Funding arb · Price arb /

PLTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.031%

Price spread now: Polymarket Perps against OKX−0.104%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.104%, 7d avg −0.140%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.036% dearer against OKX than usual: you sell high and buy low (spread −0.104% now, against its 7-day average of −0.140%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.052% in total) that is about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PLTR-USDT-SWAP	182.75	0	get 0.0000% / 8h	3h 42m	$1.7M	$2.3M	20x
Short	Polymarket Perps PLTR-USD	182.56	−0.0114	pay 0.0014% / 1h	42m 28s	$214K	$677K	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 −0.104%Rate

Funding earned: −$23.96
Price spread: −0.104% → −0.140%: $3.59
Slippage, 4 orders: −$16.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$54.62
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Polymarket Perps: live order book, 10 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, 5 min ago	0.27 bp	9.0 bp −$9	22.2 bp −$222	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	1.64 bp	6.1 bp −$6	8.3 bp −$83	14.6 bp −$1,457	doesn't fit

PLTR on 27 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
tradeXYZ xyz:PLTR	−0.0150%	1h	182.62	−0.071%	$12.0M	$6.2M	10x	as long as short
Polymarket Perps PLTR-USDshort	−0.0114%	1h	182.56	−0.104%	$214K	$677K	10x
Hotstuff PLTR-PERP	−0.0048%	1h	182.63	−0.066%	$29K	$10K	20x	as long as short
Aster PLTRUSDT	0.0000%	8h	182.77	+0.011%	$60K	$44K	50x	as long as short
Extended PLTR_24_5-USD	0.0000%	1h	182.75	−0.001%	$302K	$1.4M	10x	as long as short
Binance PLTRUSDT	0.0000%	8h	182.80	+0.027%	$9.0M	$30.4M	20x	as long as short
Bybit PLTRUSDT	0.0000%	8h	182.77	+0.011%	$3.1M	$2.4M	25x	as long as short
OKX PLTR-USDT-SWAPlong	0.0000%	8h	182.75	long leg	$1.7M	$2.3M	20x
Gate PLTR_USDT	0.0000%	8h	182.73	−0.011%	$333K	$708K	50x	as long as short
Bitget PLTRUSDT	0.0000%	8h	182.72	−0.016%	$3.4M	$3.0M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PLTR	0.0000%	8h	182.75	−0.001%	$738K	$220K	—	as long as short
GRVT PLTR_USDT_Perp	0.0000%	8h	182.73	−0.011%	$15K	$670K	10x	as long as short
QFEX PLTR-USD	+0.0027%	1h	182.79	+0.022%	$1.2M	$2.3M	10x	as long as short
Lighter PLTR	+0.0032%	1h	182.62	−0.074%	$184K	$255K	10x	as long as short
Lighter RH PLTR	+0.0032%	1h	182.63	−0.064%	$366K	$595K	10x	as long as short
Injective PLTR/USDC PERP	+0.0033%	1h	181.69	−0.580%	$1K	$42K	30x	as long as short
Arcus PLTR-USD	+0.0040%	1h	182.69	−0.033%	$85K	$47K	10x	as long as short
Phoenix PLTR	+0.0044%	1h	182.65	−0.055%	$30K	$93K	10x	as long as short
Vest PLTR-USD-PERP	+0.0046%	1h	182.83	+0.044%	—	$124K	25x	as long as short
SoDEX PLTR-USD	+0.0050%	1h	182.72	−0.016%	$52K	$3K	10x	as long as short
Ondo Perps PLTR-USD.P	+0.0050%	1h	182.60	−0.082%	$354K	$1.7M	10x	as long as short
Pacifica PLTR	+0.0100%	1h	182.71	−0.020%	$193K	$15K	10x	as long as short
KuCoin PLTRUSDTM	+0.0100%	8h	182.58	−0.093%	$1.0M	$41K	20x	as long as short
ApeX Omni PLTRUSDT	+0.0100%	1h	182.66	−0.049%	$3K	$8K	50x	as long as short
Aevo PLTR-PERP	+0.0104%	1h	182.76	+0.004%	$90	—	10x	as long as short
BloFin PLTR-USDT	+0.0120%	8h	182.75	0.000%	$123K	$238K	20x	as long as short
edgeX PLTRUSDC	+0.0696%	4h	182.73	−0.012%	$42K	$264K	10x	as long as short