Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.185%

Price spread now: Coinbase International against KuCoin−0.027%7-day average −0.422% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1321.319% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.537%−$54 on $10k

Price spread, last 3 days (all we have)−1.336%−$134 · spread now −0.027%, 7d avg −0.422%

Together, before fees−1.873%−$187 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.395% dearer against KuCoin than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.422%): +$40 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1126	0.0100	pay 0.0050% / 4h	1h 32m	$2.8M	$1.1M	50x
Short	Coinbase International POL-PERP-INTX	0.1126	−0.0128	pay 0.0016% / 1h	32m 52s	$205K	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$47.88
Price spread: −0.027% → −0.422%: $39.54
Slippage, 4 orders: −$109.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$140.29
Costs to cover: 1.319%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 50 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, 4 min ago	4.44 bp	45.6 bp −$46	148.1 bp −$1,481	doesn't fit	doesn't fit
Sell Coinbase International live order book, 50 min ago	8.92 bp	37.9 bp −$38	doesn't fit	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.358%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTXshort	−0.0128%	1h	0.1126	−0.027%	$205K	$233K	50x
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1127	+0.057%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0021%	4h	0.1126	−0.009%	$11K	$200K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1126	−0.033%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1127	+0.051%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1127	+0.061%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1127	+0.018%	$308K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1126	−0.009%	$375K	$357K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	−0.015%	$17.2M	$51.5M	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	0.1125	−0.089%	$16.2M	$15.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1126	−0.062%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	−0.062%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1126	−0.009%	$23.8M	$3.8M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1126	long leg	$2.8M	$1.1M	50x
Bitget POLUSDT	+0.0100%	4h	0.1127	+0.071%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1126	−0.036%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.105%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	−0.038%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1126	−0.027%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1126	−0.037%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1125	−0.126%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0158%	1h	0.1129	+0.195%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1127	+0.039%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1126	−0.009%	$904K	$170K	75x	as long as short