Funding you earn now, next payment 01:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h +0.111%
Price spread now: Polymarket Perps against Kraken Futures−0.251%48s7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as 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−$890.886% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.251% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Kraken Futures PF_ETHFIUSD | 0.7247 | 0.0218 | pay 0.0027% / 1h | 12m 25s | $275K | $167K | 20x |
| Short | Polymarket Perps ETHFI-USD | 0.7229 | 0.0100 | get 0.0013% / 1h | 12m 25s | $71K | $116K | 5x |
Kraken Futures PF_ETHFIUSD
Polymarket Perps ETHFI-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
- −$24.79
- Price spread: −0.251% → 0.000%
- −$25.09
- Slippage, 4 orders
- −$70.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$138.44
- Costs to cover
- 0.886%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 60 min ago; Polymarket Perps: live order book, 26 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, 60 min ago | 11.92 bp | 40.2 bp −$40 | 166.9 bp −$1,669 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 26 min ago | 4.80 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0773% | 4h | 0.7221 | −0.363% | $84K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0302% | 1h | 0.7242 | −0.073% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0207% | 4h | 0.7239 | −0.114% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0016% | 4h | 0.7191 | −0.771% | $1.0M | $717K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0010% | 8h | 0.7227 | −0.278% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | −0.100% | $321 | $51K | 5.5x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7229 | −0.259% | $101K | $388K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0080% | 4h | 0.7228 | −0.266% | $15.4M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0081% | 4h | 0.7223 | −0.331% | $25.2M | $36.5M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7241 | −0.085% | $1.1M | $894K | 5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7239 | −0.115% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7229 | −0.251% | $18.1M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7235 | −0.169% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7224 | −0.321% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7227 | −0.280% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7236 | −0.156% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7232 | −0.211% | $1.2M | $264K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7224 | −0.321% | $6.2M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7235 | −0.169% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDshort | +0.0100% | 1h | 0.7229 | −0.251% | $71K | $116K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7247 | −0.004% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | −0.031% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDlong | +0.0218% | 1h | 0.7247 | long leg | $275K | $167K | 20x | |
| BloFin ETHFI-USDT | +0.0321% | 4h | 0.7226 | −0.294% | $1.3M | $274K | 75x | as long as short |
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT