Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.175%

Price spread now: dYdX against KuCoin+0.058%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.058% dearer against KuCoin than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1084	0.0100	pay 0.0050% / 4h	2h 26m	$2.8M	$940K	50x
Short	dYdX POL-USD	0.1084	0	get 0.0000% / 1h	26m 11s	$18K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$21
Price spread: +0.058% → 0.000%: $5.78
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 6 min ago	5.99 bp	33.3 bp −$33	154.7 bp −$1,547	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0480%	1h	0.1081	−0.258%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0250%	4h	0.1083	−0.111%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1084	+0.028%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1084	−0.011%	$2K	—	—	as long as short
dYdX POL-USDshort	0.0000%	1h	0.1084	+0.058%	$18K	$4K	5x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1085	+0.066%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.510%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1084	+0.028%	$11K	$949K	20x	as long as short
ApeX Omni POLUSDT	+0.0076%	1h	0.1087	+0.295%	$193K	$629K	50x	as long as short
OKX POL-USDT-SWAP	+0.0095%	4h	0.1084	−0.018%	$5.6M	$9.5M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1084	0.000%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1085	+0.129%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1084	+0.014%	$359K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1084	−0.018%	$16.6M	$38.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1083	−0.037%	$15.6M	$10.5M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1084	0.000%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1084	long leg	$2.8M	$940K	50x
Bitget POLUSDT	+0.0100%	4h	0.1084	−0.018%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1083	−0.046%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1083	−0.053%	$600K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	+0.074%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1084	−0.026%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1084	−0.024%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1085	+0.069%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1083	−0.074%	$888K	$159K	75x	as long as short