Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h −0.115%

Price spread now: Kraken Futures against Binance+0.229%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 3 days (all we have)−0.309%−$31 · spread now +0.229%, 7d avg +0.048%

Together, before fees−0.444%−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.181% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1102	0.0100	pay 0.0050% / 4h	1h 55m	$17.1M	$42.4M	75x
Short	Kraken Futures PF_POLUSD	0.1105	0.0260	get 0.0032% / 1h	55m 50s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.229%Rate

Funding earned: $33.52
Price spread: +0.229% → +0.048%: $18.1
Slippage, 4 orders: −$39.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$8.33
Costs to cover: 0.599%
Break-even: 8.7 days

Slippage from Binance: live order book, 16 min ago; Kraken Futures: live order book, 3 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 Binance live order book, 16 min ago	0.45 bp	10.7 bp −$11	23.1 bp −$231	183.1 bp −$18.3K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.80 bp	21.5 bp −$22	63.3 bp −$633	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-INTX	−0.0464%	1h	0.1097	−0.457%	$202K	$201K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	+0.229%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1104	+0.161%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1105	+0.275%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.813%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0046%	4h	0.1104	+0.178%	$11K	$303K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.003%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	+0.157%	$367K	$276K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1102	long leg	$17.1M	$42.4M	75x
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.067%	$15.9M	$11.8M	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	−0.049%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1103	+0.105%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	+0.060%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1104	+0.178%	$2.9M	$969K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1103	+0.105%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1102	+0.014%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1104	+0.188%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.015%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.087%	$195K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1103	+0.076%	$92K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1103	+0.087%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0200%	1h	0.1104	+0.169%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1105	+0.283%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSDshort	+0.0260%	1h	0.1105	+0.229%	$1.2M	$1.2M	50x