Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%
Price spread now: Polymarket Perps against OKX+0.004%47s7-day average −0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days−0.522%−$52 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.004%, 7d avg −0.086%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.090% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.086%. Mind the row above: over the last 7 days funding on this pair cost −0.522%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX US500-USDT-SWAP | 7,761.9 | 0 | get 0.0000% / 8h | 6h 56m | $137K | $235K | 20x |
| Short | Polymarket Perps SP500-USD | 7,762.2 | 0.0050 | get 0.0006% / 1h | 56m 31s | $9.0M | $2.2M | 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: +0.004% → −0.086%
- $8.97
- Slippage, 4 orders
- −$31.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$30.08
- Costs to cover
- 0.495%
- Break-even
- 27.1 days
Slippage from OKX: live order book, 34 min ago; Polymarket Perps: live order book, 3 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, 34 min ago | 0.84 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.06 bp | 5.3 bp −$5 | 6.0 bp −$60 | 6.8 bp −$676 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX US500-USD | −0.0052% | 1h | 7,764.1 | +0.028% | $9.9M | $3.2M | 30x | as long as short |
| OKX US500-USDT-SWAPlong | 0.0000% | 8h | 7,761.9 | long leg | $137K | $235K | 20x | |
| Bitget SP500USDT | 0.0000% | 8h | 7,765.4 | +0.045% | $7.2M | $566K | 50x | as long as short |
| Variational Omni US500 | 0.0000% | 8h | 7,740.5 | −0.275% | $17.5M | $8.3M | — | as long as short |
| Bullet US500-USD | 0.0000% | 1h | 7,763.5 | +0.021% | $13K | $104K | 10x | as long as short |
| Lighter US500 | +0.0024% | 1h | 7,762.4 | +0.006% | $2.1M | $28.4M | 50x | as long as short |
| Extended SPX500m-USD | +0.0032% | 1h | 7,765.9 | +0.051% | $3.2M | $10.7M | 25x | as long as short |
| Injective US500/USDC PERP | +0.0033% | 1h | 7,663.3 | −1.270% | $7K | $100 | 52x | as long as short |
| tradeXYZ xyz:SP500 | +0.0043% | 1h | 7,764 | +0.027% | $426.3M | $243.4M | 50x | as long as short |
| Markets by Kinetiq mkts:US500 | +0.0046% | 1h | 7,736.8 | −0.323% | $1.5M | $7.8M | 25x | as long as short |
QFEX US500-USD
Bitget SP500USDT
Variational Omni US500
Bullet US500-USD
Lighter US500
Extended SPX500m-USD
Injective US500/USDC PERP
tradeXYZ xyz:SP500
Markets by Kinetiq mkts:US500Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest SPX-USD-PERP | +0.0046% | 1h | 7,831.1 | +0.892% | — | $4.3M | 50x | as long as short |
| Popdex US500USDT | +0.0048% | 1h | 7,765.4 | +0.045% | $624K | $508K | 20x | as long as short |
| Paradex US500-USD-PERP | +0.0050% | 8h | 7,763.6 | +0.022% | $43K | — | 5x | as long as short |
| Polymarket Perps SP500-USDshort | +0.0050% | 1h | 7,762.2 | +0.004% | $9.0M | $2.2M | 50x | |
| SoDEX US500-USD | +0.0050% | 1h | 7,763.9 | +0.026% | $1.4M | $191K | 20x | as long as short |
| Ondo Perps US500-USD.P | +0.0050% | 1h | 7,764.9 | +0.039% | $9.5M | $8.5M | 25x | as long as short |
| Pacifica SP500 | +0.0100% | 1h | 7,766.1 | +0.054% | $259K | $172K | 20x | as long as short |
| Aftermath Perps US500USD | +0.0251% | 1h | 7,765.7 | +0.049% | $546 | $30K | 10x | as long as short |
Vest SPX-USD-PERP
Popdex US500USDT
Paradex US500-USD-PERP
SoDEX US500-USD
Ondo Perps US500-USD.P
Pacifica SP500
Aftermath Perps US500USD