Funding you earn now, next payment 02:00 UTC−0.0539%/8h= −59.0% APRnext payment −$0.67 per $10,000 · paid last 24h +0.006%
Price spread now: Polymarket Perps against Kraken Futures−0.159%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.159%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Polymarket Perps is 0.140% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 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_WLDUSD | 0.4684 | 0.0639 | pay 0.0080% / 1h | 23m 24s | $914K | $2.9M | 50x |
| Short | Polymarket Perps WLD-USD | 0.4677 | 0.0100 | get 0.0013% / 1h | 23m 24s | $56K | $2.1M | 10x |
Kraken Futures PF_WLDUSD
Polymarket Perps WLD-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
- −$113.18
- Price spread: −0.159% → −0.019%
- −$13.97
- Slippage, 4 orders
- −$32.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$177.9
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Polymarket Perps: live order book, 5 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 | 5.34 bp | 18.3 bp −$18 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 2.88 bp | 7.7 bp −$8 | 8.5 bp −$85 | doesn't fit | doesn't fit |
WLD on 37 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 WLD/USDC PERP | −0.0235% | 1h | 0.4615 | −1.474% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0151% | 8h | 0.4684 | −0.001% | $43K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0050% | 8h | 0.4672 | −0.257% | $7.0M | $11.5M | 50x | as long as short |
| Nado WLD-PERP | −0.0002% | 1h | 0.4674 | −0.204% | $271K | $189K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4686 | +0.034% | $167K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4681 | −0.065% | $114K | $910K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4677 | −0.154% | $56K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0030% | 8h | 0.4675 | −0.193% | $7.3M | $37.7M | 75x | as long as short |
| Orderly PERP_WLD_USDC | +0.0059% | 8h | 0.4679 | −0.108% | $28K | $897K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4715 | +0.652% | $5K | $54K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
Orderly PERP_WLD_USDC
Phoenix WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4680 | −0.085% | $180K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4685 | +0.024% | $56K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4678 | −0.129% | $88.8M | $324.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4678 | −0.129% | $66.8M | $87.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4680 | −0.086% | $35.2M | $153.0M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4676 | −0.172% | $46.4M | $55.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4678 | −0.129% | $31.2M | $29.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4677 | −0.150% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4686 | +0.037% | $138K | $292K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4705 | +0.441% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4708 | +0.501% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4686 | +0.042% | $622K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4695 | +0.234% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4677 | −0.159% | $56K | $2.1M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4687 | +0.063% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4680 | −0.086% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4682 | −0.044% | $886K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4682 | −0.044% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4678 | −0.124% | $215K | $886K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4682 | −0.054% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4675 | −0.199% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4677 | −0.150% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4679 | −0.116% | $335 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4678 | −0.129% | $279K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0564% | 1h | 0.4682 | −0.050% | $52.1M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0639% | 1h | 0.4684 | long leg | $914K | $2.9M | 50x | |
| Lighter WLD | +0.0832% | 1h | 0.4696 | +0.264% | $5.3M | $2.1M | 10x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Lighter WLD