ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0351%/8h= +38.4% APRnext payment +$0.44 per $10,000 · paid last 24h −0.027%

Price spread now: Polymarket Perps against Kraken Futures−0.095%48s7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$500.496% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 3 days (all we have)−2.698%−$270 · spread now −0.095%, 7d avg −0.095%

Together, before fees−3.019%−$302 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.321%, so the current rate has only just turned in your favour. 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_ARBUSD	0.2258	−0.0312	get 0.0039% / 1h	31m 21s	$1.2M	$5.2M	50x
Short	Polymarket Perps ARB-USD	0.2256	0.0038	get 0.0005% / 1h	31m 21s	$71K	$2.3M	10x

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 −0.095%Rate

Funding earned: $73.7
Price spread: −0.095% → −0.095%: −$0.03
Slippage, 4 orders: −$31.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $24.06
Costs to cover: 0.496%
Break-even: 4.7 days

Slippage from Kraken Futures: live order book, 3 min ago; Polymarket Perps: 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 Kraken Futures live order book, 3 min ago	9.98 bp	21.2 bp −$21	29.2 bp −$292	641.2 bp −$64.1K	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.67 bp	6.7 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit

ARB on 36 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 ARB/USDC PERP	−0.0803%	1h	0.2245	−0.565%	$40K	$107K	12x	as long as short
Kraken Futures PF_ARBUSDlong	−0.0312%	1h	0.2258	long leg	$1.2M	$5.2M	50x
Bybit ARBUSDT	−0.0302%	8h	0.2255	−0.140%	$58.5M	$134.0M	50x	as long as short
SoDEX ARB-USD	−0.0199%	1h	0.2255	−0.144%	$5K	$2.9M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0193%	1h	0.2256	−0.060%	$37K	$18K	25x	as long as short
Variational Omni ARB	−0.0187%	8h	0.2254	−0.176%	$1.9M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0120%	1h	0.2255	−0.118%	$7K	$2K	10x	as long as short
ApeX Omni ARBUSDT	−0.0120%	1h	0.2254	−0.166%	$124K	$275K	50x	as long as short
OKX ARB-USDT-SWAP	−0.0043%	8h	0.2255	−0.144%	$23.2M	$166.6M	50x	as long as short
MEXC ARB_USDT	−0.0042%	8h	0.2255	−0.113%	$38.4M	$63.5M	200x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2257	−0.037%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2257	−0.039%	$60K	—	150x	as long as short
Orderly PERP_ARB_USDC	+0.0007%	8h	0.2255	−0.122%	$10K	$385K	10x	as long as short
Binance ARBUSDT	+0.0021%	8h	0.2255	−0.126%	$64.5M	$323.3M	75x	as long as short
Extended ARB-USD	+0.0024%	1h	0.2253	−0.192%	$358K	$2.5M	25x	as long as short
Polymarket Perps ARB-USDshort	+0.0038%	1h	0.2256	−0.095%	$71K	$2.3M	10x
Gate ARB_USDT	+0.0055%	8h	0.2255	−0.122%	$5.5M	$21.8M	60x	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2258	+0.032%	$148K	$12K	3x	as long as short
BloFin ARB-USDT	+0.0093%	8h	0.2253	−0.193%	$3.0M	$3.3M	75x	as long as short
Bitget ARBUSDT	+0.0095%	8h	0.2255	−0.122%	$21.2M	$38.9M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2256	−0.064%	$1.4M	$7.7M	15x	as long as short
BingX ARB-USDT	+0.0099%	8h	0.2255	−0.135%	—	$53.9M	—	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2258	−0.002%	$41.0M	$52.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2255	−0.135%	$709K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2256	−0.090%	$51K	$203K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2256	−0.055%	$20.8M	$17.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2251	−0.308%	$38K	$450K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2252	−0.256%	$484K	$4.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2259	+0.055%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2255	−0.135%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2258	+0.011%	$5.5M	$13.9M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0169%	1h	0.2256	−0.063%	$830K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2254	−0.162%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0312%	1h	0.2259	+0.055%	$511K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0480%	1h	0.2260	+0.077%	$1.1M	$2.9M	20x	as long as short
RISEx ARB/USDC	+0.0621%	1h	0.2258	+0.004%	$530K	$2.9M	10x	as long as short