Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0288%/8h= +31.6% APRpaid last 24h +0.135%

Price spread now: GMX against KuCoin−0.094%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 26 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1093	0.0100	pay 0.0050% / 4h	58m 04s	$2.9M	$916K	50x
Short	GMX POL/USD [ETH-USDC]	0.1092	L +0.0210% / S −0.0388%	get 0.0049% / 1h	58m 04s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.094%Rate

Funding earned: $60.54
Price spread: −0.094% → 0.000%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.11
Costs to cover: 0.240%
Break-even: 3.9 days

Slippage unknown: KuCoin: live order book, 9 min ago; GMX: 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, 9 min ago	6.39 bp	42.8 bp −$43	99.6 bp −$996	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0544%	1h	0.1088	−0.430%	$201K	$193K	50x	as long as short
Gate POL_USDT	−0.0346%	4h	0.1090	−0.220%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1091	−0.112%	$1.1M	$993K	50x	as long as short
OKX POL-USDT-SWAP	−0.0033%	4h	0.1092	−0.101%	$5.7M	$9.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1090	−0.232%	$2K	—	—	as long as short
Orderly PERP_POL_USDC	0.0000%	4h	0.1091	−0.192%	$11K	$1.6M	20x	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	−0.027%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1092	−0.091%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.675%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0091%	1h	0.1093	+0.027%	$194K	$641K	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	0.1091	−0.152%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1093	+0.071%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	−0.055%	$362K	$174K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1091	−0.128%	$16.6M	$36.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1091	−0.110%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1091	−0.110%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1093	long leg	$2.9M	$916K	50x
Bitget POLUSDT	+0.0100%	4h	0.1092	−0.064%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1091	−0.119%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	−0.118%	$604K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1092	−0.064%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1091	−0.156%	$94K	$344K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.286%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1092	−0.094%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1091	−0.146%	$897K	$146K	75x	as long as short