Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.032%

Price spread now: Reya against KuCoin−0.106%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.106% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1101	0.0100	pay 0.0050% / 4h	3h 02m	$2.9M	$782K	50x
Short	Reya POLRUSDPERP	0.1100	−0.0006	pay 0.0001% / 1h	2m 00s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.106%Rate

Funding earned: −$22.28
Price spread: −0.106% → 0.000%: −$10.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$50.89
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Reya: 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, 5 min ago	4.99 bp	42.8 bp −$43	158.9 bp −$1,589	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0600%	1h	0.1100	−0.100%	$200K	$181K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0471%	1h	0.1101	+0.032%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0186%	4h	0.1100	−0.100%	$1.8M	$1.2M	75x	as long as short
Orderly PERP_POL_USDC	−0.0117%	4h	0.1100	−0.064%	$11K	$2.5M	20x	as long as short
OKX POL-USDT-SWAP	−0.0046%	4h	0.1101	−0.009%	$5.7M	$9.1M	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1100	−0.106%	$3K	—	—
GRVT POL_USDT_Perp	0.0000%	4h	0.1101	+0.027%	$1.1M	$2.8M	10x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1101	+0.009%	$9K	—	150x	as long as short
Extended POL-USD	+0.0016%	1h	0.1100	−0.082%	$94K	$526K	10x	as long as short
MEXC POL_USDT	+0.0018%	4h	0.1100	−0.054%	$25.3M	$3.4M	125x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0018%	4h	0.1100	−0.064%	$16.8M	$34.8M	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.899%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0071%	1h	0.1102	+0.082%	$156K	$662K	50x	as long as short
BloFin POL-USDT	+0.0074%	4h	0.1102	+0.045%	$900K	$143K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1099	−0.217%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.031%	$269K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1102	+0.100%	$7.4M	$3.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	+0.071%	$370K	$172K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.100%	$15.8M	$9.2M	75x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1101	long leg	$2.9M	$782K	50x
Bitget POLUSDT	+0.0100%	4h	0.1100	−0.091%	$4.0M	$3.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1100	−0.073%	—	$7.1M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.016%	$609K	$167K	—	as long as short
dYdX POL-USD	+0.0109%	1h	0.1102	+0.083%	$23K	$8K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1101	+0.010%	$3K	—	100x	as long as short