BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0052%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h +0.007%

Price spread now: Polymarket Perps against Kraken Futures+0.047%48s7-day average +0.074% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+1.269%+$127 on $10k

Price spread, last 4 days (all we have)+0.381%+$38 · spread now +0.047%, 7d avg +0.074%

Together, before fees+1.649%+$165 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.074%). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.269% in total) that is about 4 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	97.444	−0.0002	get 0.0000% / 1h	43m 25s	$82K	$198K	20x
Short	Polymarket Perps BRENTOIL-USD	97.490	0.0050	get 0.0006% / 1h	43m 25s	$1.6M	$370K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now +0.047%Rate

Funding earned: $10.83
Price spread: +0.047% → +0.074%: −$2.7
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: −$9.87
Costs to cover: 0.180%
Break-even: 13.4 days

Slippage unknown: Kraken Futures: live order book, 54 min ago; Polymarket Perps: live order book, just now. 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, 54 min ago	5.44 bp	11.6 bp −$12	19.7 bp −$197	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, just now	255.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BZ on 31 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 BRENT/USDC PERP	−0.0220%	1h	96.342	−1.131%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0160%	1h	97.450	+0.006%	$100K	$260K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0128%	1h	97.370	−0.076%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.037%	$237K	$402K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0039%	1h	97.340	−0.106%	$3.1M	$992K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.451	+0.007%	$2.4M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0026%	4h	97.340	−0.106%	$1.5M	$99K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0014%	4h	97.330	−0.117%	$14K	$332K	25x	as long as short
Kraken Futures PF_BRENTOILUSDlong	−0.0002%	1h	97.444	long leg	$82K	$198K	20x
Aster BZUSDT	0.0000%	4h	97.463	+0.019%	$339K	$761K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	0.0000%	4h	97.474	+0.032%	$149.1M	$353.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.440	−0.004%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.440	−0.004%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.410	−0.035%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.470	+0.027%	$28.0M	$18.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.339	−0.108%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.450	+0.006%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.380	−0.065%	$280K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.470	+0.027%	$1.2M	$85K	100x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.43	+4.091%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.011	+0.582%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.335	−0.112%	$223K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.430	−0.014%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.490	+0.048%	$753K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	97.438	−0.006%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.480	+0.037%	$155.6M	$116.1M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.490	+0.047%	$1.6M	$370K	20x
Aftermath Perps BRENTUSD	+0.0072%	1h	97.374	−0.071%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.440	−0.004%	$3.8M	$797K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.380	−0.065%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.445	+0.001%	$116K	—	111x	as long as short