Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX0.000%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1801.795% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.012%+$1 · spread now 0.000%, 7d avg +0.033%

Together, before fees0.000%$0 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 0.033% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1120	0.0100	pay 0.0050% / 4h	3h 29m	—	$1.7M	—
Short	KuCoin POLUSDTM	0.1120	0.0100	get 0.0050% / 4h	3h 29m	$3.0M	$989K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.033%: −$3.25
Slippage, 4 orders: −$157.52
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$182.77
Costs to cover: 1.795%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: 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 BingX live order book, 2 min ago	4.47 bp	51.4 bp −$51	232.9 bp −$2,329	1077.9 bp −$107.8K	doesn't fit
Sell KuCoin live order book, 3 min ago	5.80 bp	22.5 bp −$22	123.0 bp −$1,230	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
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1121	+0.091%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.366%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	+0.007%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1121	+0.078%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0018%	4h	0.1120	+0.018%	$11K	$169K	20x	as long as short
dYdX POL-USD	+0.0027%	1h	0.1120	+0.021%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.812%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1121	+0.041%	$293K	$581K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.062%	$372K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	+0.009%	$17.2M	$44.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.009%	$16.1M	$13.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	+0.018%	$5.8M	$10.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	−0.089%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1120	−0.009%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1120	0.000%	$3.0M	$989K	50x
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.018%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1120	long leg	—	$1.7M	—
Variational Omni POL	+0.0100%	4h	0.1119	−0.109%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.054%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	−0.098%	$198K	$644K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	+0.004%	$93K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.098%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0116%	1h	0.1122	+0.176%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1121	+0.074%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.054%	$911K	$159K	75x	as long as short