Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against MEXC+0.110%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

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

costs, in and out, $10k−$720.720% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.110%, 7d avg +0.027%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.083% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1092	0.0100	pay 0.0050% / 4h	1h 52m	$24.6M	$3.3M	125x
Short	KuCoin POLUSDTM	0.1093	0.0100	get 0.0050% / 4h	1h 52m	$2.9M	$939K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.027%: $8.26
Slippage, 4 orders: −$59.96
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.69
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 5 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 MEXC live order book, 1 min ago	0.46 bp	6.7 bp −$7	17.5 bp −$175	74.1 bp −$7,413	187.4 bp −$93.7K
Sell KuCoin live order book, 5 min ago	7.32 bp	30.1 bp −$30	132.9 bp −$1,329	doesn't fit	doesn't fit

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	−0.0472%	1h	0.1092	−0.018%	$202K	$203K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1093	+0.062%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0238%	4h	0.1092	−0.018%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.025%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1094	+0.145%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1093	+0.079%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0030%	4h	0.1092	−0.009%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.721%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0044%	1h	0.1095	+0.256%	$194K	$634K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1092	+0.017%	$276K	$542K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0098%	4h	0.1092	−0.009%	$5.7M	$9.6M	50x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1094	+0.149%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	+0.023%	$362K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1092	−0.021%	$16.7M	$37.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.037%	$15.7M	$10.2M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1092	long leg	$24.6M	$3.3M	125x
KuCoin POLUSDTMshort	+0.0100%	4h	0.1093	+0.110%	$2.9M	$939K	50x
Bitget POLUSDT	+0.0100%	4h	0.1092	+0.009%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1092	0.000%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	+0.042%	$604K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	+0.080%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.019%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.064%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.059%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	0.000%	$898K	$151K	75x	as long as short