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 0.000%

Price spread now: KuCoin against Variational Omni+0.169%7-day average +0.079% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.169%, 7d avg +0.079%

Together, before fees−0.223%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: KuCoin is 0.090% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1126	0.0100	pay 0.0050% / 4h	55m 18s	$665K	$189K	—
Short	KuCoin POLUSDTM	0.1128	0.0100	get 0.0050% / 4h	55m 18s	$2.8M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.079%: $8.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; KuCoin: live order book, 2 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, 24 min ago	4.44 bp	doesn't fit	40.0 bp −$400	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.88 bp	30.1 bp −$30	145.1 bp −$1,451	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	0.1122	−0.320%	$205K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1128	+0.200%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1127	+0.154%	$3K	—	—	as long as short
Orderly PERP_POL_USDC	−0.0004%	4h	0.1128	+0.169%	$11K	$194K	20x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1128	+0.200%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0013%	1h	0.1127	+0.136%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.297%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1128	+0.186%	$301K	$571K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1127	+0.157%	$375K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1127	+0.163%	$17.4M	$50.7M	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	0.1127	+0.089%	$16.3M	$15.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1127	+0.142%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1127	+0.116%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1128	+0.178%	$24.2M	$3.8M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1128	+0.169%	$2.8M	$1.0M	50x
Bitget POLUSDT	+0.0100%	4h	0.1128	+0.169%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1128	+0.169%	—	$1.6M	—	as long as short
Variational Omni POLlong	+0.0100%	4h	0.1126	long leg	$665K	$189K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1127	+0.151%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1127	+0.125%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1127	+0.139%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1126	+0.017%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1128	+0.203%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1128	+0.169%	$913K	$170K	75x	as long as short
Hyperliquid POL	+0.0385%	1h	0.1130	+0.373%	$7.7M	$4.0M	5x	as long as short