Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.047%
Price spread now: KuCoin against BloFin+0.214%80s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now +0.214%, 7d avg +0.051%
=The price spread pays, funding is against you. KuCoin is 0.163% dearer against BloFin than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.051%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.015% in total) that is about 2 months. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POL-USDT | 0.1120 | 0.0340 | pay 0.0170% / 4h | 3h 55m | $908K | $159K | 75x |
| Short | KuCoin POLUSDTM | 0.1123 | 0.0100 | get 0.0050% / 4h | 3h 55m | $3.0M | $1.0M | 50x |
BloFin POL-USDT
KuCoin POLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$50.4
- Price spread: +0.214% → +0.051%
- $16.32
- Slippage, 4 orders
- −$44.06
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$102.13
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 16 min ago; KuCoin: live order book, 11 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 BloFin live order book, 16 min ago | 0.89 bp | 15.9 bp −$16 | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 4.46 bp | 11.9 bp −$12 | 113.1 bp −$1,131 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0239% | 1h | 0.1122 | +0.203% | $1.2M | $1.4M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1118 | −0.187% | $205K | $215K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1121 | +0.104% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1120 | +0.036% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1122 | +0.170% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0014% | 4h | 0.1121 | +0.098% | $11K | $181K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.812% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1122 | +0.157% | $300K | $574K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.118% | $373K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1123 | +0.231% | $17.3M | $48.0M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1121 | +0.098% | $16.2M | $14.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1121 | +0.116% | $5.8M | $11.3M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1121 | +0.089% | $1.9M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1123 | +0.232% | $24.3M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTMshort | +0.0100% | 4h | 0.1123 | +0.214% | $3.0M | $1.0M | 50x | |
| Bitget POLUSDT | +0.0100% | 4h | 0.1123 | +0.214% | $4.2M | $5.1M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1122 | +0.152% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1120 | 0.000% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | +0.107% | $1.1M | $3.1M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1121 | +0.080% | $198K | $646K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1122 | +0.168% | $93K | $423K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1121 | +0.060% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0160% | 1h | 0.1124 | +0.348% | $7.6M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1122 | +0.182% | $3K | — | 100x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1120 | long leg | $908K | $159K | 75x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]