Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Binance−0.027%7-day average +0.025% · 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−$100as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.027%, 7d avg +0.025%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.052% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1092	0.0100	pay 0.0050% / 4h	2h 19m	$16.7M	$38.1M	75x
Short	KuCoin POLUSDTM	0.1092	0.0100	get 0.0050% / 4h	2h 19m	$2.9M	$940K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.025%: −$5.21
Slippage, 4 orders: −$73.26
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$100.47
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 3 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, 7 min ago	0.46 bp	10.8 bp −$11	23.0 bp −$230	179.2 bp −$17.9K	doesn't fit
Sell KuCoin live order book, 3 min ago	5.98 bp	32.0 bp −$32	148.8 bp −$1,488	doesn't fit	doesn't fit

POL on 25 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	−0.0480%	1h	0.1081	−1.053%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0200%	4h	0.1091	−0.101%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1093	+0.042%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.037%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	−0.055%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1093	+0.035%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.693%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0036%	4h	0.1092	0.000%	$11K	$986K	20x	as long as short
ApeX Omni POLUSDT	+0.0096%	1h	0.1084	−0.778%	$192K	$629K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1092	−0.066%	$277K	$543K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1094	+0.137%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	+0.044%	$362K	$240K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1092	long leg	$16.7M	$38.1M	75x
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.027%	$15.7M	$10.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1092	−0.009%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1092	−0.027%	$24.6M	$3.2M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1092	−0.027%	$2.9M	$940K	50x
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.018%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1092	−0.009%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1087	−0.493%	$601K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	−0.681%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.046%	$91K	$265K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.128%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.046%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1089	−0.357%	$891K	$160K	75x	as long as short