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Funding arb · Price arb /

NEAR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Polymarket Perps−0.100%7-day average −0.052% · 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−$45as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Long on Polymarket PerpsShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days+0.080%+$8 · spread now −0.100%, 7d avg −0.052%
Together, before fees+0.097%+$10 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: OKX is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NEAR-USD4.39840.0100pay 0.0013% / 1h37m 24s$235K$3.9M10x
ShortOKX NEAR-USDT-SWAP4.39400.0100get 0.0100% / 8h4h 37m$62.4M$298.5M50x

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

Funding earned
$0
Price spread: −0.100% → −0.052%
−$4.83
Slippage, 4 orders
−$22.4
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$45.23
Costs to cover
0.404%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago1.70 bp9.8 bp −$1028.8 bp −$288doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago1.13 bp10.8 bp −$1125.7 bp −$25749.6 bp −$4,963doesn't fit

NEAR on 45 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
Reya NEARRUSDPERP−0.0171%1h4.3949−0.080%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4177+0.439%$2.2M$15.3M50xas long as short
dYdX NEAR-USD0.0000%1h4.3989+0.012%$108K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4209+0.512%$607K$22.0M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3989+0.011%$164K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.852%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3990+0.014%$116K$514K50xas long as short
Pacifica NEAR+0.0100%1h4.4014+0.069%$421K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4011+0.062%$269.1M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3931−0.120%$220.8M$424.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAPshort+0.0100%8h4.3940−0.100%$62.4M$298.5M50x
Bulk NEAR-USD+0.0100%1h4.4550+1.287%$254K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3988+0.009%$31.9M$63.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4020+0.082%$73.6M$148.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3960−0.055%$54.7M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3948−0.082%$72.2M$130.2M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3990+0.014%—$146.6M—as long as short
Variational Omni NEAR+0.0100%8h4.4567+1.325%$8.7M$18.2M—as long as short
edgeX NEARUSDC+0.0100%4h4.4195+0.479%$265K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4605+1.412%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4150+0.377%$170K$792K50xas long as short
Polymarket Perps NEAR-USDlong+0.0100%1h4.3984long leg$235K$3.9M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.4122+0.314%$56K$217K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4290+0.696%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4094+0.250%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4160+0.400%$460K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4130+0.332%$3.8M$8.5M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4001+0.039%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4143+0.361%$205K$40K3xas long as short
Hyperliquid NEAR+0.0153%1h4.3994+0.023%$362.9M$324.7M10xas long as short
Extended NEAR-USD+0.0200%1h4.3959−0.057%$4.0M$19.6M25xas long as short
Backpack NEAR_USDC_PERP+0.0204%1h4.4083+0.225%$1.3M$6.6M20xas long as short
BloFin NEAR-USDT+0.0220%8h4.4190+0.468%$13.9M$32.9M75xas long as short
01 Exchange NEARUSD+0.0240%1h4.4014+0.068%$13K$7K10xas long as short
Aster NEARUSDT+0.0290%8h4.4039+0.126%$3.0M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0330% / S −0.0206%1h4.4132+0.336%$240K—100xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0339%1h4.4133+0.339%$1.9M$6.8M25xas long as short
Lighter RH NEAR+0.0456%1h4.4088+0.236%$1.5M$7.2M10xas long as short
Nado NEAR-PERP+0.0572%1h4.3948−0.081%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4060+0.173%$221K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0589%1h4.4103+0.271%$8.2M$39.9M50xas long as short
Phoenix NEAR+0.0794%1h4.4338+0.805%$1.8M$2.8M10xas long as short
Lighter NEAR+0.0848%1h4.4072+0.201%$17.8M$26.3M15xas long as short
RISEx NEAR/USDC+0.0926%1h4.4033+0.111%$559K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1564%1h4.4369+0.876%$6K$12K10xas long as short