Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.038%
Price spread now: Injective against KuCoin+0.808%7-day average −0.284% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.505%−$151 on $10k
+Price spread, last 4 days (all we have)−4.537%−$454 · spread now +0.808%, 7d avg −0.284%
=The price spread pays, funding is against you. Injective is 1.092% dearer against KuCoin than usual: you sell high and buy low (spread +0.808% now, against its 7-day average of −0.284%): +$109 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 55 days. At the pace of the last 7 days (−1.505% in total) that is about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin POLUSDTM | 0.1102 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $2.9M | $975K | 50x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 39m 22s | $3K | $124K | 12x |
KuCoin POLUSDTM
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +0.808% → −0.284%
- $109.16
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $83.14
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 3 min ago; Injective: live order book, 45 min ago. 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, 3 min ago | 6.81 bp | 38.4 bp −$38 | 143.2 bp −$1,432 | doesn't fit | doesn't fit |
| Sell Injective live order book, 45 min ago | 86.09 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0464% | 1h | 0.1098 | −0.372% | $202K | $201K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | −0.094% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1103 | +0.046% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | −0.036% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | +0.808% | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0043% | 4h | 0.1101 | −0.136% | $11K | $299K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1101 | −0.070% | $284K | $564K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | −0.006% | $366K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1101 | −0.100% | $17.1M | $42.2M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1100 | −0.154% | $15.9M | $11.9M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1101 | −0.109% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.082% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1101 | −0.054% | $23.8M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTMlong | +0.0100% | 4h | 0.1102 | long leg | $2.9M | $975K | 50x | |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | −0.009% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1101 | −0.100% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1100 | −0.151% | $610K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1104 | +0.131% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1103 | +0.082% | $195K | $636K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1101 | −0.108% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1099 | −0.284% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | −0.046% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0231% | 1h | 0.1103 | +0.100% | $7.4M | $3.7M | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.0260% | 1h | 0.1102 | −0.015% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1103 | +0.073% | $912K | $166K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
Kraken Futures PF_POLUSD
BloFin POL-USDT