Funding you earn now, next payment 08:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.42 per $10,000 · paid last 24h +0.046%
Price spread now: Polymarket Perps against Kraken Futures−0.142%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1071.065% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.142%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Polymarket Perps is 0.112% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZROUSD | 1.1651 | 0.0432 | pay 0.0054% / 1h | 35m 51s | $253K | $298K | 25x |
| Short | Polymarket Perps ZRO-USD | 1.1634 | 0.0100 | get 0.0013% / 1h | 35m 51s | $98K | $813K | 5x |
Kraken Futures PF_ZROUSD
Polymarket Perps ZRO-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
- −$69.8
- Price spread: −0.142% → −0.031%
- −$11.18
- Slippage, 4 orders
- −$88.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$187.49
- Costs to cover
- 1.065%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Polymarket Perps: live order book, 27 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, 2 min ago | 39.04 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 27 min ago | 2.14 bp | 8.7 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | 0.0000% | 1h | 1.1639 | −0.097% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0064% | 1h | 1.1624 | −0.226% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0093% | 4h | 1.1629 | −0.185% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1653 | +0.019% | $4.3M | $1.2M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0100% | 4h | 1.1640 | −0.091% | $1.0M | $200K | 75x | as long as short |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1632 | −0.157% | $1.3M | $128K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1646 | −0.039% | $36.9M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1635 | −0.135% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1632 | −0.157% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1628 | −0.190% | $21.7M | $28.9M | 75x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
BloFin ZRO-USDT
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1621 | −0.254% | $17.8M | $13.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1630 | −0.177% | $3.2M | $7.6M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1640 | −0.091% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1629 | −0.185% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1633 | −0.151% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1624 | −0.228% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1626 | −0.211% | — | $21.8M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1618 | −0.278% | $2.3M | $771K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1700 | +0.424% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1634 | −0.142% | $98K | $813K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1621 | −0.252% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0190% | 1h | 1.1634 | −0.142% | $94K | $214K | 20x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1635 | −0.131% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDlong | +0.0432% | 1h | 1.1651 | long leg | $253K | $298K | 25x | |
| Extended ZRO-USD | +0.0656% | 1h | 1.1628 | −0.192% | $797K | $647K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1710 | +0.510% | $12K | $261K | 12x | as long as short |
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP