Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%
Price spread now: Polymarket Perps against OKX−0.086%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.570%−$57 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.086%, 7d avg −0.086%
=The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.570%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,766.4 | 0 | get 0.0000% / 8h | 6m 52s | $141K | $229K | 20x |
| Short | Polymarket Perps SP500-USD | 7,759.7 | 0.0050 | get 0.0006% / 1h | 6m 52s | $9.0M | $2.3M | 50x |
OKX US500-USDT-SWAP
Polymarket Perps SP500-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
- $10.5
- Price spread: −0.086% → −0.086%
- −$0.04
- Slippage, 4 orders
- −$12.21
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$19.75
- Costs to cover
- 0.302%
- Break-even
- 20.2 days
Slippage from OKX: live order book, 28 min ago; Polymarket Perps: live order book, 2 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, 28 min ago | 1.16 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 0.06 bp | 4.1 bp −$4 | 4.2 bp −$42 | 5.0 bp −$500 | 10.3 bp −$5,139 |
SP500 on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective US500/USDC PERP | −0.0220% | 1h | 7,663.3 | −1.328% | $7K | $108 | 52x | as long as short |
| QFEX US500-USD | −0.0043% | 1h | 7,760.6 | −0.075% | $9.9M | $3.1M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,766.4 | long leg | $141K | $229K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,767.9 | +0.019% | $7.2M | $767K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,738.1 | −0.365% | $17.5M | $8.5M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,759.9 | −0.083% | $12K | $104K | 10x | as long as short |
| Lighter US500 | +0.0032% | 1h | 7,759.1 | −0.094% | $2.1M | $28.7M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,761.9 | −0.058% | $3.2M | $12.1M | 25x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,733.8 | −0.420% | $1.6M | $7.4M | 25x | as long as short |
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,827.8 | +0.790% | — | $4.3M | 50x | as long as short |
Injective US500/USDC PERP
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Markets by Kinetiq mkts:US500
Vest SPX-USD-PERPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex US500USDT | +0.0048% | 1h | 7,762.6 | −0.049% | $625K | $527K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,759.2 | −0.093% | $43K | — | 5x | as long as short |
| tradeXYZ xyz:SP500 | +0.0050% | 1h | 7,760.1 | −0.081% | $436.0M | $233.0M | 50x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,759.7 | −0.086% | $9.0M | $2.3M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,760 | −0.082% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,761.9 | −0.058% | $9.5M | $8.2M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,762.3 | −0.053% | $259K | $168K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0342% | 1h | 7,760.1 | −0.081% | $446 | $29K | 10x | as long as short |
Popdex US500USDT
Paradex US500-USD-PERP
tradeXYZ xyz:SP500
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD