Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.001%

Price spread now: KuCoin against Extended+0.205%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.205%, 7d avg +0.060%

Together, before fees+0.092%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.145% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1092	0.0072	pay 0.0009% / 1h	57m 56s	$92K	$520K	10x
Short	KuCoin POLUSDTM	0.1095	0.0100	get 0.0050% / 4h	3h 57m	$2.9M	$868K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.205%Rate

Funding earned: $5.88
Price spread: +0.205% → +0.060%: $14.52
Slippage, 4 orders: −$78.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$75.36
Costs to cover: 0.958%
Break-even: 96.7 days

Slippage from Extended: live order book, 40 min ago; KuCoin: live order book, 9 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, 40 min ago	0.83 bp	15.1 bp −$15	248.6 bp −$2,486	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	5.50 bp	32.0 bp −$32	141.9 bp −$1,419	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
Bybit POLUSDT	−0.0657%	4h	0.1092	+0.004%	$15.7M	$9.5M	75x	as long as short
Coinbase International POL-PERP-INTX	−0.0600%	1h	0.1091	−0.133%	$202K	$177K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0475%	1h	0.1094	+0.138%	$1.2M	$1.0M	50x	as long as short
OKX POL-USDT-SWAP	−0.0074%	4h	0.1093	+0.050%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0069%	4h	0.1094	+0.105%	$11K	$2.1M	20x	as long as short
ApeX Omni POLUSDT	−0.0039%	1h	0.1092	−0.042%	$194K	$641K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	+0.127%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.228%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1095	+0.199%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.697%	$3K	$124K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT POL_USDT_Perp	+0.0034%	4h	0.1094	+0.153%	$1.1M	$2.9M	10x	as long as short
Binance POLUSDT	+0.0069%	4h	0.1093	+0.027%	$16.7M	$36.3M	75x	as long as short
Extended POL-USDlong	+0.0072%	1h	0.1092	long leg	$92K	$520K	10x
MEXC POL_USDT	+0.0072%	4h	0.1094	+0.114%	$25.1M	$3.4M	125x	as long as short
Lighter POL	+0.0096%	1h	0.1093	+0.093%	$276K	$535K	8x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1093	+0.015%	$40K	—	3x	as long as short
Gate POL_USDT	+0.0098%	4h	0.1094	+0.105%	$1.8M	$1.2M	75x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.214%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	+0.101%	$362K	$167K	20x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1095	+0.205%	$2.9M	$868K	50x
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.077%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1094	+0.114%	—	$7.1M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	+0.054%	$604K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1095	+0.203%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0293%	4h	0.1094	+0.150%	$894K	$146K	75x	as long as short