Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.155%

Price spread now: KuCoin against Coinbase International+0.264%7-day average +0.414% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.586%+$59 on $10k

Price spread, last 4 days (all we have)+1.530%+$153 · spread now +0.264%, 7d avg +0.414%

Together, before fees+2.116%+$212 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.150% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.264% now, against its 7-day average of +0.414%). If the spread goes back, that is −$15 on $10k: about 20 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.586% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1098	−0.0512	get 0.0064% / 1h	57m 19s	$202K	$198K	50x
Short	KuCoin POLUSDTM	0.1101	0.0100	get 0.0050% / 4h	3h 57m	$2.9M	$975K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.264%Rate

Funding earned: $128.52
Price spread: +0.264% → +0.414%: −$15.02
Slippage, 4 orders: −$98.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.05
Costs to cover: 1.206%
Break-even: 7.4 days

Slippage from Coinbase International: live order book, 60 min ago; KuCoin: live order book, 10 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, 60 min ago	13.68 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	5.90 bp	35.1 bp −$35	126.3 bp −$1,263	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	−0.0512%	1h	0.1098	long leg	$202K	$198K	50x
Gate POL_USDT	−0.0242%	4h	0.1100	+0.155%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1101	+0.238%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	+0.175%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1102	+0.337%	$17K	$2K	5x	as long as short
GRVT POL_USDT_Perp	+0.0002%	4h	0.1100	+0.200%	$1.1M	$2.8M	10x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.277%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.184%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1100	+0.164%	$11K	$244K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1101	+0.274%	$280K	$540K	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	0.1102	+0.364%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.255%	$365K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1100	+0.219%	$17.0M	$41.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	+0.173%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1100	+0.191%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.237%	$24.7M	$3.5M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1101	+0.264%	$2.9M	$975K	50x
Bitget POLUSDT	+0.0100%	4h	0.1100	+0.191%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1100	+0.209%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	+0.342%	$610K	$206K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1101	+0.273%	$195K	$638K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	+0.144%	$92K	$455K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	+0.059%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	+0.236%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	+0.273%	$911K	$169K	75x	as long as short