POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0380%/8h= −41.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.064%

Price spread now: Kraken Futures against Extended+0.127%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.127%, 7d avg +0.071%

Together, before fees−0.427%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.056% dearer against Extended than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.071%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.147% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.147% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1079	0.0008	pay 0.0001% / 1h	47m 05s	$94K	$607K	10x
Short	Kraken Futures PF_POLUSD	0.1080	−0.0372	pay 0.0047% / 1h	47m 05s	$1.1M	$787K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$79.82
Price spread: +0.127% → +0.071%: $5.6
Slippage, 4 orders: −$54.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$143.66
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; Kraken Futures: live order book, 4 min ago.

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 Extended live order book, 59 min ago	1.62 bp	16.9 bp −$17	206.2 bp −$2,062	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	7.89 bp	21.6 bp −$22	41.3 bp −$413	doesn't fit	doesn't fit

POL on 25 exchanges

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	−0.0648%	1h	0.1075	−0.336%	$195K	$158K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0372%	1h	0.1080	+0.127%	$1.1M	$787K	50x
Orderly PERP_POL_USDC	−0.0199%	4h	0.1080	+0.090%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0158%	4h	0.1079	−0.012%	$1.8M	$931K	75x	as long as short
GRVT POL_USDT_Perp	−0.0122%	4h	0.1076	−0.228%	$1.0M	$2.7M	10x	as long as short
Bybit POLUSDT	−0.0088%	4h	0.1078	−0.021%	$15.3M	$8.1M	75x	as long as short
Bitget POLUSDT	−0.0044%	4h	0.1080	+0.109%	$3.9M	$2.8M	50x	as long as short
OKX POL-USDT-SWAP	−0.0023%	4h	0.1079	+0.026%	$5.6M	$7.7M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1079	+0.063%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1079	0.000%	$23K	$9K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDT	+0.0002%	4h	0.1080	+0.100%	$25.0M	$3.1M	125x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1080	+0.165%	$8K	—	150x	as long as short
BingX POL-USDT	+0.0004%	4h	0.1079	+0.063%	—	$7.0M	—	as long as short
Binance POLUSDT	+0.0005%	4h	0.1079	+0.061%	$16.5M	$29.6M	75x	as long as short
Extended POL-USDlong	+0.0008%	1h	0.1079	long leg	$94K	$607K	10x
BloFin POL-USDT	+0.0015%	4h	0.1080	+0.146%	$896K	$135K	75x	as long as short
ApeX Omni POLUSDT	+0.0016%	1h	0.1077	−0.151%	$152K	$662K	50x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+3.002%	$3K	$124K	12x	as long as short
Aster POLUSDT	+0.0053%	4h	0.1080	+0.144%	$363K	$139K	20x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1077	−0.122%	$39K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1080	+0.147%	$252K	$424K	8x	as long as short
Variational Omni POL	+0.0100%	4h	0.1076	−0.237%	$599K	$157K	—	as long as short
Hyperliquid POL	+0.0100%	1h	0.1081	+0.183%	$7.3M	$3.4M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1080	+0.109%	$3.1M	$765K	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0158% / S −0.0283%	1h	0.1081	+0.186%	$3K	—	100x	as long as short