Funding you earn now, next payment 23:00 UTC−0.0157%/8h= −17.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against Kraken Futures−0.272%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 3 days (all we have)−0.576%−$58 · spread now −0.272%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.177% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2242 | 0.0085 | pay 0.0011% / 1h | 34m 17s | $1.1M | $5.2M | 50x |
| Short | Polymarket Perps ARB-USD | 0.2236 | −0.0072 | pay 0.0009% / 1h | 34m 17s | $76K | $2.1M | 10x |
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Kraken Futures. 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
- −$32.97
- Price spread: −0.272% → −0.095%
- −$17.74
- Slippage, 4 orders
- −$31.58
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$100.29
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 5 min ago | 8.24 bp | 19.5 bp −$20 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 2.23 bp | 6.2 bp −$6 | 8.5 bp −$85 | doesn't fit | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1770% | 1h | 0.2225 | −0.763% | $40K | $283K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0224% | 1h | 0.2235 | −0.339% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0163% | 8h | 0.2239 | −0.143% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0140% | 8h | 0.2238 | −0.174% | $57.7M | $135.2M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0107% | 1h | 0.2241 | −0.054% | $26K | $32K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0101% | 8h | 0.2239 | −0.143% | $22.4M | $162.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0100% | 8h | 0.2237 | −0.228% | $37.4M | $62.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0088% | 1h | 0.2240 | −0.094% | $4K | $2.8M | 5x | as long as short |
| Polymarket Perps ARB-USDshort | −0.0072% | 1h | 0.2236 | −0.272% | $76K | $2.1M | 10x | |
| Orderly PERP_ARB_USDC | −0.0029% | 8h | 0.2240 | −0.094% | $10K | $393K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2238 | −0.167% | $356K | $2.4M | 25x | as long as short |
| Binance ARBUSDT | −0.0005% | 8h | 0.2238 | −0.170% | $63.9M | $321.4M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2240 | −0.081% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2241 | −0.064% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2239 | −0.130% | $5.5M | $20.7M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2241 | −0.034% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0082% | 8h | 0.2240 | −0.107% | — | $53.6M | — | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2239 | −0.138% | $21.0M | $37.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSDlong | +0.0085% | 1h | 0.2242 | long leg | $1.1M | $5.2M | 50x | |
| Lighter ARB | +0.0096% | 1h | 0.2241 | −0.040% | $1.3M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2239 | −0.143% | $40.0M | $50.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2239 | −0.142% | $696K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2241 | −0.066% | $45K | $197K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2239 | −0.138% | $20.6M | $16.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2240 | −0.113% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2240 | −0.107% | $475K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2237 | −0.228% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2241 | −0.049% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2238 | −0.165% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2239 | −0.138% | $5.2M | $13.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0114% | 8h | 0.2240 | −0.098% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2241 | −0.049% | $509K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0275% / S −0.0158% | 1h | 0.2241 | −0.055% | $840K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2235 | −0.295% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2238 | −0.163% | $494K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0645% | 1h | 0.2244 | +0.085% | $1.1M | $2.7M | 20x | as long as short |
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP