Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.162%

Price spread now: Coinbase International against KuCoin−0.254%7-day average −0.416% · you buy dearer than you sell

Net, funding: paid 7d − costs−$906as in the Funding arb table

Net, price: spread back to 7d avg − costs−$833as in the Price arb table

costs, in and out, $10k−$8498.493% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.562%−$56 on $10k

Price spread, last 3 days (all we have)−0.754%−$75 · spread now −0.254%, 7d avg −0.416%

Together, before fees−1.316%−$132 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.162% dearer against KuCoin than usual: you sell high and buy low (spread −0.254% now, against its 7-day average of −0.416%): +$16 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1102	0.0100	pay 0.0050% / 4h	2h 17m	$2.9M	$998K	50x
Short	Coinbase International POL-PERP-INTX	0.1099	−0.0312	pay 0.0039% / 1h	17m 06s	$202K	$203K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.254%Rate

Funding earned: −$86.52
Price spread: −0.254% → −0.416%: $16.17
Slippage, 4 orders: −$827.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$919.66
Costs to cover: 8.493%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Coinbase International: live order book, 51 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 KuCoin live order book, 5 min ago	4.99 bp	36.1 bp −$36	145.2 bp −$1,452	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	13.38 bp	76.4 bp −$76	doesn't fit	doesn't fit	doesn't fit

POL on 24 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-INTXshort	−0.0312%	1h	0.1099	−0.254%	$202K	$203K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.100%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1103	+0.086%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	+0.018%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.835%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1101	−0.054%	$11K	$322K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.006%	$285K	$576K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	+0.059%	$366K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	−0.073%	$17.0M	$43.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.091%	$15.9M	$12.3M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	−0.064%	$5.7M	$10.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	−0.109%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.036%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1102	long leg	$2.9M	$998K	50x
Bitget POLUSDT	+0.0100%	4h	0.1102	+0.018%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1101	−0.045%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	+0.009%	$610K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.024%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.109%	$195K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1101	−0.063%	$95K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.153%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1102	+0.045%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.004%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0227%	1h	0.1104	+0.163%	$7.4M	$3.8M	5x	as long as short