Funding you earn now, next payment 06:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.05 per $10,000 · paid last 24h +0.055%
Price spread now: Hyperliquid against Polymarket Perps+0.455%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs+$9as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)−0.750%−$75 · spread now +0.455%, 7d avg +0.063%
=Together, before fees−0.497%+ Points / potential airdropHyperliquid: Season 2 · farm board−$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.392% dearer against Polymarket Perps than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps UNI-USD | 8.9188 | 0.0092 | pay 0.0011% / 1h | 19m 57s | $111K | $535K | 10x |
| Short | Hyperliquid UNI | 8.9594 | 0.0135 | get 0.0017% / 1h | 19m 57s | $95.3M | $66.0M | 10x |
Polymarket Perps UNI-USD
Hyperliquid UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.17
- Price spread: +0.455% → +0.063%
- $39.2
- Slippage, 4 orders
- −$12.96
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.41
- Costs to cover
- 0.300%
- Break-even
- from the start
Slippage from Polymarket Perps: live order book, 28 min ago; Hyperliquid: live order book, 4 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, 28 min ago | 3.32 bp | 7.6 bp −$8 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.68 bp | 8.2 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado UNI-PERP | −0.0065% | 1h | 8.9215 | +0.030% | $822K | $4.6M | 10x | as long as short |
| Kraken Futures PF_UNIUSD | −0.0017% | 1h | 8.9398 | +0.235% | $4.8M | $8.5M | 50x | as long as short |
| 01 Exchange UNIUSD | −0.0016% | 1h | 8.9246 | +0.065% | $445 | $5 | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.9367 | +0.200% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.996% | $660 | $153K | 12x | as long as short |
| Polymarket Perps UNI-USDlong | +0.0092% | 1h | 8.9188 | long leg | $111K | $535K | 10x | |
| Lighter UNI | +0.0096% | 1h | 8.9487 | +0.335% | $4.5M | $5.6M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9123 | −0.073% | $25K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9554 | +0.411% | $745K | $3.6M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9077 | −0.124% | $286K | $616K | 10x | as long as short |
Nado UNI-PERP
Kraken Futures PF_UNIUSD
01 Exchange UNIUSD
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Lighter UNI
Paradex UNI-USD-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9556 | +0.412% | $218.7M | $660.7M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9550 | +0.406% | $100.2M | $112.0M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9550 | +0.406% | $54.7M | $266.4M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9290 | +0.114% | $318K | $700K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9500 | +0.350% | $24.4M | $65.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9460 | +0.305% | $49.3M | $27.0M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9500 | +0.350% | $13.0M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9510 | +0.361% | $32.8M | $45.8M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9480 | +0.327% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9578 | +0.437% | $1.1M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.8719 | −0.525% | $4.1M | $4.2M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8443 | −0.835% | $167K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.8591 | −0.670% | $619K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8460 | −0.816% | $89K | $708K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8880 | −0.345% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9350 | +0.182% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9388 | +0.224% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9358 | +0.191% | $32K | $865K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9500 | +0.350% | $719K | $5.0M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9420 | +0.260% | $27.0M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9305 | +0.131% | $300K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9304 | +0.130% | $32K | — | 3x | as long as short |
| Hyperliquid UNIshort | +0.0135% | 1h | 8.9594 | +0.455% | $95.3M | $66.0M | 10x | |
| Coinbase International UNI-PERP-INTX | +0.0184% | 1h | 8.9230 | +0.047% | $941K | $5.7M | 50x | as long as short |
| dYdX UNI-USD | +0.0188% | 1h | 8.9036 | −0.170% | $234K | $31K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8750 | −0.491% | $10.1M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0377% | 1h | 8.9247 | +0.066% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0243% | 1h | 8.9359 | +0.192% | $634K | — | 120x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0496% | 1h | 8.9438 | +0.280% | $572K | $203K | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0644% | 1h | 8.8693 | −0.555% | $1K | $45K | 10x | as long as short |
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
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
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
BloFin UNI-USDT
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Deribit UNI_USDC-PERPETUAL
Aftermath Perps UNIUSD