BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.009%

Price spread now: Kraken Futures against Polymarket Perps−0.001%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.333%−$133 on $10k

Price spread, last 3 days (all we have)−0.252%−$25 · spread now −0.001%, 7d avg −0.080%

Together, before fees−1.585%−$158 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.079% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −1.333%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	96.262	0.0050	pay 0.0006% / 1h	19m 09s	$1.5M	$527K	20x
Short	Kraken Futures PF_BRENTOILUSD	96.261	0.0113	get 0.0014% / 1h	19m 09s	$83K	$234K	20x

Funding 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 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 Polymarket PerpsbpFee Kraken FuturesbpOrdersPrice spread, now −0.001%Rate

Funding earned: $13.24
Price spread: −0.001% → −0.080%: $7.92
Slippage, 4 orders: −$33.96
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$30.8
Costs to cover: 0.520%
Break-even: 23.3 days

Slippage from Polymarket Perps: live order book, 4 min ago; Kraken Futures: live order book, 58 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, 4 min ago	3.17 bp	7.2 bp −$7	7.2 bp −$72	17.4 bp −$1,741	doesn't fit
Sell Kraken Futures live order book, 58 min ago	3.17 bp	20.3 bp −$20	34.4 bp −$344	doesn't fit	doesn't fit

BZ on 30 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 BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.215	−0.049%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.348	−0.949%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0112%	1h	96.250	−0.012%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.240	−0.023%	$103K	$275K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.199%	$232K	$551K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.195	−0.070%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−0.054%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.210	−0.054%	$145.8M	$454.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.220	−0.044%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.200	−0.064%	$15.8M	$26.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.190	−0.075%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.220	−0.044%	$27.6M	$20.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.172	−0.093%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.220	−0.044%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.230	−0.033%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.150	−0.116%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.320	+0.060%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0013%	4h	96.203	−0.062%	$220K	$233K	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	96.182	−0.083%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0036%	4h	96.190	−0.075%	$1.5M	$96K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.870	+3.748%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.247	−0.016%	$151.1M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	96.262	long leg	$1.5M	$527K	20x
Aftermath Perps BRENTUSD	+0.0075%	1h	96.270	+0.008%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.140	−0.127%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.170	−0.096%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0113%	1h	96.261	−0.001%	$83K	$234K	20x
Lighter BRENTOIL	+0.0304%	1h	96.240	−0.023%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0395%	1h	96.160	−0.106%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0592%	1h	96.116	−0.152%	$675K	$5.2M	10x	as long as short