Funding you earn now, next payment 12:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h +0.024%
Price spread now: Kraken Futures against Polymarket Perps+0.155%48s7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as 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−$490.485% of the position
Funding, last 7 days+0.305%+$31 on $10k
+Price spread, last 4 days (all we have)+0.486%+$49 · spread now +0.155%, 7d avg +0.090%
=The price spread pays, funding is against you. Kraken Futures is 0.064% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.090%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.305%, so the current rate has only just turned against you. 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 | Polymarket Perps ARB-USD | 0.2173 | −0.0276 | get 0.0034% / 1h | 26m 20s | $76K | $1.6M | 10x |
| Short | Kraken Futures PF_ARBUSD | 0.2176 | −0.0488 | pay 0.0061% / 1h | 26m 20s | $1.1M | $3.9M | 50x |
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDFunding 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
- −$44.63
- Price spread: +0.155% → +0.090%
- $6.44
- Slippage, 4 orders
- −$30.55
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$86.73
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; Kraken Futures: live order book, 6 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 | 2.77 bp | 7.1 bp −$7 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 9.43 bp | 17.9 bp −$18 | 27.3 bp −$273 | 512.8 bp −$51.3K | doesn't fit |
ARB on 36 exchanges
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 | −0.1644% | 1h | 0.2163 | −0.456% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSDshort | −0.0488% | 1h | 0.2176 | +0.155% | $1.1M | $3.9M | 50x | |
| Polymarket Perps ARB-USDlong | −0.0276% | 1h | 0.2173 | long leg | $76K | $1.6M | 10x | |
| OKX ARB-USDT-SWAP | −0.0187% | 8h | 0.2174 | +0.051% | $22.6M | $129.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0185% | 8h | 0.2173 | 0.000% | $42.8M | $59.6M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2174 | +0.046% | $7K | $402 | 10x | as long as short |
| Bybit ARBUSDT | −0.0135% | 8h | 0.2173 | +0.005% | $54.0M | $113.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0129% | 1h | 0.2174 | +0.069% | $9K | $1.8M | 5x | as long as short |
| Gate ARB_USDT | −0.0100% | 8h | 0.2174 | +0.041% | $5.5M | $15.4M | 60x | as long as short |
| Variational Omni ARB | −0.0066% | 8h | 0.2170 | −0.150% | $1.8M | $2.5M | — | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Bybit ARBUSDT
SoDEX ARB-USD
Gate ARB_USDT
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0057% | 8h | 0.2173 | −0.014% | $63.6M | $259.3M | 75x | as long as short |
| Extended ARB-USD | −0.0056% | 1h | 0.2173 | +0.004% | $358K | $3.0M | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0004% | 8h | 0.2174 | +0.051% | $16K | $379K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2175 | +0.116% | $64K | $3K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2175 | +0.110% | $29K | $32K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2174 | +0.049% | $72K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0060% | 8h | 0.2175 | +0.074% | $3.0M | $2.0M | 75x | as long as short |
| Aevo ARB-PERP | +0.0064% | 1h | 0.2175 | +0.099% | $138K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2175 | +0.074% | $1.3M | $5.0M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2174 | +0.069% | $35.0M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2173 | +0.006% | $623K | $1.5M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2176 | +0.140% | $54K | $147K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2175 | +0.074% | $18.9M | $12.2M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2174 | +0.051% | $21.0M | $30.1M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2173 | +0.014% | — | $29.4M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2170 | −0.145% | $38K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2171 | −0.087% | $465K | $3.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2171 | −0.087% | $117K | $306K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2178 | +0.235% | $2K | $985K | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2176 | +0.129% | $282K | $698K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2174 | +0.051% | $4.7M | $12.4M | 50x | as long as short |
| RISEx ARB/USDC | +0.0276% | 1h | 0.2176 | +0.129% | $538K | $2.2M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0279% / S −0.0162% | 1h | 0.2174 | +0.045% | $831K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0287% | 1h | 0.2172 | −0.054% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0305% | 1h | 0.2177 | +0.189% | $969K | $2.2M | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0384% | 1h | 0.2176 | +0.143% | $518K | $1.2M | 50x | as long as short |
Binance ARBUSDT
Extended ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
Coinbase International ARB-PERP-INTX