Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Polymarket Perps against OKX+0.062%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.307%−$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.062% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). 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 LINK-USDT-SWAP	12.957	0.0100	pay 0.0100% / 8h	5h 53m	$27.3M	$73.8M	50x
Short	Polymarket Perps LINK-USD	12.965	0.0100	get 0.0013% / 1h	53m 42s	$83K	$64K	10x

Funding 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 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → 0.000%: $6.17
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

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	0.38 bp	7.0 bp −$7	15.2 bp −$152	33.1 bp −$3,313	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 39 exchanges

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
Orderly PERP_LINK_USDC	−0.0194%	8h	12.949	−0.062%	$85K	$876K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.956	−0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.967	+0.081%	$489K	$2.1M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.956	−0.008%	$115K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	12.980	+0.179%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.299%	$4K	$48K	12x	as long as short
HTX LINK-USDT	+0.0093%	8h	12.950	−0.057%	$608K	$677K	75x	as long as short
Variational Omni LINK	+0.0094%	8h	12.971	+0.110%	$3.4M	$1.8M	—	as long as short
Lighter LINK	+0.0096%	1h	12.956	−0.005%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.019%	$31K	$600	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.959	+0.012%	$348K	$279K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.969	+0.093%	$81.6M	$25.2M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.961	+0.031%	$1.4M	$2.5M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.959	+0.012%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.957	0.000%	$120.2M	$268.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.957	0.000%	$83.8M	$66.6M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	12.957	long leg	$27.3M	$73.8M	50x
Arcus LINK-USD	+0.0100%	1h	12.978	+0.162%	$183K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.963	+0.046%	$134.0M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.960	+0.023%	$35.7M	$54.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.962	+0.039%	$22.9M	$11.8M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.961	+0.031%	$54.3M	$26.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.961	+0.031%	—	$23.9M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.963	+0.046%	$335K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.985	+0.214%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.985	+0.213%	$582K	$3.1M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.998	+0.316%	$132K	$669K	50x	as long as short
Polymarket Perps LINK-USDshort	+0.0100%	1h	12.965	+0.062%	$83K	$64K	10x
SunX LINK-USDT	+0.0100%	8h	12.975	+0.142%	$33K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.956	−0.008%	$11K	$61K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.958	+0.009%	$628K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.958	+0.010%	$543K	$2K	3x	as long as short
Kraken Futures PF_LINKUSD	+0.0173%	1h	12.959	+0.017%	$6.5M	$7.4M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0200%	1h	13.000	+0.332%	$977K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.966	+0.069%	$5.4M	$15.3M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0236%	1h	12.964	+0.052%	$888K	$355K	50x	as long as short
Reya LINKRUSDPERP	+0.0408%	1h	12.955	−0.012%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0435%	1h	12.957	+0.002%	$348K	$46K	10x	as long as short
Phemex LINKUSDT	+0.0439%	8h	12.971	+0.108%	$20.0M	$10.2M	50x	as long as short