Funding you earn now, next payment 07:00 UTC+0.1098%/8h= +120.2% APRnext payment +$1.37 per $10,000 · paid last 24h +0.649%
Price spread now: Kraken Futures against Polymarket Perps+0.085%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs+$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days+2.682%+$268 on $10k
+Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.085%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Kraken Futures is 0.041% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NAS100-USD | 30,474 | 0.0050 | pay 0.0006% / 1h | 38m 50s | $7.2M | $2.0M | 50x |
| Short | Kraken Futures PF_US100USD | 30,499.9 | 0.1148 | get 0.0143% / 1h | 38m 50s | $137K | $137K | 20x |
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USDFunding 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
- $230.56
- Price spread: +0.085% → +0.044%
- $4.15
- Slippage, 4 orders
- −$42.99
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $173.72
- Costs to cover
- 0.610%
- Break-even
- 1.7 days
Slippage from Polymarket Perps: live order book, 5 min ago; Kraken Futures: live order book, 3 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, 5 min ago | 0.16 bp | 4.2 bp −$4 | 4.5 bp −$45 | 5.5 bp −$548 | 10.9 bp −$5,428 |
| Sell Kraken Futures live order book, 3 min ago | 19.18 bp | 24.2 bp −$24 | 51.5 bp −$515 | doesn't fit | doesn't fit |
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 | −0.0282% | 8h | 30,459.2 | −0.049% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,433.9 | −0.132% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0067% | 8h | 30,473 | −0.003% | $24.3M | $20.4M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,450 | −0.079% | $263K | $373K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,513 | +0.128% | $3.5M | $602K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,472.8 | −0.004% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,421.2 | −0.173% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,472 | −0.007% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,466 | −0.026% | $4.0M | $96.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,476.5 | +0.008% | $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 | 30,768.8 | +0.967% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,466.9 | −0.023% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USDlong | +0.0050% | 1h | 30,474 | long leg | $7.2M | $2.0M | 50x | |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,471.8 | −0.007% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USDshort | +0.1148% | 1h | 30,499.9 | +0.085% | $137K | $137K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Ondo Perps US100-USD.P