Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: GRVT against KuCoin−0.153%83s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.759% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 7 days+0.234%+$23 · spread now −0.153%, 7d avg +0.004%

Together, before fees−0.024%+ Points / potential airdropGRVT: Active · farm board−$2 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: GRVT is 0.157% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 83 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	KuCoin POLUSDTM	0.1122	0.0100	pay 0.0050% / 4h	3h 59m	$3.0M	$1.1M	50x
Short	GRVT POL_USDT_Perp	0.1120	0.0100	get 0.0050% / 4h	3h 59m	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → +0.004%: −$15.73
Slippage, 4 orders: −$54.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$91.64
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; GRVT: 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 KuCoin live order book, 7 min ago	4.46 bp	32.8 bp −$33	130.0 bp −$1,300	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.45 bp	15.3 bp −$15	28.6 bp −$286	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	−0.0128%	1h	0.1118	−0.339%	$205K	$215K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1122	+0.036%	$1.2M	$1.7M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.081%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	−0.001%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0012%	1h	0.1121	−0.036%	$17K	$3K	5x	as long as short
Orderly PERP_POL_USDC	+0.0014%	4h	0.1121	−0.071%	$11K	$183K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.963%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1121	−0.038%	$300K	$580K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	−0.074%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1121	−0.059%	$17.3M	$48.7M	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	0.1120	−0.116%	$16.2M	$14.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.089%	$5.8M	$11.3M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.125%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.053%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1122	long leg	$3.0M	$1.1M	50x
Bitget POLUSDT	+0.0100%	4h	0.1121	−0.027%	$4.2M	$5.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	−0.071%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	−0.196%	$662K	$183K	—	as long as short
GRVT POL_USDT_Perpshort	+0.0100%	4h	0.1120	−0.153%	$1.1M	$3.1M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.018%	$198K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.085%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.189%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1122	−0.009%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0229%	1h	0.1123	+0.116%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.134%	$908K	$159K	75x	as long as short