Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.115%

Price spread now: Kraken Futures against Binance−0.078%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.078%, 7d avg +0.048%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.126% cheaper against Binance than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.048%). If the spread goes back, that is −$13 on $10k: about 26 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.135%, 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	Binance POLUSDT	0.1107	0.0100	pay 0.0050% / 4h	2h 26m	$17.1M	$44.0M	75x
Short	Kraken Futures PF_POLUSD	0.1106	0.0116	get 0.0015% / 1h	26m 46s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.078%Rate

Funding earned: $3.45
Price spread: −0.078% → +0.048%: −$12.59
Slippage, 4 orders: −$41.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$70.99
Costs to cover: 0.619%
Break-even: 151.0 days

Slippage from Binance: live order book, 15 min ago; Kraken Futures: live order book, 2 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 Binance live order book, 15 min ago	0.45 bp	10.5 bp −$10	22.6 bp −$226	176.2 bp −$17.6K	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.32 bp	32.7 bp −$33	57.6 bp −$576	doesn't fit	doesn't fit

POL on 24 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
Coinbase International POL-PERP-INTX	−0.0312%	1h	0.1101	−0.534%	$203K	$204K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1106	−0.080%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1106	−0.102%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	−0.045%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.370%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1105	−0.145%	$11K	$327K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1107	−0.028%	$286K	$576K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1106	−0.073%	$368K	$276K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1107	long leg	$17.1M	$44.0M	75x
Bybit POLUSDT	+0.0100%	4h	0.1106	−0.073%	$16.0M	$12.4M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1107	−0.001%	$5.7M	$10.5M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1105	−0.163%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	−0.037%	$23.9M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	−0.046%	$2.9M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1107	−0.019%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1106	−0.100%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.346%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1103	−0.343%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1105	−0.172%	$196K	$641K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	−0.117%	$95K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.263%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSDshort	+0.0116%	1h	0.1106	−0.078%	$1.2M	$1.2M	50x
Hyperliquid POL	+0.0199%	1h	0.1108	+0.108%	$7.5M	$3.8M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	−0.064%	$3K	—	100x	as long as short