Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.038%

Price spread now: KuCoin against Injective+0.981%55s7-day average +0.293% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.505%+$151 on $10k

Price spread, last 3 days (all we have)+1.200%+$120 · spread now +0.981%, 7d avg +0.293%

Together, before fees+2.705%+$271 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.688% dearer against Injective than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.293%. The two prices were read 55 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	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	0m 14s	$3K	$124K	12x
Short	KuCoin POLUSDTM	0.1122	0.0100	get 0.0050% / 4h	0m 14s	$3.0M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +0.981%Rate

Funding earned: $14
Price spread: +0.981% → +0.293%: $68.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $70.76
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: live order book, 34 min ago; KuCoin: live order book, 7 min ago. Net counts fees only.

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 Injective live order book, 34 min ago	76.20 bp	doesn't fit	doesn't fit	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	+0.630%	$205K	$215K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1122	+1.008%	$1.2M	$1.7M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	+0.890%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.971%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0012%	1h	0.1121	+0.936%	$17K	$3K	5x	as long as short
Orderly PERP_POL_USDC	+0.0014%	4h	0.1121	+0.900%	$11K	$183K	20x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Lighter POL	+0.0096%	1h	0.1121	+0.933%	$300K	$580K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.904%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1121	+0.900%	$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	+0.837%	$16.2M	$14.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	+0.882%	$5.8M	$11.3M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	+0.846%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	+0.918%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1122	+0.981%	$3.0M	$1.1M	50x
Bitget POLUSDT	+0.0100%	4h	0.1121	+0.945%	$4.2M	$5.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	+0.882%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	+0.774%	$662K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1120	+0.818%	$1.1M	$3.1M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.990%	$198K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	+0.887%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	+0.781%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1122	+0.963%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0228%	1h	0.1123	+1.089%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	+0.837%	$908K	$159K	75x	as long as short