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 +0.027%

Price spread now: KuCoin against GRVT+0.153%83s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.759% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 7 days−0.235%−$23 · spread now +0.153%, 7d avg −0.004%

Together, before fees+0.023%+ Points / potential airdropGRVT: Active · farm board+$2 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 0.158% dearer against GRVT than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POL_USDT_Perp	0.1120	0.0100	pay 0.0050% / 4h	0m 02s	$1.1M	$3.1M	10x
Short	KuCoin POLUSDTM	0.1122	0.0100	get 0.0050% / 4h	0m 02s	$3.0M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → −0.004%: $15.76
Slippage, 4 orders: −$54.9
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.15
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; KuCoin: live order book, 7 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 GRVT live order book, 4 min ago	0.45 bp	15.9 bp −$16	23.9 bp −$239	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.46 bp	11.9 bp −$12	113.1 bp −$1,131	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	−0.0128%	1h	0.1118	−0.186%	$205K	$215K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1122	+0.189%	$1.2M	$1.7M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	+0.072%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.152%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0012%	1h	0.1121	+0.118%	$17K	$3K	5x	as long as short
Orderly PERP_POL_USDC	+0.0014%	4h	0.1121	+0.082%	$11K	$183K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.811%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1121	+0.115%	$300K	$580K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.079%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1121	+0.094%	$17.3M	$48.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	+0.037%	$16.2M	$14.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	+0.064%	$5.8M	$11.3M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	+0.028%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	+0.100%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1122	+0.153%	$3.0M	$1.1M	50x
Bitget POLUSDT	+0.0100%	4h	0.1121	+0.127%	$4.2M	$5.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	+0.082%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	−0.043%	$662K	$183K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1120	long leg	$1.1M	$3.1M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.171%	$198K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	+0.069%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.036%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1122	+0.144%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0229%	1h	0.1123	+0.269%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	+0.019%	$908K	$159K	75x	as long as short