Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0333%/8h= +36.5% APRpaid last 24h +0.059%

Price spread now: Bitget against Kraken Futures−0.092%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$25 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.092%, 7d avg −0.037%

Together, before fees+0.478%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.037%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.255% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1092	−0.0233	get 0.0029% / 1h	58m 47s	$1.2M	$994K	50x
Short	Bitget POLUSDT	0.1091	0.0100	get 0.0050% / 4h	58m 47s	$4.0M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.092%Rate

Funding earned: $69.98
Price spread: −0.092% → −0.037%: −$5.58
Slippage, 4 orders: −$42.87
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$0.47
Costs to cover: 0.649%
Break-even: 7.0 days

Slippage from Kraken Futures: live order book, 5 min ago; Bitget: live order book, 4 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 Kraken Futures live order book, 5 min ago	5.94 bp	16.3 bp −$16	53.8 bp −$538	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.29 bp	13.9 bp −$14	22.9 bp −$229	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	−0.0544%	1h	0.1088	−0.385%	$201K	$193K	50x	as long as short
Gate POL_USDT	−0.0334%	4h	0.1091	−0.129%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSDlong	−0.0233%	1h	0.1092	long leg	$1.2M	$994K	50x
OKX POL-USDT-SWAP	−0.0033%	4h	0.1090	−0.166%	$5.7M	$9.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1091	−0.090%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	+0.018%	$19K	$3K	5x	as long as short
Orderly PERP_POL_USDC	0.0000%	4h	0.1092	−0.047%	$11K	$1.6M	20x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1092	+0.009%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.721%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0091%	1h	0.1093	+0.073%	$194K	$641K	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1091	−0.119%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1092	+0.018%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	−0.055%	$362K	$174K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1090	−0.174%	$16.6M	$36.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1090	−0.166%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1090	−0.166%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1092	−0.001%	$2.9M	$916K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1091	−0.092%	$4.0M	$3.9M	50x
BingX POL-USDT	+0.0100%	4h	0.1090	−0.156%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	−0.073%	$604K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1092	−0.019%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1090	−0.204%	$91K	$332K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.156%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1092	+0.011%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	−0.101%	$897K	$146K	75x	as long as short