Funding you earn now, next payment 03:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.017%
Price spread now: Polymarket Perps against OKX+0.810%47s7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$470.472% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−1.633%−$163 · spread now +0.810%, 7d avg +0.065%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Polymarket Perps is 0.744% dearer against OKX than usual: you sell high and buy low: +$74 more if the spread goes back to its 7-day average of +0.065%. 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 -0.033% in total (about -1.7% 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 ETHFI-USDT-SWAP | 0.7127 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $5.0M | $12.2M | 20x |
| Short | Polymarket Perps ETHFI-USD | 0.7185 | 0.0476 | get 0.0060% / 1h | 55m 51s | $71K | $118K | 5x |
OKX ETHFI-USDT-SWAP
Polymarket Perps ETHFI-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
- $79.06
- Price spread: +0.810% → +0.065%
- $74.42
- Slippage, 4 orders
- −$29.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $106.33
- Costs to cover
- 0.472%
- Break-even
- from the start
Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 37 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 | 1.40 bp | 13.8 bp −$14 | 39.0 bp −$390 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 37 min ago | 4.81 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0309% | 1h | 0.7151 | +0.337% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0201% | 4h | 0.7147 | +0.281% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0102% | 4h | 0.7144 | +0.239% | $88K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.586% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFI | +0.0043% | 4h | 0.7161 | +0.482% | $1.1M | $714K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0061% | 8h | 0.7154 | +0.377% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7128 | +0.010% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7130 | +0.048% | $17.8M | $8.2M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7137 | +0.136% | $182K | $257K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7119 | −0.106% | $24.8M | $35.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7121 | −0.084% | $17.9M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7127 | long leg | $5.0M | $12.2M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7132 | +0.070% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7133 | +0.084% | $15.4M | $3.9M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7139 | +0.168% | $1.2M | $254K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7131 | +0.056% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7130 | +0.042% | — | $26.0M | — | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7153 | +0.365% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7131 | +0.055% | $100K | $381K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7145 | +0.253% | $9K | — | 3x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0305% | 1h | 0.7151 | +0.338% | $271K | $197K | 20x | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0476% | 1h | 0.7185 | +0.810% | $71K | $118K | 5x | |
| Coinbase International ETHFI-PERP-INTX | +0.0512% | 1h | 0.7253 | +1.768% | $32K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Kraken Futures PF_ETHFIUSD
Coinbase International ETHFI-PERP-INTX