Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.019%
Price spread now: Kraken Futures against Polymarket Perps+0.121%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days+0.320%+$32 on $10k
+Price spread, last 3 days (all we have)+1.227%+$123 · spread now +0.121%, 7d avg +0.095%
=The price spread pays, funding is against you. Kraken Futures is 0.026% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.095%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 7 days funding on this pair paid +0.320%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ARB-USD | 0.2249 | −0.0004 | get 0.0001% / 1h | 25m 32s | $78K | $2.2M | 10x |
| Short | Kraken Futures PF_ARBUSD | 0.2252 | −0.0053 | pay 0.0007% / 1h | 25m 32s | $1.1M | $5.2M | 50x |
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDFunding 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
- −$10.15
- Price spread: +0.121% → +0.095%
- $2.57
- Slippage, 4 orders
- −$34.83
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$60.41
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Kraken Futures: 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 Polymarket Perps live order book, 3 min ago | 2.89 bp | 6.9 bp −$7 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 9.11 bp | 24.6 bp −$25 | 35.4 bp −$354 | 869.1 bp −$86.9K | 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 | −0.1675% | 1h | 0.2239 | −0.445% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0288% | 1h | 0.2246 | −0.142% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0173% | 8h | 0.2246 | −0.151% | $56.5M | $136.0M | 50x | as long as short |
| Variational Omni ARB | −0.0172% | 8h | 0.2249 | +0.007% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0092% | 8h | 0.2244 | −0.222% | $22.4M | $165.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0090% | 8h | 0.2247 | −0.093% | $37.6M | $63.6M | 200x | as long as short |
| SoDEX ARB-USD | −0.0082% | 1h | 0.2250 | +0.044% | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0061% | 1h | 0.2252 | +0.147% | $38K | $20K | 25x | as long as short |
| Kraken Futures PF_ARBUSDshort | −0.0053% | 1h | 0.2252 | +0.121% | $1.1M | $5.2M | 50x | |
| Orderly PERP_ARB_USDC | −0.0015% | 8h | 0.2252 | +0.133% | $11K | $388K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USDlong | −0.0004% | 1h | 0.2249 | long leg | $78K | $2.2M | 10x | |
| dYdX ARB-USD | 0.0000% | 1h | 0.2249 | −0.004% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2252 | +0.140% | $59K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2247 | −0.109% | $63.9M | $324.9M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2246 | −0.143% | $358K | $2.4M | 25x | as long as short |
| Gate ARB_USDT | +0.0015% | 8h | 0.2248 | −0.044% | $5.5M | $21.6M | 60x | as long as short |
| BloFin ARB-USDT | +0.0033% | 8h | 0.2251 | +0.102% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2253 | +0.167% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0085% | 8h | 0.2247 | −0.093% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0086% | 8h | 0.2246 | −0.133% | $21.1M | $38.5M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2249 | −0.004% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2250 | +0.036% | $40.2M | $53.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2248 | −0.048% | $699K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2249 | +0.020% | $47K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2248 | −0.022% | $20.8M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2250 | +0.034% | $40K | $454K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2250 | +0.045% | $485K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2251 | +0.089% | $122K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2251 | +0.089% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2248 | −0.031% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2250 | +0.044% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0154% / S −0.0018% | 1h | 0.2252 | +0.138% | $853K | — | 150x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2252 | +0.151% | $502K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2249 | −0.013% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2249 | −0.003% | $495K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0582% | 1h | 0.2253 | +0.165% | $1.1M | $2.7M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin 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
GMX ARB/USD [ARB-USDC]
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP