POL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0176%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h −0.101%

Price spread now: Kraken Futures against Extended+0.029%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)−0.650%−$65 · spread now +0.029%, 7d avg +0.077%

Together, before fees−0.776%+ Points / potential airdropExtended: Active · farm board−$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.048% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1116	0.0104	pay 0.0013% / 1h	30m 31s	$93K	$427K	10x
Short	Kraken Futures PF_POLUSD	0.1117	−0.0072	pay 0.0009% / 1h	30m 31s	$1.2M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$36.89
Price spread: +0.029% → +0.077%: −$4.81
Slippage, 4 orders: −$63.06
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$119.76
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Extended: live order book, 57 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 Extended live order book, 57 min ago	1.79 bp	15.9 bp −$16	230.4 bp −$2,304	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-INTX	−0.0080%	1h	0.1111	−0.471%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0072%	1h	0.1117	+0.029%	$1.2M	$1.8M	50x
Orderly PERP_POL_USDC	−0.0036%	4h	0.1116	−0.059%	$11K	$208K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1116	−0.004%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1116	−0.024%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	+0.074%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.471%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0039%	1h	0.1115	−0.112%	$197K	$660K	50x	as long as short
OKX POL-USDT-SWAP	+0.0092%	4h	0.1116	−0.005%	$5.8M	$12.1M	50x	as long as short
Lighter POL	+0.0096%	1h	0.1116	+0.015%	$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	+0.201%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1116	−0.030%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1116	+0.013%	$17.0M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1116	−0.050%	$16.1M	$16.4M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1116	−0.005%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1116	−0.005%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1117	+0.031%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1117	+0.040%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1116	−0.005%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1115	−0.138%	$658K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	+0.067%	$1.1M	$3.4M	10x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1116	long leg	$93K	$427K	10x
Aevo POL-PERP	+0.0104%	1h	0.1115	−0.150%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1117	+0.029%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	−0.041%	$903K	$168K	75x	as long as short