Funding you earn now, next payment 23:00 UTC−0.0594%/8h= −65.1% APRnext payment −$0.74 per $10,000 · paid last 24h +0.003%
Price spread now: Polymarket Perps against Kraken Futures−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.326%−$33 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 −$18 a day on $10k at the current rate, and Polymarket Perps is 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.326% in total (about -17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LINKUSD | 13.167 | 0.0694 | pay 0.0087% / 1h | 36m 50s | $6.9M | $8.0M | 50x |
| Short | Polymarket Perps LINK-USD | 13.159 | 0.0100 | get 0.0013% / 1h | 36m 50s | $81K | $68K | 10x |
Kraken Futures PF_LINKUSD
Polymarket Perps LINK-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
- −$124.8
- Price spread: −0.063% → 0.000%
- −$6.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$149.09
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; Polymarket Perps: no order-book sample. Net counts fees only.
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, 2 min ago | 1.90 bp | 11.3 bp −$11 | 18.0 bp −$180 | 54.0 bp −$5,402 | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0090% / S +0.0167% | 1h | 13.161 | −0.048% | $1.8M | — | 200x | as long as short |
| dYdX LINK-USD | 0.0000% | 1h | 13.166 | −0.007% | $349K | $48K | 10x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 13.167 | 0.000% | $462K | $2.3M | 3.7x | as long as short |
| Deribit LINK_USDC-PERPETUAL | 0.0000% | 1h | 13.162 | −0.042% | $719K | $125K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0006% | 1h | 13.161 | −0.049% | $133K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −5.827% | $4K | $48K | 12x | as long as short |
| Phoenix LINK | +0.0037% | 1h | 13.208 | +0.312% | $3K | $81K | 10x | as long as short |
| Orderly PERP_LINK_USDC | +0.0041% | 8h | 13.157 | −0.078% | $133K | $1.5M | 20x | as long as short |
| Lighter LINK | +0.0096% | 1h | 13.156 | −0.086% | $2.1M | $2.4M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 13.158 | −0.068% | $32K | $3K | 20x | as long as short |
GMX LINK/USD [LINK-USDC]
dYdX LINK-USD
Kalshi KXLINKPERP
Deribit LINK_USDC-PERPETUAL
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Phoenix LINK
Orderly PERP_LINK_USDC
Lighter LINK
Paradex LINK-USD-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LINK-PERP | +0.0100% | 1h | 13.160 | −0.052% | $400K | $312K | 10x | as long as short |
| Hyperliquid LINK | +0.0100% | 1h | 13.167 | −0.002% | $77.7M | $23.8M | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 13.162 | −0.039% | $1.5M | $2.8M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 13.164 | −0.028% | $276K | $149K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 13.144 | −0.177% | $122.0M | $302.0M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 13.157 | −0.078% | $84.8M | $69.8M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 13.157 | −0.078% | $27.7M | $85.7M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.179 | +0.089% | $185K | $172K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 13.159 | −0.063% | $130.7M | $12.6M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 13.158 | −0.071% | $36.5M | $56.2M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 13.166 | −0.010% | $22.3M | $15.6M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.155 | −0.093% | $54.8M | $30.3M | 75x | as long as short |
| BingX LINK-USDT | +0.0100% | 8h | 13.155 | −0.093% | — | $21.5M | — | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 13.205 | +0.286% | $3.3M | $1.5M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 13.183 | +0.121% | $44K | $307K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.179 | +0.086% | $596K | $2.7M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.182 | +0.112% | $153K | $669K | 50x | as long as short |
| Polymarket Perps LINK-USDshort | +0.0100% | 1h | 13.159 | −0.063% | $81K | $68K | 10x | |
| Derive LINK-PERP | +0.0100% | 1h | 13.156 | −0.082% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 13.175 | +0.062% | $34K | $1.6M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 13.159 | −0.063% | $5K | $38K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 13.149 | −0.135% | $647K | $894K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.157 | −0.079% | $678K | $1.8M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 13.161 | −0.045% | $552K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0120% | 1h | 13.183 | +0.119% | $995K | $2.7M | 50x | as long as short |
| Backpack LINK_USDC_PERP | +0.0179% | 1h | 13.172 | +0.036% | $365K | $375K | 15x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 13.152 | −0.116% | $5.2M | $17.0M | 75x | as long as short |
| Reya LINKRUSDPERP | +0.0375% | 1h | 13.154 | −0.102% | $5K | — | 20x | as long as short |
| Phemex LINKUSDT | +0.0464% | 8h | 13.174 | +0.051% | $20.4M | $11.5M | 50x | as long as short |
| Kraken Futures PF_LINKUSDlong | +0.0694% | 1h | 13.167 | long leg | $6.9M | $8.0M | 50x |
Nado LINK-PERP
Hyperliquid LINK
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDT
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
Backpack LINK_USDC_PERP
BloFin LINK-USDT
Reya LINKRUSDPERP
Phemex LINKUSDT