Funding you earn now, next payment 05:00 UTC−0.0330%/8h= −36.1% APRpaid last 24h −0.052%
Price spread now: Polymarket Perps against OKX−0.067%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now −0.067%, 7d avg −0.095%
=The price spread pays, funding is against you. Polymarket Perps is 0.028% dearer against OKX than usual: you sell high and buy low (spread −0.067% now, against its 7-day average of −0.095%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.049% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% 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 | OKX ORCL-USDT-SWAP | 149.67 | 0.0380 | pay 0.0380% / 8h | 3h 26m | $5.0M | $5.8M | 20x |
| Short | Polymarket Perps ORCL-USD | 149.57 | 0.0050 | get 0.0006% / 1h | 26m 06s | $131K | $91K | 10x |
OKX ORCL-USDT-SWAP
Polymarket Perps ORCL-USDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$69.28
- Price spread: −0.067% → −0.095%
- $2.8
- Slippage, 4 orders
- −$20.1
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$104.59
- Costs to cover
- 0.381%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 26 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, 2 min ago | 1.00 bp | 12.0 bp −$12 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 26 min ago | 1.67 bp | 10.0 bp −$10 | 10.3 bp −$103 | 17.0 bp −$1,699 | doesn't fit |
ORCL on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ORCLUSDC | −0.0300% | 4h | 149.73 | +0.041% | $28K | $213K | 10x | as long as short |
| Aster ORCLUSDT | 0.0000% | 8h | 149.80 | +0.086% | $94K | $16K | 20x | as long as short |
| Bitget ORCLUSDT | 0.0000% | 8h | 149.72 | +0.033% | $7.7M | $3.8M | 20x | as long as short |
| SunX ORCL-USDT | 0.0000% | 8h | 149.85 | +0.120% | $2K | $2.7M | 10x | as long as short |
| HTX ORCL-USDT | 0.0000% | 8h | 149.74 | +0.047% | $52K | $24K | 20x | as long as short |
| Lighter ORCL | +0.0032% | 1h | 149.64 | −0.020% | $474K | $51K | 10x | as long as short |
| Lighter RH ORCL | +0.0032% | 1h | 149.63 | −0.027% | $624K | $317K | 10x | as long as short |
| Injective ORCL/USDC PERP | +0.0033% | 1h | 149.06 | −0.408% | $20K | $12K | 12x | as long as short |
| Arcus ORCL-USD | +0.0040% | 1h | 149.60 | −0.047% | $87K | $79K | 10x | as long as short |
| Vest ORCL-USD-PERP | +0.0046% | 1h | 149.74 | +0.047% | — | $67K | 25x | as long as short |
edgeX ORCLUSDC
Aster ORCLUSDT
Bitget ORCLUSDT
SunX ORCL-USDT
HTX ORCL-USDT
Lighter ORCL
Lighter RH ORCL
Injective ORCL/USDC PERP
Arcus ORCL-USD
Vest ORCL-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ORCL | +0.0050% | 1h | 149.58 | −0.060% | $21.7M | $6.8M | 10x | as long as short |
| Polymarket Perps ORCL-USDshort | +0.0050% | 1h | 149.57 | −0.067% | $131K | $91K | 10x | |
| SoDEX ORCL-USD | +0.0050% | 1h | 149.63 | −0.027% | $30K | $3K | 10x | as long as short |
| Ondo Perps ORCL-USD.P | +0.0050% | 1h | 149.47 | −0.134% | $705K | $725K | 10x | as long as short |
| Nado ORCL-PERP | +0.0052% | 1h | 149.54 | −0.085% | $88K | $22K | 10x | as long as short |
| QFEX ORCL-USD | +0.0067% | 1h | 149.62 | −0.033% | $1.1M | $2.1M | 10x | as long as short |
| ApeX Omni ORACLEUSDT | +0.0100% | 1h | 149.66 | −0.007% | $22K | $263K | 50x | as long as short |
| Orderly PERP_ORCL_USDC_mythos | +0.0100% | 8h | 149.60 | −0.047% | $190 | — | 10x | as long as short |
| GRVT ORCL_USDT_Perp | +0.0215% | 8h | 149.78 | +0.072% | $2K | $177K | 10x | as long as short |
| Variational Omni ORCL | +0.0242% | 8h | 149.72 | +0.036% | $1.3M | $363K | — | as long as short |
| Gate ORCL_USDT | +0.0308% | 8h | 149.69 | +0.013% | $2.3M | $3.0M | 25x | as long as short |
| Binance ORCLUSDT | +0.0327% | 8h | 149.63 | −0.027% | $25.1M | $35.5M | 20x | as long as short |
| Extended ORCL_24_5-USD | +0.0328% | 1h | 149.59 | −0.056% | $388K | $1.3M | 10x | as long as short |
| KuCoin ORCLUSDTM | +0.0360% | 8h | 149.74 | +0.047% | $262K | $277K | 20x | as long as short |
| OKX ORCL-USDT-SWAPlong | +0.0380% | 8h | 149.67 | long leg | $5.0M | $5.8M | 20x | |
| Phoenix ORCL | +0.0535% | 1h | 149.65 | −0.013% | $153K | $75K | 10x | as long as short |
| Bybit ORCLUSDT | +0.0712% | 8h | 149.70 | +0.020% | $4.1M | $1.8M | 50x | as long as short |
| BloFin ORCL-USDT | +0.0746% | 8h | 149.89 | +0.147% | $47K | $43K | 20x | as long as short |
tradeXYZ xyz:ORCL
SoDEX ORCL-USD
Ondo Perps ORCL-USD.P
Nado ORCL-PERP
QFEX ORCL-USD
ApeX Omni ORACLEUSDT
Orderly PERP_ORCL_USDC_mythos
GRVT ORCL_USDT_Perp
Variational Omni ORCL
Gate ORCL_USDT
Binance ORCLUSDT
Extended ORCL_24_5-USD
KuCoin ORCLUSDTM
Phoenix ORCL
Bybit ORCLUSDT
BloFin ORCL-USDT