Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: OKX against Polymarket Perps−0.079%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.079%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.091% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NAS100-USD | 30,572 | 0.0050 | pay 0.0006% / 1h | 49m 24s | $7.2M | $1.9M | 50x |
| Short | OKX US100-USDT-SWAP | 30,548 | 0 | get 0.0000% / 8h | 5h 49m | $263K | $379K | 20x |
Polymarket Perps NAS100-USD
OKX US100-USDT-SWAPFunding 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 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: −0.079% → +0.012%
- −$9.1
- Slippage, 4 orders
- −$5.8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.4
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; OKX: live order book, 11 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, 5 min ago | 0.82 bp | 5.0 bp −$5 | 5.4 bp −$54 | 5.5 bp −$553 | 11.4 bp −$5,717 |
| Sell OKX live order book, 11 min ago | 1.64 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0214% | 8h | 30,561.1 | −0.036% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,571.3 | −0.002% | $1.8M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0094% | 8h | 30,576 | +0.013% | $23.7M | $19.3M | 200x | as long as short |
| OKX US100-USDT-SWAPshort | 0.0000% | 8h | 30,548 | −0.079% | $263K | $379K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,548 | −0.079% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,575.4 | +0.011% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,566.1 | −0.019% | $1.4M | $178K | 10x | as long as short |
| QFEX US100-USD | +0.0004% | 1h | 30,576 | +0.013% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,572 | 0.000% | $3.9M | $93.9M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,575.7 | +0.012% | $2.2M | $5.4M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,860.8 | +0.944% | — | $193.7M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,570.9 | −0.004% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,572 | long leg | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0162% | 1h | 30,589.1 | +0.056% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2811% | 1h | 30,643.9 | +0.235% | $131K | $127K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD