BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.011%

Price spread now: Kraken Futures against Polymarket Perps−0.058%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.343%−$134 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now −0.058%, 7d avg −0.078%

Together, before fees−1.713%−$171 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −1.343%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BRENTOIL-USD	97.001	0.0050	pay 0.0006% / 1h	46m 33s	$1.5M	$446K	20x
Short	Kraken Futures PF_BRENTOILUSD	96.945	0.0298	get 0.0037% / 1h	46m 33s	$83K	$218K	20x

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 −0.058%Rate

Funding earned: $52.17
Price spread: −0.058% → −0.078%: $1.98
Slippage, 4 orders: −$28.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $7.5
Costs to cover: 0.467%
Break-even: 6.0 days

Slippage from Polymarket Perps: live order book, 2 min ago; Kraken Futures: live order book, 16 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, 2 min ago	1.86 bp	5.9 bp −$6	6.7 bp −$67	14.4 bp −$1,436	doesn't fit
Sell Kraken Futures live order book, 16 min ago	3.20 bp	16.1 bp −$16	34.1 bp −$341	doesn't fit	doesn't fit

BZ on 31 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 BRENT/USDC PERP	−0.0220%	1h	96.207	−0.819%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.197%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	96.930	−0.073%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0030%	4h	96.940	−0.063%	—	$87K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.917	−0.087%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.916	−0.087%	$146.5M	$375.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.910	−0.094%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−0.084%	$15.9M	$20.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.908	−0.096%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.870	−0.135%	$9.2M	$12.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.940	−0.063%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.006	+0.005%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.011%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.960	−0.042%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.073%	$103K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.084%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.900	−0.104%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	96.943	−0.059%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.463	+0.476%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	−0.084%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.929	−0.075%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.00	+4.123%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.911	−0.093%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.940	−0.063%	$151.9M	$125.7M	20x	as long as short
Polymarket Perps BRENTOIL-USDlong	+0.0050%	1h	97.001	long leg	$1.5M	$446K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.135%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.000	−0.001%	$3.8M	$875K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.930	−0.073%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0181% / S +0.0059%	1h	96.925	−0.078%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0194%	1h	96.969	−0.033%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0298%	1h	96.945	−0.058%	$83K	$218K	20x