POL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.075%

Price spread now: Kraken Futures against Coinbase International+0.564%7-day average +0.443% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)+0.702%+$70 · spread now +0.564%, 7d avg +0.443%

Together, before fees+0.878%+$88 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: Kraken Futures is 0.121% dearer against Coinbase International than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.443%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1111	−0.0080	get 0.0010% / 1h	30m 02s	$202K	$254K	50x
Short	Kraken Futures PF_POLUSD	0.1117	−0.0072	pay 0.0009% / 1h	30m 02s	$1.2M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.564%Rate

Funding earned: $1.76
Price spread: +0.564% → +0.443%: $12.14
Slippage, 4 orders: −$78.77
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$84.86
Costs to cover: 0.988%
Break-even: 344.0 days

Slippage from Coinbase International: live order book, 58 min ago; Kraken Futures: 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 Coinbase International live order book, 58 min ago	8.94 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	8.95 bp	26.7 bp −$27	258.7 bp −$2,587	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-INTXlong	−0.0080%	1h	0.1111	long leg	$202K	$254K	50x
Kraken Futures PF_POLUSDshort	−0.0072%	1h	0.1117	+0.564%	$1.2M	$1.8M	50x
Orderly PERP_POL_USDC	−0.0036%	4h	0.1116	+0.477%	$11K	$208K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1116	+0.469%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1116	+0.449%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	+0.547%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	0.000%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0039%	1h	0.1115	+0.360%	$197K	$660K	50x	as long as short
OKX POL-USDT-SWAP	+0.0096%	4h	0.1116	+0.495%	$5.8M	$12.1M	50x	as long as short
Lighter POL	+0.0096%	1h	0.1117	+0.505%	$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
Hyperliquid POL	+0.0100%	1h	0.1119	+0.702%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1116	+0.441%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1117	+0.496%	$17.0M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1116	+0.423%	$16.1M	$16.4M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1116	+0.468%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1117	+0.504%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1117	+0.504%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1117	+0.531%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1117	+0.513%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1115	+0.369%	$658K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	+0.541%	$1.1M	$3.4M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1116	+0.463%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1115	+0.368%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1117	+0.554%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	+0.432%	$903K	$168K	75x	as long as short