Funding you earn now, next payment 07:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against OKX−0.011%47s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as 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−$350.349% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.011%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.036%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TSM-USDT-SWAP | 439.86 | 0 | get 0.0000% / 8h | 1h 54m | $4.0M | $2.6M | 20x |
| Short | Polymarket Perps TSM-USD | 439.81 | 0.0089 | get 0.0011% / 1h | 54m 47s | $192K | $63K | 10x |
OKX TSM-USDT-SWAP
Polymarket Perps TSM-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
- $18.73
- Price spread: −0.011% → −0.036%
- $2.42
- Slippage, 4 orders
- −$16.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$13.73
- Costs to cover
- 0.349%
- Break-even
- 12.1 days
Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 52 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, 3 min ago | 0.11 bp | 7.6 bp −$8 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 52 min ago | 3.40 bp | 7.4 bp −$7 | 8.1 bp −$81 | 10.1 bp −$1,014 | doesn't fit |
TSM 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TSMUSDT | −0.0177% | 8h | 440.42 | +0.127% | $1.7M | $1.5M | 20x | as long as short |
| Aster TSMUSDT | 0.0000% | 8h | 439.95 | +0.019% | $82K | $2K | 20x | as long as short |
| Bybit TSMUSDT | 0.0000% | 8h | 439.81 | −0.011% | $2.0M | $396K | 50x | as long as short |
| OKX TSM-USDT-SWAPlong | 0.0000% | 8h | 439.86 | long leg | $4.0M | $2.6M | 20x | |
| Gate TSM_USDT | 0.0000% | 8h | 439.86 | 0.000% | $1.7M | $1.1M | 100x | as long as short |
| Variational Omni TSM | 0.0000% | 8h | 440.02 | +0.036% | $557K | $36K | — | as long as short |
| SunX TSM-USDT | 0.0000% | 8h | 440.09 | +0.052% | $1K | $4.2M | 10x | as long as short |
| HTX TSM-USDT | 0.0000% | 8h | 440.30 | +0.100% | $9K | $8K | 20x | as long as short |
| Phemex TSMUSDT | 0.0000% | 8h | 440.67 | +0.184% | $1.5M | $515K | 10x | as long as short |
| Lighter TSM | +0.0032% | 1h | 440.02 | +0.036% | $495K | $137K | 10x | as long as short |
Bitget TSMUSDT
Aster TSMUSDT
Bybit TSMUSDT
Gate TSM_USDT
Variational Omni TSM
SunX TSM-USDT
HTX TSM-USDT
Phemex TSMUSDT
Lighter TSMShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH TSM | +0.0032% | 1h | 439.78 | −0.018% | $224K | $684K | 10x | as long as short |
| Vest TSM-USD-PERP | +0.0046% | 1h | 439.50 | −0.082% | — | $1K | 25x | as long as short |
| Coinbase International TSM-PERP-INTX | +0.0048% | 1h | 439.33 | −0.120% | $366K | $102K | 10x | as long as short |
| tradeXYZ xyz:TSM | +0.0050% | 1h | 439.48 | −0.086% | $10.2M | $1.8M | 10x | as long as short |
| SoDEX TSM-USD | +0.0050% | 1h | 439.52 | −0.077% | $134 | $3K | 10x | as long as short |
| Ondo Perps TSM-USD.P | +0.0050% | 1h | 439.94 | +0.018% | $157K | $27K | 10x | as long as short |
| GRVT TSM_USDT_Perp | +0.0062% | 8h | 440.25 | +0.089% | $16K | $1.3M | 10x | as long as short |
| Extended TSM-USD | +0.0064% | 1h | 439.98 | +0.028% | $5K | $179K | 10x | as long as short |
| Binance TSMUSDT | +0.0065% | 8h | 439.96 | +0.023% | $12.9M | $7.9M | 20x | as long as short |
| BloFin TSM-USDT | +0.0081% | 8h | 440.14 | +0.064% | $45K | $105K | 20x | as long as short |
| Polymarket Perps TSM-USDshort | +0.0089% | 1h | 439.81 | −0.011% | $192K | $63K | 10x | |
| KuCoin TSMUSDTM | +0.0100% | 8h | 439.58 | −0.064% | $266K | $309K | 20x | as long as short |
| Orderly PERP_TSM_USDC_mythos | +0.0100% | 8h | 439.97 | +0.025% | $21 | — | 10x | as long as short |
| Aevo TSM-PERP | +0.0104% | 1h | 440.04 | +0.041% | $123 | — | 10x | as long as short |
| Phoenix TSM | +0.0163% | 1h | 440.19 | +0.075% | $214K | $5K | 10x | as long as short |
| Injective TSM/USDC PERP | +0.0220% | 1h | 445.31 | +1.239% | $6K | $38K | 12x | as long as short |
| edgeX TSMUSDC | +0.0294% | 4h | 440.51 | +0.147% | $47K | $215K | 10x | as long as short |
| Deribit TSM_USDC-PERPETUAL | +0.0819% | 1h | 439.94 | +0.018% | $97 | $25K | 10x | as long as short |
Lighter RH TSM
Vest TSM-USD-PERP
Coinbase International TSM-PERP-INTX
tradeXYZ xyz:TSM
SoDEX TSM-USD
Ondo Perps TSM-USD.P
GRVT TSM_USDT_Perp
Extended TSM-USD
Binance TSMUSDT
BloFin TSM-USDT
KuCoin TSMUSDTM
Orderly PERP_TSM_USDC_mythos
Aevo TSM-PERP
Phoenix TSM
Injective TSM/USDC PERP
edgeX TSMUSDC
Deribit TSM_USDC-PERPETUAL