Funding you earn now, next payment 02:00 UTC+0.0918%/8h= +100.5% APRpaid last 24h −0.054%
Price spread now: OKX against Polymarket Perps+0.054%47s7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1791.793% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.054%, 7d avg +0.093%
=Funding pays, the price is against you. OKX is 0.039% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.093%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$28 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps KIOXIA-USD | 371.24 | −0.0918 | get 0.0115% / 1h | 40m 40s | $7K | $233K | 10x |
| Short | OKX KIOXIA-USDT-SWAP | 371.44 | 0 | get 0.0000% / 8h | 6h 40m | $427K | $422K | 10x |
Polymarket Perps KIOXIA-USD
OKX KIOXIA-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $192.7
- Price spread: +0.054% → +0.093%
- −$3.93
- Slippage, 4 orders
- −$161.33
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $9.44
- Costs to cover
- 1.793%
- Break-even
- 6.7 days
Slippage from Polymarket Perps: live order book, 26 min ago; OKX: live order book, 25 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, 26 min ago | 0.81 bp | 16.0 bp −$16 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell OKX live order book, 25 min ago | 4.17 bp | 50.6 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
KIOXIA on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended KIOXIA-USD | −0.1304% | 1h | 371.42 | +0.047% | $5K | — | 10x | as long as short |
| tradeXYZ xyz:KIOXIA | −0.1296% | 1h | 371.41 | +0.046% | $10.5M | $3.1M | 10x | as long as short |
| Polymarket Perps KIOXIA-USDlong | −0.0918% | 1h | 371.24 | long leg | $7K | $233K | 10x | |
| KuCoin KIOXIAUSDTM | −0.0042% | 8h | 371.07 | −0.046% | $42K | $122K | 20x | as long as short |
| OKX KIOXIA-USDT-SWAPshort | 0.0000% | 8h | 371.44 | +0.054% | $427K | $422K | 10x | |
| Gate KIOXIA_USDT | 0.0000% | 8h | 370.82 | −0.113% | $74K | $20K | 20x | as long as short |
| Bitget KIOXIAUSDT | 0.0000% | 8h | 370.41 | −0.224% | $2.2M | $1.5M | 20x | as long as short |
| Lighter KIOXIA | +0.0032% | 1h | 342.91 | −7.631% | — | — | 10x | as long as short |
| HTX KIOXIA-USDT | +0.0100% | 1h | 371.38 | +0.038% | $7K | $42K | 10x | as long as short |
Extended KIOXIA-USD
tradeXYZ xyz:KIOXIA
KuCoin KIOXIAUSDTM
Gate KIOXIA_USDT
Bitget KIOXIAUSDT
Lighter KIOXIA
HTX KIOXIA-USDT