Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0288%/8h= +31.6% APRpaid last 24h +0.154%

Price spread now: GMX against KuCoin+0.110%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.110% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1103	0.0100	pay 0.0050% / 4h	1h 36m	$2.9M	$975K	50x
Short	GMX POL/USD [ETH-USDC]	0.1104	L +0.0210% / S −0.0388%	get 0.0049% / 1h	36m 24s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.110%Rate

Funding earned: $60.54
Price spread: +0.110% → 0.000%: $10.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $47.51
Costs to cover: 0.240%
Break-even: 1.5 days

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	6.81 bp	38.4 bp −$38	143.2 bp −$1,432	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	−0.0464%	1h	0.1098	−0.408%	$202K	$201K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1102	−0.010%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1103	+0.008%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1104	+0.118%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.771%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1103	+0.063%	$11K	$298K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1103	0.000%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1103	+0.008%	$367K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1104	+0.100%	$17.1M	$42.2M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1103	+0.027%	$15.9M	$11.9M	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	0.1103	+0.082%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1102	−0.009%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	+0.018%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1103	long leg	$2.9M	$975K	50x
Bitget POLUSDT	+0.0100%	4h	0.1103	+0.009%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1103	+0.073%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1100	−0.187%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.073%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1102	−0.045%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1103	+0.045%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.272%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1104	+0.110%	$3K	—	100x
Hyperliquid POL	+0.0226%	1h	0.1105	+0.181%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1102	−0.036%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1102	−0.063%	$911K	$166K	75x	as long as short