Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.166%
Price spread now: Kraken Futures against Polymarket Perps+0.021%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.021%, 7d avg +0.032%
=The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZRO-USD | 1.1831 | 0.0100 | pay 0.0013% / 1h | 48m 12s | $89K | $815K | 5x |
| Short | Kraken Futures PF_ZROUSD | 1.1834 | 0.0132 | get 0.0016% / 1h | 48m 12s | $254K | $434K | 25x |
Polymarket Perps ZRO-USD
Kraken Futures PF_ZROUSDFunding 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
- $6.71
- Price spread: +0.021% → +0.032%
- −$1.04
- Slippage, 4 orders
- −$70.89
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.22
- Costs to cover
- 0.889%
- Break-even
- 93.8 days
Slippage from Polymarket Perps: live order book, 55 min ago; Kraken Futures: live order book, 30 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, 55 min ago | 2.96 bp | 7.0 bp −$7 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 14.38 bp | 40.0 bp −$40 | 137.1 bp −$1,371 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0176% | 1h | 1.1816 | −0.126% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0013% | 4h | 1.1823 | −0.068% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1833 | +0.020% | $4.4M | $1.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1835 | +0.037% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1825 | −0.049% | $137K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1819 | −0.098% | $22.2M | $31.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1819 | −0.101% | $18.0M | $14.7M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1828 | −0.025% | $3.2M | $8.3M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.093% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.093% | $19.2M | $2.7M | 125x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
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 | 1.1837 | +0.051% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1832 | +0.008% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1825 | −0.051% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1830 | −0.008% | $100K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1858 | +0.228% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1860 | +0.245% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USDlong | +0.0100% | 1h | 1.1831 | long leg | $89K | $815K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1821 | −0.083% | $21K | — | 3x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0132% | 1h | 1.1834 | +0.021% | $254K | $434K | 25x | |
| BloFin ZRO-USDT | +0.0138% | 4h | 1.1835 | +0.034% | $1.1M | $258K | 75x | as long as short |
| dYdX ZRO-USD | +0.0181% | 1h | 1.1835 | +0.033% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0185% | 1h | 1.1838 | +0.059% | $37.6M | $6.2M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1824 | −0.063% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0350% | 1h | 1.1822 | −0.079% | $1.3M | $125K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1890 | +0.499% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2048% | 1h | 1.1820 | −0.095% | $784K | $558K | 10x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
BloFin ZRO-USDT
dYdX ZRO-USD
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD