against Kraken Futures−0.092%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.092%, 7d avg −0.043%

Together, before fees−0.309%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Polymarket Perps is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_UNIUSD	9.1111	0.0385	pay 0.0048% / 1h	5m 15s	$5.1M	$7.0M	50x
Short	Polymarket Perps UNI-USD	9.1028	0.0100	get 0.0013% / 1h	5m 15s	$85K	$389K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$59.94
Price spread: −0.092% → −0.043%: −$4.85
Slippage, 4 orders: −$26.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$109.54
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 2 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 Kraken Futures live order book, 4 min ago	5.48 bp	13.4 bp −$13	18.8 bp −$188	56.3 bp −$5,630	doesn't fit
Sell Polymarket Perps live order book, 2 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
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.1010	−0.111%	$19K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−3.086%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0086%	1h	9.1052	−0.065%	$589K	$186K	50x	as long as short
01 Exchange UNIUSD	+0.0096%	1h	9.1010	−0.111%	$454	—	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0970	−0.155%	$968K	$4.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0997	−0.125%	$1.0M	$2.9M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.1002	−0.120%	$301K	$586K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.1030	−0.089%	$231.1M	$600.5M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0980	−0.144%	$102.4M	$107.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0990	−0.133%	$56.2M	$254.2M	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	9.1050	−0.067%	$281K	$617K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.1010	−0.111%	$23.2M	$60.7M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.1020	−0.100%	$50.8M	$25.3M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.1030	−0.089%	$13.7M	$13.6M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.1010	−0.111%	$33.4M	$42.9M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.1010	−0.111%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0964	−0.162%	$998K	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0908	−0.223%	$4.1M	$4.4M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.1361	+0.274%	$172K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.1560	+0.492%	$638K	$2.6M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1520	+0.448%	$89K	$708K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.1430	+0.350%	$56K	$3.3M	20x	as long as short
Polymarket Perps UNI-USDshort	+0.0100%	1h	9.1028	−0.092%	$85K	$389K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	9.1020	−0.100%	$16K	$1.7M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	9.1078	−0.037%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.1070	−0.045%	$22K	$709K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.1267	+0.171%	$720K	$4.4M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.1130	+0.020%	$27.5M	$4.5M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0913	−0.218%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0975	−0.150%	$305K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.1036	−0.083%	$32K	—	3x	as long as short
dYdX UNI-USD	+0.0197%	1h	9.0983	−0.141%	$244K	$24K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.1460	+0.383%	$10.6M	$3.6M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0272%	1h	9.0940	−0.188%	$1.1M	$4.8M	50x	as long as short
Reya UNIRUSDPERP	+0.0367%	1h	9.1005	−0.117%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0323%	1h	9.1000	−0.122%	$576K	—	120x	as long as short
Kraken Futures PF_UNIUSDlong	+0.0385%	1h	9.1111	long leg	$5.1M	$7.0M	50x
Hyperliquid UNI	+0.0528%	1h	9.1116	+0.005%	$100.3M	$58.5M	10x	as long as short
Lighter UNI	+0.0960%	1h	9.1213	+0.111%	$4.7M	$5.3M	15x	as long as short
Aftermath Perps UNIUSD	+0.1058%	1h	9.1435	+0.356%	$940	$49K	10x	as long as short