POL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0312%/8h= −34.1% APRnext payment −$0.39 per $10,000 · paid last 24h −0.087%

Price spread now: Coinbase International against Kraken Futures−0.612%7-day average −0.418% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1731.727% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 4 days (all we have)−0.321%−$32 · spread now −0.612%, 7d avg −0.418%

Together, before fees−0.620%−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.194% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.418%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1097	−0.0232	get 0.0029% / 1h	41m 58s	$1.2M	$995K	50x
Short	Coinbase International POL-PERP-INTX	0.1090	−0.0544	pay 0.0068% / 1h	41m 58s	$202K	$179K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.612%Rate

Funding earned: −$65.47
Price spread: −0.612% → −0.418%: −$19.35
Slippage, 4 orders: −$152.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$257.53
Costs to cover: 1.727%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 61 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, 1 min ago	7.30 bp	18.1 bp −$18	55.9 bp −$559	doesn't fit	doesn't fit
Sell Coinbase International live order book, 61 min ago	13.74 bp	102.8 bp −$103	doesn't fit	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-INTXshort	−0.0544%	1h	0.1090	−0.612%	$202K	$179K	50x
Gate POL_USDT	−0.0278%	4h	0.1095	−0.129%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSDlong	−0.0232%	1h	0.1097	long leg	$1.2M	$995K	50x
OKX POL-USDT-SWAP	−0.0022%	4h	0.1096	−0.101%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0013%	4h	0.1096	−0.028%	$11K	$1.7M	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1096	−0.059%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	−0.094%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1097	+0.014%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.303%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1096	−0.052%	$277K	$543K	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	0.1097	+0.044%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1096	−0.052%	$363K	$169K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1095	−0.113%	$16.7M	$36.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1095	−0.156%	$15.7M	$9.5M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1095	−0.120%	$25.1M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1096	−0.065%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1096	−0.074%	$4.1M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1096	−0.092%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1095	−0.180%	$605K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	−0.185%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1095	−0.156%	$194K	$643K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1095	−0.133%	$91K	$522K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1095	−0.111%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1097	+0.025%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1095	−0.174%	$898K	$146K	75x	as long as short