Funding you earn now, next payment 09:00 UTC−0.0635%/8h= −69.5% APRnext payment −$0.79 per $10,000 · paid last 24h −0.050%
Price spread now: Polymarket Perps against Kraken Futures−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Polymarket Perps is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NBISUSD | 227.76 | 0.0685 | pay 0.0086% / 1h | 35m 05s | $22K | $16K | 20x |
| Short | Polymarket Perps NBIS-USD | 227.70 | 0.0050 | get 0.0006% / 1h | 35m 05s | $135K | $466K | 10x |
Kraken Futures PF_NBISUSD
Polymarket Perps NBIS-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
- −$133.37
- Price spread: −0.027% → 0.000%
- −$2.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$154.05
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Polymarket Perps: live order book, 62 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 62 min ago | 2.60 bp | 7.4 bp −$7 | 7.7 bp −$77 | 38.9 bp −$3,889 | doesn't fit |
Kraken Futures: 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.
NBIS 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0272% | 8h | 227.80 | +0.017% | $2.3M | $4.5M | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.0008% | 1h | 227.95 | +0.083% | $353K | $801K | 10x | as long as short |
| BloFin NBIS-USDT | −0.0007% | 8h | 227.74 | −0.009% | $200K | $211K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 227.90 | +0.060% | $80K | $313K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 227.74 | −0.011% | $146K | $877K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 227.82 | +0.024% | $18.5M | $88.7M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 227.71 | −0.022% | $4.8M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 227.77 | +0.004% | $3.2M | $15.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 227.76 | −0.001% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 227.92 | +0.069% | $2.8M | $577K | — | as long as short |
Bitget NBISUSDT
Coinbase International NBIS-PERP-INTX
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBISShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 228.78 | +0.446% | $4K | $114K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 227.93 | +0.074% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 227.77 | +0.004% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 228.00 | +0.105% | $13K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 227.87 | +0.048% | $1.5M | $971K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 227.75 | −0.005% | $42K | $124K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 227.65 | −0.049% | — | $237K | 5x | as long as short |
| Polymarket Perps NBIS-USDshort | +0.0050% | 1h | 227.70 | −0.027% | $135K | $466K | 10x | |
| SoDEX NBIS-USD | +0.0050% | 1h | 227.75 | −0.005% | $64 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 227.85 | +0.039% | $148K | $537K | 10x | as long as short |
| QFEX NBIS-USD | +0.0064% | 1h | 227.86 | +0.043% | $1.5M | $3.7M | 10x | as long as short |
| Nado NBIS-PERP | +0.0066% | 1h | 227.81 | +0.022% | $38K | $116K | 3x | as long as short |
| tradeXYZ xyz:NBIS | +0.0080% | 1h | 227.70 | −0.027% | $53.1M | $21.5M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 227.74 | −0.009% | $468K | $60K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 227.88 | +0.052% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 227.81 | +0.022% | — | — | 10x | as long as short |
| Lighter NBIS | +0.0128% | 1h | 227.69 | −0.031% | $911K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0277% | 1h | 229.09 | +0.583% | $7K | $125K | 10x | as long as short |
| Entropy io:NBIS | +0.0305% | 1h | 228.18 | +0.184% | $9.9M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSDlong | +0.0685% | 1h | 227.76 | long leg | $22K | $16K | 20x | |
| edgeX NBISUSDC | +0.0808% | 4h | 228.81 | +0.460% | $37K | $227K | 10x | as long as short |
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
QFEX NBIS-USD
Nado NBIS-PERP
tradeXYZ xyz:NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC