POL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0862%/8h= +94.4% APRnext payment +$1.08 per $10,000 · paid last 24h +0.203%

Price spread now: GMX against Kraken Futures−0.102%53s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.102% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 9 hours of funding at the current rate (+$26 a day). The two prices were read 53 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	Kraken Futures PF_POLUSD	0.1097	−0.0474	get 0.0059% / 1h	56m 19s	$1.2M	$1.0M	50x
Short	GMX POL/USD [ETH-USDC]	0.1096	L +0.0210% / S −0.0388%	get 0.0049% / 1h	56m 19s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $180.98
Price spread: −0.102% → 0.000%: −$10.16
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $148.82
Costs to cover: 0.220%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; GMX: no order-book sample. 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 Kraken Futures live order book, 2 min ago	8.22 bp	14.7 bp −$15	62.1 bp −$621	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0600%	1h	0.1096	−0.057%	$201K	$182K	50x	as long as short
GRVT POL_USDT_Perp	−0.0568%	4h	0.1093	−0.321%	$1.1M	$2.9M	10x	as long as short
Kraken Futures PF_POLUSDlong	−0.0474%	1h	0.1097	long leg	$1.2M	$1.0M	50x
Bybit POLUSDT	−0.0313%	4h	0.1094	−0.230%	$15.7M	$9.6M	75x	as long as short
Gate POL_USDT	−0.0144%	4h	0.1095	−0.130%	$1.8M	$1.2M	75x	as long as short
OKX POL-USDT-SWAP	−0.0082%	4h	0.1094	−0.203%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0071%	4h	0.1095	−0.194%	$11K	$2.1M	20x	as long as short
ApeX Omni POLUSDT	−0.0018%	1h	0.1095	−0.148%	$194K	$641K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	−0.209%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1098	+0.092%	$19K	$3K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1096	−0.087%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.311%	$3K	$124K	12x	as long as short
Binance POLUSDT	+0.0067%	4h	0.1094	−0.227%	$16.7M	$36.3M	75x	as long as short
MEXC POL_USDT	+0.0068%	4h	0.1095	−0.175%	$25.2M	$3.4M	125x	as long as short
Extended POL-USD	+0.0072%	1h	0.1095	−0.155%	$92K	$520K	10x	as long as short
Lighter POL	+0.0096%	1h	0.1095	−0.121%	$274K	$537K	8x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1093	−0.302%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	−0.002%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1096	−0.033%	$363K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1096	−0.075%	$2.9M	$871K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	−0.175%	$4.0M	$4.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1094	−0.203%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	−0.326%	$604K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1096	−0.102%	$3K	—	100x
BloFin POL-USDT	+0.0276%	4h	0.1094	−0.285%	$900K	$146K	75x	as long as short