Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.007%

Price spread now: OKX against Polymarket Perps−0.058%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.058%, 7d avg −0.005%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 5.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.323% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2252	−0.0129	get 0.0016% / 1h	7m 23s	$72K	$2.0M	10x
Short	OKX ARB-USDT-SWAP	0.2251	−0.0098	pay 0.0098% / 8h	1h 07m	$22.5M	$160.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Polymarket Perps. 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 Polymarket PerpsbpFee OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $6.36
Price spread: −0.058% → −0.005%: −$5.29
Slippage, 4 orders: −$12.26
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.19
Costs to cover: 0.303%
Break-even: 39.1 days

Slippage from Polymarket Perps: live order book, 1 min ago; OKX: 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 Polymarket Perps live order book, 1 min ago	1.78 bp	5.8 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.22 bp	9.2 bp −$9	22.8 bp −$228	doesn't fit	doesn't fit

ARB on 36 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 ARB/USDC PERP	−0.1770%	1h	0.2233	−0.852%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0232%	1h	0.2252	+0.009%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0194%	1h	0.2248	−0.186%	$4K	$2.7M	5x	as long as short
Variational Omni ARB	−0.0171%	8h	0.2243	−0.393%	$1.9M	$2.7M	—	as long as short
Bybit ARBUSDT	−0.0154%	8h	0.2250	−0.089%	$58.2M	$131.7M	50x	as long as short
Polymarket Perps ARB-USDlong	−0.0129%	1h	0.2252	long leg	$72K	$2.0M	10x
OKX ARB-USDT-SWAPshort	−0.0098%	8h	0.2251	−0.058%	$22.5M	$160.3M	50x
MEXC ARB_USDT	−0.0098%	8h	0.2252	+0.004%	$37.2M	$62.9M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0061%	1h	0.2249	−0.147%	$26K	$32K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0039%	8h	0.2251	−0.053%	$10K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2250	−0.086%	$356K	$2.3M	25x	as long as short
Binance ARBUSDT	−0.0004%	8h	0.2252	−0.013%	$64.5M	$315.7M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2253	+0.023%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2253	+0.015%	$56K	—	150x	as long as short
Gate ARB_USDT	+0.0042%	8h	0.2253	+0.013%	$5.5M	$20.7M	60x	as long as short
BingX ARB-USDT	+0.0066%	8h	0.2251	−0.031%	—	$53.3M	—	as long as short
Bitget ARBUSDT	+0.0068%	8h	0.2252	−0.009%	$21.3M	$37.0M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2249	−0.139%	$147K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2250	−0.089%	$1.1M	$5.1M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2253	+0.058%	$1.3M	$7.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2255	+0.124%	$40.3M	$48.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2253	+0.034%	$701K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2253	+0.018%	$45K	$192K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2254	+0.062%	$20.8M	$16.4M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2245	−0.318%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2248	−0.185%	$488K	$3.8M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	−0.186%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2250	−0.098%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2247	−0.213%	$277K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2249	−0.142%	$5.2M	$13.3M	50x	as long as short
BloFin ARB-USDT	+0.0114%	8h	0.2247	−0.240%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2250	−0.098%	$508K	$2.3M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0156%	1h	0.2249	−0.127%	$843K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2251	−0.042%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2255	+0.120%	$500K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0629%	1h	0.2252	+0.004%	$1.1M	$2.7M	20x	as long as short