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Funding arb · Price arb /

BTC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.009%
Price spread now: Polymarket Perps against OKX+0.012%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Long on OKXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.012%, 7d avg −0.012%
Together, before fees+0.046%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.023% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BTC-USDT-SWAP86,589.90.0099pay 0.0099% / 8h2h 00m$2.55B$12.73B100x
ShortPolymarket Perps BTC-USD86,6000.0100get 0.0013% / 1h0m 18s$11.1M$13.8M50x

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

Funding earned
$0.28
Price spread: +0.012% → −0.012%
$2.34
Slippage, 4 orders
−$0.51
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$15.88
Costs to cover
0.185%
Break-even
399.3 days
Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.01 bp5.0 bp −$55.0 bp −$505.1 bp −$5135.3 bp −$2,644
Sell Polymarket Perps live order book, 4 min ago0.06 bp4.1 bp −$45.1 bp −$517.5 bp −$750doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps BTCUSD−0.0248%1h86,615.5+0.030%$81K$193K20xas long as short
Perpl BTC−0.0223%43m86,606.5+0.019%$425K$24.5M6.7xas long as short
Phoenix BTC−0.0103%1h86,561−0.033%$2.2M$12.4M40xas long as short
Hotstuff BTC-PERP−0.0080%1h86,582−0.009%$9K$3K50xas long as short
dYdX BTC-USD−0.0066%1h86,591.4+0.002%$17.6M$20.6M50xas long as short
Aster BTCUSDT−0.0003%8h86,575.4−0.017%$505.5M$1.16B200xas long as short
01 Exchange BTCUSD0.0000%1h86,612.9+0.027%$360K$2.4M50xas long as short
Deribit BTC-PERPETUAL0.0000%1h86,599.6+0.011%$927.6M$1.47B50xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h86,611.2+0.025%$36.8M—200xas long as short
KuCoin XBTUSDTM+0.0005%8h86,575−0.017%$850.0M$709.7M125xas long as short
Show all 56 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya BTCRUSDPERP+0.0022%1h86,580.9−0.010%$6.7M$144.6M40xas long as short
BingX BTC-USDC+0.0030%8h86,577.3−0.015%—$15.4M—as long as short
Phemex BTCUSDT+0.0032%8h86,569.9−0.023%$149.6M$472.6M150xas long as short
Bitget BTCUSDT+0.0038%8h86,583.3−0.008%$2.95B$5.09B150xas long as short
Injective BTC/USDC PERP+0.0049%1h86,614+0.028%$315K$26.8M52xas long as short
Aevo BTC-PERP+0.0056%1h86,586.4−0.004%$2.4M$1.3M20xas long as short
MEXC BTC_USDT+0.0058%8h86,584.7−0.006%$5.18B$5.73B500xas long as short
Binance BTCUSDT+0.0059%8h86,584.7−0.006%$9.42B$24.38B150xas long as short
RISEx BTC/USDC+0.0063%1h86,601.3+0.013%$8.5M$43.2M25xas long as short
Gate BTC_USDT+0.0081%8h86,587.1−0.003%$5.85B$10.72B200xas long as short
Bybit BTCUSDT+0.0086%8h86,592.4+0.003%$5.28B$9.74B150xas long as short
Lighter BTC+0.0096%1h86,594.6+0.005%$172.1M$1.02B50xas long as short
Lighter RH BTC+0.0096%1h86,610.4+0.024%$24.1M$154.5M50xas long as short
Popdex BTCUSDT+0.0096%1h86,588−0.002%$8.5M$52.3M100xas long as short
OKX BTC-USDT-SWAPlong+0.0099%8h86,589.9long leg$2.55B$12.73B100x
Katana Perps BTC-USD+0.0100%8h86,578−0.014%$201K$6.9M50xas long as short
Paradex BTC-USD-PERP+0.0100%8h86,639.8+0.058%$4.8M$8.3M50xas long as short
Nado BTC-PERP+0.0100%1h86,585.1−0.006%$21.7M$235.0M50xas long as short
Hyperliquid BTC+0.0100%1h86,656+0.076%$3.81B$5.11B40xas long as short
Pacifica BTC+0.0100%1h86,622.8+0.038%$40.9M$498.0M50xas long as short
Ondo Perps BTC-USD.P+0.0100%1h86,595+0.006%$3.9M$18.6M25xas long as short
Arcus BTC-USD+0.0100%1h86,662.8+0.084%$7.4M$94.2M40xas long as short
Bulk BTC-USD+0.0100%1h86,590.20.000%$572.1M$20.3M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h86,5900.000%$38.1M$151.3M75xas long as short
Variational Omni BTC+0.0100%8h86,596.1+0.007%$159.3M$566.2M—as long as short
edgeX BTCUSDC+0.0100%4h86,553.8−0.042%$279.5M$942.6M100xas long as short
GRVT BTC_USDT_Perp+0.0100%8h86,562.1−0.032%$217.2M$185.3M50xas long as short
ApeX Omni BTCUSDT+0.0100%1h86,565.5−0.028%$141.5M$323.0M100xas long as short
StandX BTC-USD+0.0100%1h86,588.3−0.002%$30.7M$203.4M40xas long as short
Vest BTC-PERP+0.0100%1h86,642.1+0.060%—$11.6M50xas long as short
Polymarket Perps BTC-USDshort+0.0100%1h86,600+0.012%$11.1M$13.8M50x
Bullet BTC-USD+0.0100%1h86,591+0.001%$190K$3.4M20xas long as short
Orderly PERP_BTC_USDC+0.0100%8h86,598.5+0.010%$2.5M$8.6M100xas long as short
Bluefin BTC-PERP+0.0100%1h86,613+0.027%$140K$619K40xas long as short
Derive BTC-PERP+0.0100%1h86,588.9−0.001%$30.0M$61.7M15xas long as short
SunX BTC-USDT+0.0100%8h86,588.1−0.002%$3.4M$5.5M100xas long as short
SoDEX BTC-USD+0.0100%1h86,565−0.029%$60.5M$336.7M40xas long as short
HTX BTC-USDT+0.0100%8h86,583.3−0.008%$2.30B$960.5M200xas long as short
Extended BTC-USD+0.0104%1h86,554.7−0.041%$46.4M$226.7M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h86,623.4+0.039%—$98.9M500xas long as short
Kraken Futures PF_XBTUSD+0.0117%1h86,590.10.000%$187.0M$934.9M100xas long as short
Coinbase International BTC-PERP-INTX+0.0120%1h86,619.6+0.034%$131.9M$5.82B50xas long as short
Hibachi BTC/USDT-P+0.0160%1h86,622.8+0.038%$774K$8.1M30xas long as short
Kalshi KXBTCPERP+0.0176%8h86,635+0.052%$9.6M$727.2M6.4xas long as short
BloFin BTC-USDT+0.0179%8h86,596.9+0.008%$416.9M$655.7M150xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0180% / S −0.0209%1h86,607.1+0.020%$15.0M—200xas long as short