POL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0176%/8h= +19.2% APRnext payment +$0.22 per $10,000 · paid last 24h +0.101%

Price spread now: Extended against Kraken Futures−0.100%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 3 days (all we have)+0.722%+$72 · spread now −0.100%, 7d avg −0.077%

Together, before fees+0.848%+ Points / potential airdropExtended: Active · farm board+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.077%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.126% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1117	−0.0072	get 0.0009% / 1h	30m 14s	$1.2M	$1.8M	50x
Short	Extended POL-USD	0.1116	0.0104	get 0.0013% / 1h	30m 14s	$93K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.100%Rate

Funding earned: $36.88
Price spread: −0.100% → −0.077%: −$2.33
Slippage, 4 orders: −$63.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.51
Costs to cover: 0.781%
Break-even: 15.3 days

Slippage from Kraken Futures: live order book, 3 min ago; Extended: live order book, 57 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, 3 min ago	8.95 bp	20.0 bp −$20	67.2 bp −$672	doesn't fit	doesn't fit
Sell Extended live order book, 57 min ago	1.79 bp	15.5 bp −$15	148.8 bp −$1,488	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	−0.0080%	1h	0.1111	−0.561%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSDlong	−0.0072%	1h	0.1117	long leg	$1.2M	$1.8M	50x
Orderly PERP_POL_USDC	−0.0036%	4h	0.1116	−0.086%	$11K	$208K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1116	−0.095%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1116	−0.114%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	−0.017%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.561%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0039%	1h	0.1115	−0.203%	$197K	$660K	50x	as long as short
OKX POL-USDT-SWAP	+0.0092%	4h	0.1116	−0.069%	$5.8M	$12.1M	50x	as long as short
Lighter POL	+0.0096%	1h	0.1117	−0.059%	$312K	$559K	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	0.1119	+0.110%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1116	−0.123%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1116	−0.077%	$17.0M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1116	−0.140%	$16.1M	$16.4M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1116	−0.095%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1116	−0.095%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1117	−0.060%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1117	−0.051%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1116	−0.095%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1115	−0.194%	$658K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	−0.023%	$1.1M	$3.4M	10x	as long as short
Extended POL-USDshort	+0.0104%	1h	0.1116	−0.100%	$93K	$427K	10x
Aevo POL-PERP	+0.0104%	1h	0.1115	−0.195%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1117	−0.010%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	−0.131%	$903K	$168K	75x	as long as short