Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.004%

Price spread now: OKX against Polymarket Perps−0.035%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Polymarket Perps Short on OKX

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+0.025%+$3 · spread now −0.035%, 7d avg −0.005%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.005%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.323% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2284	−0.0179	get 0.0022% / 1h	53m 26s	$78K	$2.0M	10x
Short	OKX ARB-USDT-SWAP	0.2283	−0.0103	pay 0.0103% / 8h	53m 26s	$23.0M	$161.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $16
Price spread: −0.035% → −0.005%: −$3.02
Slippage, 4 orders: −$13.89
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.9
Costs to cover: 0.319%
Break-even: 15.3 days

Slippage from Polymarket Perps: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago	3.09 bp	7.1 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.22 bp	7.5 bp −$7	22.3 bp −$223	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	0.2257	−1.182%	$41K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0192%	1h	0.2281	−0.153%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0179%	8h	0.2263	−0.917%	$1.9M	$2.7M	—	as long as short
Polymarket Perps ARB-USDlong	−0.0179%	1h	0.2284	long leg	$78K	$2.0M	10x
Bybit ARBUSDT	−0.0161%	8h	0.2285	+0.039%	$59.2M	$129.4M	50x	as long as short
SoDEX ARB-USD	−0.0114%	1h	0.2270	−0.595%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAPshort	−0.0103%	8h	0.2283	−0.035%	$23.0M	$161.2M	50x
MEXC ARB_USDT	−0.0102%	8h	0.2283	−0.026%	$37.9M	$59.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2269	−0.657%	$12K	$397K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2284	−0.014%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	0.0000%	1h	0.2283	−0.061%	$363K	$2.3M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2271	−0.547%	$26K	$32K	25x	as long as short
BloFin ARB-USDT	+0.0002%	8h	0.2270	−0.622%	$3.1M	$3.3M	75x	as long as short
Binance ARBUSDT	+0.0002%	8h	0.2284	−0.006%	$65.9M	$313.0M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2287	+0.113%	$57K	—	150x	as long as short
Gate ARB_USDT	+0.0031%	8h	0.2283	−0.066%	$5.5M	$20.0M	60x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2282	−0.083%	—	$53.3M	—	as long as short
Bitget ARBUSDT	+0.0067%	8h	0.2283	−0.044%	$21.6M	$36.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2272	−0.538%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2273	−0.482%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2288	+0.158%	$41.4M	$47.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2282	−0.103%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2282	−0.072%	$47K	$193K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2285	+0.039%	$20.2M	$16.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2269	−0.655%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2270	−0.613%	$493K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2265	−0.832%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2273	−0.482%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2270	−0.595%	$284K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2270	−0.613%	$5.2M	$13.2M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2271	−0.569%	$512K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2271	−0.558%	$1.2M	$4.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2271	−0.580%	$850K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2283	−0.038%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2285	+0.051%	$507K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0501%	1h	0.2276	−0.372%	$895K	$2.8M	20x	as long as short