Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.093%

Price spread now: Gate against Kraken Futures−0.070%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)+0.236%+$24 · spread now −0.070%, 7d avg −0.091%

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.021% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1121	−0.0072	get 0.0009% / 1h	7m 16s	$1.2M	$1.8M	50x
Short	Gate POL_USDT	0.1120	0.0100	get 0.0050% / 4h	7m 16s	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.070%Rate

Funding earned: $36.03
Price spread: −0.070% → −0.091%: $2.14
Slippage, 4 orders: −$51.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.68
Costs to cover: 0.769%
Break-even: 14.5 days

Slippage from Kraken Futures: live order book, 1 min ago; Gate: live order book, 5 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	5.79 bp	11.6 bp −$12	48.6 bp −$486	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.02 bp	19.8 bp −$20	180.8 bp −$1,808	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	−0.257%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSDlong	−0.0072%	1h	0.1121	long leg	$1.2M	$1.8M	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.140%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	−0.071%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0013%	4h	0.1119	−0.150%	$11K	$185K	20x	as long as short
dYdX POL-USD	+0.0013%	1h	0.1121	+0.014%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.882%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	−0.074%	$300K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	−0.079%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	−0.070%	$17.3M	$49.7M	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	0.1119	−0.141%	$16.1M	$15.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.079%	$5.8M	$11.6M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1120	−0.070%	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1120	−0.088%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	−0.079%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	−0.106%	$4.1M	$5.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1119	−0.132%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.343%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	−0.019%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1121	+0.010%	$198K	$649K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	−0.144%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.289%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1120	−0.058%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0222%	1h	0.1121	+0.055%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	+0.037%	$910K	$163K	75x	as long as short