Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Binance against KuCoin+0.021%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$930.934% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.021%, 7d avg −0.024%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.045% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1111	0.0100	pay 0.0050% / 4h	2h 50m	$2.9M	$986K	50x
Short	Binance POLUSDT	0.1111	0.0100	get 0.0050% / 4h	2h 50m	$17.1M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.024%: $4.5
Slippage, 4 orders: −$71.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$88.87
Costs to cover: 0.934%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 7 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 KuCoin live order book, 2 min ago	6.31 bp	35.5 bp −$36	141.4 bp −$1,414	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.45 bp	12.1 bp −$12	29.5 bp −$295	136.8 bp −$13.7K	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	−0.0312%	1h	0.1103	−0.702%	$203K	$202K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1110	−0.049%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1110	−0.051%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1111	+0.023%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.018%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0034%	4h	0.1111	−0.009%	$11K	$202K	20x	as long as short
ApeX Omni POLUSDT	+0.0050%	1h	0.1108	−0.252%	$196K	$643K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1111	+0.048%	$287K	$575K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1110	−0.028%	$369K	$275K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1111	+0.021%	$17.1M	$44.0M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1110	−0.036%	$16.0M	$12.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1111	+0.027%	$5.7M	$10.5M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1111	0.000%	$1.8M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1111	+0.027%	$24.0M	$3.6M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1111	long leg	$2.9M	$986K	50x
Bitget POLUSDT	+0.0100%	4h	0.1111	+0.018%	$4.1M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1111	−0.018%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1108	−0.281%	$614K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1108	−0.252%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1111	+0.001%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1110	−0.095%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0108%	1h	0.1113	+0.216%	$7.5M	$3.9M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1112	+0.095%	$1.2M	$1.3M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1111	+0.034%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1109	−0.171%	$911K	$155K	75x	as long as short