Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against MEXC−0.011%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.402%+$40 · spread now −0.011%, 7d avg +0.032%

Together, before fees+0.388%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.043% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC UNI_USDT	8.8560	0.0100	pay 0.0100% / 8h	1h 01m	$48.4M	$26.7M	200x
Short	Polymarket Perps UNI-USD	8.8550	−0.0074	pay 0.0009% / 1h	1m 22s	$106K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$36.59
Price spread: −0.011% → +0.032%: −$4.3
Slippage, 4 orders: −$7.06
Fee MEXC: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$59.94
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Polymarket Perps: live order book, 41 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 MEXC live order book, 3 min ago	0.56 bp	3.0 bp −$3	6.1 bp −$61	16.9 bp −$1,690	146.8 bp −$73.4K
Sell Polymarket Perps live order book, 41 min ago	1.80 bp	5.8 bp −$6	5.8 bp −$58	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
Polymarket Perps UNI-USDshort	−0.0074%	1h	8.8550	−0.011%	$106K	$619K	10x
01 Exchange UNIUSD	−0.0032%	1h	8.8570	+0.011%	$442	$5	10x	as long as short
Kraken Futures PF_UNIUSD	−0.0017%	1h	8.8644	+0.095%	$4.7M	$8.6M	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8618	+0.065%	$49K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.294%	$660	$153K	12x	as long as short
Nado UNI-PERP	+0.0035%	1h	8.8595	+0.040%	$736K	$4.7M	10x	as long as short
Lighter UNI	+0.0096%	1h	8.8700	+0.158%	$4.4M	$5.7M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8553	−0.008%	$25K	—	20x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8618	+0.065%	$726K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8600	+0.045%	$283K	$590K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance UNIUSDT	+0.0100%	8h	8.8580	+0.023%	$214.0M	$657.2M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8550	−0.011%	$98.1M	$111.4M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8580	+0.023%	$53.9M	$263.9M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8640	+0.090%	$316K	$695K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8590	+0.034%	$25.2M	$66.9M	75x	as long as short
MEXC UNI_USDTlong	+0.0100%	8h	8.8560	long leg	$48.4M	$26.7M	200x
KuCoin UNIUSDTM	+0.0100%	8h	8.8600	+0.045%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8540	−0.023%	$32.4M	$45.4M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8560	0.000%	—	$57.1M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8676	+0.131%	$1.1M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8829	+0.304%	$4.1M	$4.3M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8584	+0.027%	$168K	$347K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8580	+0.023%	$620K	$2.7M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8750	+0.215%	$89K	$709K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8650	+0.102%	$15K	$3.4M	20x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8610	+0.056%	$16K	$2.0M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8684	+0.140%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8587	+0.030%	$32K	$887K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8647	+0.098%	$694K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8620	+0.068%	$26.7M	$4.5M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8505	−0.062%	$289K	$1.7M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8580	+0.023%	$31K	—	3x	as long as short
Hyperliquid UNI	+0.0153%	1h	8.8684	+0.140%	$94.3M	$67.6M	10x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0178%	1h	8.8664	+0.117%	$584K	$250K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0192%	1h	8.8650	+0.102%	$923K	$5.4M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8600	+0.045%	$10.0M	$3.6M	75x	as long as short
dYdX UNI-USD	+0.0379%	1h	8.8635	+0.085%	$233K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0379%	1h	8.8542	−0.020%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0243%	1h	8.8626	+0.074%	$630K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0509%	1h	8.8727	+0.188%	$947	$53K	10x	as long as short