LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0265%/8h= +29.0% APRnext payment +$0.33 per $10,000 · paid last 24h +0.010%

Price spread now: Kraken Futures against Polymarket Perps−0.101%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.343%+$34 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.101% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 30 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LINK-USD	13.166	0.0100	pay 0.0013% / 1h	3m 46s	$82K	$69K	10x
Short	Kraken Futures PF_LINKUSD	13.153	0.0365	get 0.0046% / 1h	3m 46s	$6.9M	$8.0M	50x

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 −0.101%Rate

Funding earned: $55.67
Price spread: −0.101% → 0.000%: −$10.1
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $27.57
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: Polymarket Perps: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	1.52 bp	9.7 bp −$10	13.0 bp −$130	62.2 bp −$6,215	doesn't fit

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 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 LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.161	−0.041%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.163	−0.024%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.161	−0.041%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.818%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.181	+0.116%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0046%	1h	13.159	−0.051%	$781K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.154	−0.091%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.112	−0.407%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.176	+0.073%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.159	−0.051%	$403K	$307K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.129	−0.278%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.116	−0.383%	$275K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.113	−0.405%	$121.7M	$297.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.100	−0.501%	$84.4M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.096	−0.532%	$27.5M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.179	+0.099%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.134	−0.243%	$130.1M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.098	−0.516%	$35.8M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.123	−0.327%	$22.9M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.120	−0.349%	$54.4M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.117	−0.372%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	−0.159%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	+0.078%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	+0.137%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.199	+0.251%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USDlong	+0.0100%	1h	13.166	long leg	$82K	$69K	10x
Derive LINK-PERP	+0.0100%	1h	13.154	−0.094%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.164	−0.015%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.150	−0.122%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.158	−0.064%	$648K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.124	−0.321%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.159	−0.057%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.159	−0.053%	$998K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0155%	1h	13.149	−0.129%	$364K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.150	−0.122%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSDshort	+0.0365%	1h	13.153	−0.101%	$6.9M	$8.0M	50x
Reya LINKRUSDPERP	+0.0382%	1h	13.159	−0.054%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0434%	1h	13.120	−0.347%	$348K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0517%	8h	13.159	−0.053%	$20.4M	$11.5M	50x	as long as short
Hyperliquid LINK	+0.0539%	1h	13.138	−0.213%	$81.1M	$25.0M	10x	as long as short