Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Polymarket Perps−0.086%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)+0.295%+$30 · spread now −0.086%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.105% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ADA-USD | 0.2446 | 0.0100 | pay 0.0013% / 1h | 47m 38s | $92K | $685K | 10x |
| Short | Kraken Futures PF_ADAUSD | 0.2444 | 0.0093 | get 0.0012% / 1h | 47m 38s | $6.2M | $12.8M | 50x |
Polymarket Perps ADA-USD
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$1.55
- Price spread: −0.086% → +0.019%
- −$10.46
- Slippage, 4 orders
- −$25.35
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$55.36
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 10 min ago; Kraken Futures: live order book, 1 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, 10 min ago | 4.29 bp | 8.3 bp −$8 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 3.27 bp | 12.7 bp −$13 | 15.8 bp −$158 | 52.2 bp −$5,217 | doesn't fit |
ADA on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2443 | −0.095% | $201K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2446 | +0.012% | $153K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2444 | −0.054% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.034% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2445 | −0.029% | $430K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0093% | 1h | 0.2444 | −0.086% | $6.2M | $12.8M | 50x | |
| Lighter ADA | +0.0096% | 1h | 0.2446 | +0.004% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.058% | $1.2M | $982K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2446 | −0.007% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2446 | +0.020% | $103.3M | $372.8M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2445 | −0.029% | $71.3M | $111.7M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2447 | +0.053% | $32.6M | $105.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2445 | −0.029% | $97.8M | $59.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2445 | −0.029% | $60.9M | $59.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | −0.020% | $29.5M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | +0.012% | $65.7M | $50.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2447 | +0.053% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2445 | −0.025% | $124K | $444K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2448 | +0.097% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2446 | +0.024% | $65K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2446 | +0.012% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2445 | −0.029% | $225K | $741K | 50x | as long as short |
| Polymarket Perps ADA-USDlong | +0.0100% | 1h | 0.2446 | long leg | $92K | $685K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2444 | −0.070% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2445 | −0.015% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.095% | $9K | $740K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2444 | −0.053% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2445 | −0.010% | $1.3M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2444 | −0.070% | $47.6M | $6.5M | 50x | as long as short |
| Hyperliquid ADA | +0.0101% | 1h | 0.2446 | +0.012% | $42.5M | $14.9M | 10x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2446 | +0.027% | $530K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2447 | +0.033% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2450 | +0.176% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2446 | +0.012% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2444 | −0.049% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0390% / S −0.0214% | 1h | 0.2444 | −0.071% | $92K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0446% | 1h | 0.2446 | +0.008% | $592K | $494K | 50x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Hyperliquid ADA
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL