Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.009%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.009%, 7d avg +0.029%

Together, before fees+0.125%+$12 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 0.038% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POLUSDT	0.1116	0.0100	pay 0.0050% / 4h	2h 36m	$4.1M	$6.0M	50x
Short	KuCoin POLUSDTM	0.1116	0.0100	get 0.0050% / 4h	2h 36m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.029%: −$3.77
Slippage, 4 orders: −$70.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.68
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 6 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 Bitget live order book, 2 min ago	2.24 bp	13.4 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.50 bp	28.7 bp −$29	141.3 bp −$1,413	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
ApeX Omni POLUSDT	−0.0154%	1h	0.1113	−0.242%	$197K	$661K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1111	−0.421%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1116	+0.038%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0036%	4h	0.1116	+0.009%	$11K	$209K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1115	−0.039%	$3K	—	—	as long as short
dYdX POL-USD	+0.0004%	1h	0.1116	+0.023%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1116	+0.045%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.421%	$3K	$124K	12x	as long as short
GRVT POL_USDT_Perp	+0.0064%	4h	0.1112	−0.358%	$1.1M	$3.5M	10x	as long as short
Lighter POL	+0.0096%	1h	0.1116	+0.009%	$312K	$559K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0098%	4h	0.1115	−0.018%	$5.8M	$12.1M	50x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1118	+0.188%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1116	+0.013%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1116	−0.009%	$17.0M	$51.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1115	−0.036%	$16.1M	$16.4M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1115	−0.054%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1115	−0.018%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1116	−0.009%	$2.8M	$1.1M	50x
Bitget POLUSDTlong	+0.0100%	4h	0.1116	long leg	$4.1M	$6.0M	50x
BingX POL-USDT	+0.0100%	4h	0.1115	−0.054%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1111	−0.394%	$657K	$211K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1115	−0.032%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1114	−0.137%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1116	+0.056%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1115	−0.018%	$905K	$168K	75x	as long as short