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 +0.011%

Price spread now: KuCoin against Bybit+0.027%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1111.111% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.027%, 7d avg +0.047%

Together, before fees+0.091%+$9 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 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1117	0.0100	pay 0.0050% / 4h	2h 29m	$16.1M	$16.4M	75x
Short	KuCoin POLUSDTM	0.1117	0.0100	get 0.0050% / 4h	2h 29m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.047%: −$2.06
Slippage, 4 orders: −$88.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.14
Costs to cover: 1.111%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: 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 Bybit live order book, 4 min ago	0.90 bp	15.0 bp −$15	37.3 bp −$373	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.73 bp	32.2 bp −$32	147.0 bp −$1,470	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	−0.0080%	1h	0.1111	−0.528%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1117	+0.033%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0036%	4h	0.1116	−0.054%	$11K	$208K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1117	+0.040%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1117	+0.004%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	+0.016%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.528%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0072%	1h	0.1115	−0.170%	$197K	$661K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1117	+0.049%	$312K	$559K	8x	as long as short
OKX POL-USDT-SWAP	+0.0099%	4h	0.1117	+0.027%	$5.8M	$12.2M	50x	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	0.1120	+0.251%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1117	+0.009%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1117	+0.040%	$17.1M	$51.8M	75x	as long as short
Bybit POLUSDTlong	+0.0100%	4h	0.1117	long leg	$16.1M	$16.4M	75x
Gate POL_USDT	+0.0100%	4h	0.1116	−0.045%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1117	+0.045%	$23.5M	$4.0M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1117	+0.027%	$2.8M	$1.1M	50x
Bitget POLUSDT	+0.0100%	4h	0.1118	+0.098%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1117	+0.027%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1115	−0.161%	$658K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1116	−0.087%	$1.1M	$3.4M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1117	+0.035%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1115	−0.162%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1117	+0.022%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	−0.098%	$903K	$168K	75x	as long as short