Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Gate against Polymarket Perps+0.049%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.681%−$68 · spread now +0.049%, 7d avg −0.050%

Together, before fees−0.709%−$71 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.098% dearer against Polymarket Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps UNI-USD	8.8317	0.0100	pay 0.0013% / 1h	1m 42s	$92K	$475K	10x
Short	Gate UNI_USDT	8.8360	0.0100	get 0.0100% / 8h	3h 01m	$23.3M	$65.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.050%: $9.83
Slippage, 4 orders: −$19.34
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.51
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 51 min ago; Gate: 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 Polymarket Perps live order book, 51 min ago	3.16 bp	7.3 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.56 bp	15.5 bp −$16	23.0 bp −$230	37.9 bp −$3,790	59.5 bp −$29.8K

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
01 Exchange UNIUSD	−0.0016%	1h	8.8276	−0.046%	$440	$5	10x	as long as short
Deribit UNI_USDC-PERPETUAL	0.0000%	1h	8.8324	+0.008%	$566K	$208K	50x	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0007%	1h	8.8321	+0.004%	$48K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.019%	$660	$154K	12x	as long as short
Lighter UNI	+0.0096%	1h	8.8574	+0.291%	$4.5M	$5.9M	15x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.8456	+0.158%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8220	−0.110%	$872K	$4.6M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	8.8478	+0.182%	$93.5M	$65.3M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.8450	+0.150%	$764K	$3.6M	50x	as long as short
Pacifica UNI	+0.0100%	1h	8.8474	+0.177%	$285K	$611K	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	8.8479	+0.184%	$215.9M	$653.4M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	8.8460	+0.162%	$98.9M	$112.3M	75x	as long as short
OKX UNI-USDT-SWAP	+0.0100%	8h	8.8490	+0.196%	$53.7M	$260.7M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	8.8380	+0.071%	$328K	$684K	10x	as long as short
Gate UNI_USDTshort	+0.0100%	8h	8.8360	+0.049%	$23.3M	$65.6M	75x
MEXC UNI_USDT	+0.0100%	8h	8.8460	+0.162%	$46.7M	$26.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.8470	+0.173%	$13.0M	$13.4M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.8390	+0.083%	$32.6M	$46.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	8.8340	+0.026%	—	$56.9M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.8330	+0.015%	$1.0M	$2.4M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	8.8909	+0.671%	$4.1M	$4.2M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8875	+0.632%	$168K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8614	+0.336%	$615K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8740	+0.479%	$91K	$702K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.8790	+0.536%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USDlong	+0.0100%	1h	8.8317	long leg	$92K	$475K	10x
Orderly PERP_UNI_USDC	+0.0100%	8h	8.8270	−0.053%	$16K	$1.5M	10x	as long as short
SunX UNI-USDT	+0.0100%	8h	8.8323	+0.007%	$36K	$1.4M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.8283	−0.038%	$31K	$819K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.8424	+0.121%	$710K	$5.0M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.8300	−0.019%	$26.7M	$4.3M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8297	−0.023%	$283K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.8295	−0.025%	$31K	—	3x	as long as short
dYdX UNI-USD	+0.0204%	1h	8.8504	+0.212%	$233K	$31K	10x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	8.8350	+0.037%	$917K	$5.7M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.8360	+0.049%	$10.0M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0275%	1h	8.8324	+0.008%	$4.8M	$8.3M	50x	as long as short
Reya UNIRUSDPERP	+0.0375%	1h	8.8302	−0.017%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	8.8317	0.000%	$628K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0674%	1h	8.8717	+0.453%	$1K	$45K	10x	as long as short