Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.46 per $10,000 · paid last 24h −0.061%
Price spread now: KuCoin against BloFin+0.082%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$970.969% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.072%−$7 on $10k
Price spread, last 4 days (all we have)+1.397%+$140 · spread now +0.082%, 7d avg +0.054%
Together, before fees+1.325%+$133 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.028% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin POL-USDT0.11000.0008pay 0.0004% / 4h3h 16m$898K$146K75x
ShortKuCoin POLUSDTM0.11010.0100get 0.0050% / 4h3h 16m$2.9M$833K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
$19.27
Price spread: +0.082% → +0.054%
$2.79
Slippage, 4 orders
−$72.91
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$74.85
Costs to cover
0.969%
Break-even
34.2 days
Slippage from BloFin: live order book, 60 min ago; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 60 min ago1.38 bp13.7 bp −$1418.5 bp −$18563.7 bp −$6,374doesn't fit
Sell KuCoin live order book, 10 min ago3.66 bp39.1 bp −$39168.3 bp −$1,683doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0600%1h0.1098−0.155%$200K$180K50xas long as short
Kraken Futures PF_POLUSD−0.0472%1h0.1101+0.095%$1.2M$975K50xas long as short
Gate POL_USDT−0.0260%4h0.1099−0.073%$1.8M$1.2M75xas long as short
Orderly PERP_POL_USDC−0.0115%4h0.1100−0.018%$11K$2.4M20xas long as short
Bybit POLUSDT−0.0114%4h0.1099−0.027%$15.8M$9.3M75xas long as short
GRVT POL_USDT_Perp−0.0082%4h0.1099−0.081%$1.1M$2.9M10xas long as short
OKX POL-USDT-SWAP−0.0080%4h0.1100+0.073%$5.7M$9.2M50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1099−0.047%$3Kas long as short
Extended POL-USD0.0000%1h0.1100+0.019%$92K$521K10xas long as short
MEXC POL_USDT+0.0002%4h0.1100+0.027%$25.3M$3.4M125xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance POLUSDT+0.0002%4h0.1100+0.045%$16.8M$35.0M75xas long as short
gTrade (Gains Network) POL/USDL +0.0003% / S −0.0003%1h0.1101+0.090%$9K150xas long as short
BloFin POL-USDTlong+0.0008%4h0.1100long leg$898K$146K75x
ApeX Omni POLUSDT+0.0029%1h0.1102+0.209%$156K$662K50xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+1.028%$3K$124K12xas long as short
Aevo POL-PERP+0.0080%1h0.1098−0.119%$40K3xas long as short
Lighter POL+0.0096%1h0.1100+0.068%$273K$543K8xas long as short
Hyperliquid POL+0.0100%1h0.1102+0.182%$7.4M$3.7M5xas long as short
Aster POLUSDT+0.0100%4h0.1100−0.008%$364K$167K20xas long as short
KuCoin POLUSDTMshort+0.0100%4h0.1101+0.082%$2.9M$833K50x
Bitget POLUSDT+0.0100%4h0.1100+0.027%$4.0M$3.7M50xas long as short
BingX POL-USDT+0.0100%4h0.1100+0.018%$7.1Mas long as short
Variational Omni POL+0.0100%4h0.1101+0.095%$609K$167Kas long as short
dYdX POL-USD+0.0148%1h0.1101+0.109%$23K$8K5xas long as short
GMX POL/USD [ETH-USDC]L +0.0164% / S −0.0294%1h0.1101+0.099%$3K100xas long as short