Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.004%

Price spread now: Polymarket Perps against OKX−0.234%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 7 days+0.292%+$29 · spread now −0.234%, 7d avg +0.007%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.240% cheaper against OKX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ARB-USDT-SWAP	0.2268	−0.0112	get 0.0112% / 8h	4m 52s	$22.9M	$159.4M	50x
Short	Polymarket Perps ARB-USD	0.2262	−0.0230	pay 0.0029% / 1h	4m 52s	$66K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.234%Rate

Funding earned: −$24.83
Price spread: −0.234% → +0.007%: −$24.05
Slippage, 4 orders: −$15.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$82.68
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: 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 OKX live order book, 4 min ago	0.22 bp	9.5 bp −$9	19.6 bp −$196	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.21 bp	7.5 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1785%	1h	0.2249	−0.820%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USDshort	−0.0230%	1h	0.2262	−0.234%	$66K	$2.0M	10x
01 Exchange ARBUSD	−0.0208%	1h	0.2262	−0.247%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0196%	8h	0.2255	−0.545%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0180%	8h	0.2267	−0.044%	$58.4M	$128.0M	50x	as long as short
SoDEX ARB-USD	−0.0174%	1h	0.2263	−0.225%	$4K	$2.6M	5x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2266	−0.093%	$38.4M	$60.2M	200x	as long as short
OKX ARB-USDT-SWAPlong	−0.0112%	8h	0.2268	long leg	$22.9M	$159.4M	50x
Orderly PERP_ARB_USDC	−0.0042%	8h	0.2262	−0.247%	$13K	$394K	10x	as long as short
Gate ARB_USDT	−0.0016%	8h	0.2266	−0.062%	$5.4M	$20.3M	60x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	−0.0003%	8h	0.2267	−0.015%	$66.7M	$313.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2261	−0.306%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2265	−0.108%	$359K	$2.3M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2264	−0.172%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2264	−0.159%	$56K	—	150x	as long as short
Bitget ARBUSDT	+0.0052%	8h	0.2265	−0.115%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDC	+0.0054%	8h	0.2265	−0.137%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2264	−0.173%	$148K	$12K	3x	as long as short
BloFin ARB-USDT	+0.0094%	8h	0.2260	−0.348%	$3.1M	$2.8M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2265	−0.132%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2266	−0.071%	$41.0M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2263	−0.200%	$703K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2262	−0.246%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2266	−0.071%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.268%	$40K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2263	−0.203%	$485K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2261	−0.291%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2265	−0.115%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2260	−0.344%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	−0.203%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2264	−0.159%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2265	−0.131%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2261	−0.270%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0297% / S −0.0186%	1h	0.2264	−0.170%	$926K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2264	−0.142%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0456%	1h	0.2267	−0.031%	$1.0M	$2.8M	20x	as long as short