Funding you earn now, next payment 06:00 UTC−0.1644%/8h= −180.0% APRnext payment −$2.05 per $10,000 · paid last 24h −0.675%
Price spread now: Polymarket Perps against Kraken Futures+0.031%48s7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$328as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.580% of the position
Funding, last 7 days−2.705%−$270 on $10k
+Price spread, last 4 days (all we have)+0.585%+$59 · spread now +0.031%, 7d avg −0.044%
=The price spread pays, funding is against you. Polymarket Perps is 0.075% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.044%): +$7 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in 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_US100USD | 30,510.6 | 0.1694 | pay 0.0212% / 1h | 4m 25s | $137K | $137K | 20x |
| Short | Polymarket Perps NAS100-USD | 30,520 | 0.0050 | get 0.0006% / 1h | 4m 25s | $7.2M | $1.9M | 50x |
Kraken Futures PF_US100USD
Polymarket Perps NAS100-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
- −$345.2
- Price spread: +0.031% → −0.044%
- $7.49
- Slippage, 4 orders
- −$39.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$395.7
- Costs to cover
- 0.580%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 43 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, 43 min ago | 19.00 bp | 24.0 bp −$24 | 47.8 bp −$478 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 0.82 bp | 5.0 bp −$5 | 5.4 bp −$54 | 6.2 bp −$622 | 11.4 bp −$5,707 |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0268% | 8h | 30,507.3 | −0.011% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,464.4 | −0.151% | $1.9M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0068% | 8h | 30,520 | +0.031% | $23.8M | $20.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,463 | −0.156% | $262K | $372K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,515 | +0.014% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,522.4 | +0.039% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,456.2 | −0.179% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,522 | +0.037% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,515 | +0.014% | $4.1M | $98.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,519.9 | +0.030% | $2.0M | $5.9M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,812.1 | +0.988% | — | $203.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,512.9 | +0.007% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDshort | +0.0050% | 1h | 30,520 | +0.031% | $7.2M | $1.9M | 50x | |
| Ondo Perps US100-USD.P | +0.0096% | 1h | 30,526.4 | +0.052% | $6.1M | $8.7M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.1694% | 1h | 30,510.6 | long leg | $137K | $137K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P