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: Kraken Futures against Polymarket Perps+0.034%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.034% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ETHFI-USD | 0.7245 | 0.0100 | pay 0.0013% / 1h | 12m 50s | $72K | $116K | 5x |
| Short | Kraken Futures PF_ETHFIUSD | 0.7247 | 0.0218 | get 0.0027% / 1h | 12m 50s | $275K | $167K | 20x |
Polymarket Perps ETHFI-USD
Kraken Futures PF_ETHFIUSDFunding 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
- $24.79
- Price spread: +0.034% → 0.000%
- $3.42
- Slippage, 4 orders
- −$70.56
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$60.34
- Costs to cover
- 0.886%
- Break-even
- 24.0 days
Slippage from Polymarket Perps: live order book, 25 min ago; Kraken Futures: live order book, 60 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, 25 min ago | 4.80 bp | 15.7 bp −$16 | 2320.3 bp −$23.2K | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 min ago | 11.92 bp | 23.9 bp −$24 | 141.6 bp −$1,416 | 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 | −0.329% | $84K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0302% | 1h | 0.7242 | −0.039% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0207% | 4h | 0.7239 | −0.080% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0016% | 4h | 0.7191 | −0.737% | $1.0M | $717K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0008% | 8h | 0.7232 | −0.174% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | −0.066% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0076% | 4h | 0.7238 | −0.094% | $15.4M | $3.9M | 125x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7239 | −0.074% | $101K | $388K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0081% | 4h | 0.7239 | −0.082% | $25.3M | $36.5M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7241 | −0.051% | $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
MEXC ETHFI_USDT
Extended ETHFI-USD
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 | −0.080% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7243 | −0.030% | $18.2M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7243 | −0.028% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7237 | −0.108% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7240 | −0.066% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7245 | +0.003% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7241 | −0.052% | $1.2M | $264K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7228 | −0.232% | $6.2M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7243 | −0.025% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.7245 | long leg | $72K | $116K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7247 | +0.030% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | +0.003% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSDshort | +0.0218% | 1h | 0.7247 | +0.034% | $275K | $167K | 20x | |
| BloFin ETHFI-USDT | +0.0321% | 4h | 0.7226 | −0.259% | $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