Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.120%

Price spread now: Kraken Futures against Variational Omni+0.202%7-day average +0.108% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.198%−$20 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.202%, 7d avg +0.108%

Together, before fees−0.327%+ Points / potential airdropVariational Omni: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.094% dearer against Variational Omni than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of +0.108%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1121	0.0100	pay 0.0050% / 4h	3h 17m	$620K	$224K	—
Short	Kraken Futures PF_POLUSD	0.1123	−0.0239	pay 0.0030% / 1h	17m 01s	$1.2M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$71.16
Price spread: +0.202% → +0.108%: $9.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$71.76
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 57 min ago; Kraken Futures: live order book, 1 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 Variational Omni RFQ quote, 57 min ago	8.93 bp	doesn't fit	35.7 bp −$357	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	7.57 bp	18.8 bp −$19	44.2 bp −$442	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
Kraken Futures PF_POLUSDshort	−0.0239%	1h	0.1123	+0.202%	$1.2M	$1.3M	50x
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.438%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1122	+0.124%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1123	+0.182%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0019%	1h	0.1122	+0.077%	$17K	$4K	5x	as long as short
Orderly PERP_POL_USDC	+0.0023%	4h	0.1122	+0.115%	$11K	$164K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.885%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1123	+0.157%	$293K	$585K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1123	+0.191%	$373K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1124	+0.316%	$17.3M	$44.3M	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	0.1124	+0.311%	$16.2M	$13.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1124	+0.284%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	+0.177%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1124	+0.311%	$24.4M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1124	+0.311%	$3.0M	$980K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1125	+0.356%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1123	+0.204%	—	$7.2M	—	as long as short
Variational Omni POLlong	+0.0100%	4h	0.1121	long leg	$620K	$224K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	−0.013%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.097%	$199K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1124	+0.246%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1121	+0.026%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0153%	1h	0.1126	+0.463%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1123	+0.196%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.082%	$911K	$159K	75x	as long as short