Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h +0.098%

Price spread now: KuCoin against Kraken Futures−0.038%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1141.137% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.344%+$34 on $10k

Price spread, last 4 days (all we have)+1.221%+$122 · spread now −0.038%, 7d avg −0.019%

Together, before fees+1.565%+$156 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.344%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1106	0.0259	pay 0.0032% / 1h	12m 49s	$1.2M	$1.2M	50x
Short	KuCoin POLUSDTM	0.1105	0.0100	get 0.0050% / 4h	1h 12m	$2.9M	$973K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$33.46
Price spread: −0.038% → −0.019%: −$1.95
Slippage, 4 orders: −$91.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$149.06
Costs to cover: 1.137%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: 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, 1 min ago	10.85 bp	24.0 bp −$24	56.8 bp −$568	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	6.33 bp	26.0 bp −$26	124.7 bp −$1,247	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	−0.0464%	1h	0.1098	−0.698%	$202K	$198K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.065%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1105	−0.058%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	−0.009%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.477%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1105	−0.074%	$11K	$282K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1105	−0.025%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1105	−0.108%	$367K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1105	−0.095%	$17.2M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1104	−0.147%	$15.9M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1105	−0.102%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1104	−0.156%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1105	−0.038%	$24.2M	$3.6M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1105	−0.038%	$2.9M	$973K	50x
Bitget POLUSDT	+0.0100%	4h	0.1105	−0.029%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1105	−0.102%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1105	−0.062%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1106	+0.065%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	+0.025%	$196K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1105	−0.104%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1102	−0.324%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	+0.002%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0232%	1h	0.1107	+0.103%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSDlong	+0.0259%	1h	0.1106	long leg	$1.2M	$1.2M	50x
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.007%	$917K	$167K	75x	as long as short