Funding you earn now, next payment 05:00 UTC−0.0365%/8h= −39.9% APRnext payment −$0.46 per $10,000 · paid last 24h +0.074%
Price spread now: Polymarket Perps against Kraken Futures+0.039%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 4 days (all we have)+0.306%+$31 · spread now +0.039%, 7d avg −0.034%
=The price spread pays, funding is against you. Polymarket Perps is 0.073% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.034%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.269% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1660 | 0.0465 | pay 0.0058% / 1h | 59m 33s | $254K | $356K | 25x |
| Short | Polymarket Perps ZRO-USD | 1.1665 | 0.0100 | get 0.0013% / 1h | 59m 33s | $99K | $831K | 5x |
Kraken Futures PF_ZROUSD
Polymarket Perps ZRO-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
- −$76.61
- Price spread: +0.039% → −0.034%
- $7.32
- Slippage, 4 orders
- −$87.3
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$174.59
- Costs to cover
- 1.053%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 53 min ago; Polymarket Perps: live order book, 13 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, 53 min ago | 31.31 bp | 54.0 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 13 min ago | 2.55 bp | 6.8 bp −$7 | 8.8 bp −$88 | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRO-USDT | +0.0057% | 4h | 1.1648 | −0.106% | $1.1M | $248K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0057% | 4h | 1.1657 | −0.029% | $20K | $5K | 10x | as long as short |
| 01 Exchange ZROUSD | +0.0072% | 1h | 1.1682 | +0.185% | $7K | $3K | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1678 | +0.150% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1674 | +0.113% | $137K | $180K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1672 | +0.096% | $21.8M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1674 | +0.117% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1668 | +0.065% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1670 | +0.082% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1682 | +0.185% | $19.2M | $2.7M | 125x | as long as short |
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
01 Exchange ZROUSD
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1681 | +0.177% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1677 | +0.142% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1675 | +0.125% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1653 | −0.064% | $94K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1638 | −0.188% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1650 | −0.089% | $39K | $676K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1665 | +0.039% | $99K | $831K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1656 | −0.034% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0120% | 1h | 1.1700 | +0.336% | $4.4M | $1.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0121% | 1h | 1.1676 | +0.133% | $21K | $4K | 5x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1661 | +0.001% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1653 | −0.060% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0443% | 1h | 1.1679 | +0.159% | $37.0M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0465% | 1h | 1.1660 | long leg | $254K | $356K | 25x | |
| Extended ZRO-USD | +0.1032% | 1h | 1.1675 | +0.125% | $800K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1730 | +0.597% | $12K | $261K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Lighter ZRO
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP