Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
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 0.000%
Price spread now: KuCoin against Bitget+0.110%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$950.947% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.110%, 7d avg +0.027%
Together, before fees+0.004%$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 0.083% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.10870.0100pay 0.0050% / 4h21m 00s$4.0M$3.9M50x
ShortKuCoin POLUSDTM0.10890.0100get 0.0050% / 4h21m 00s$2.8M$918K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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

Funding earned
$0
Price spread: +0.110% → +0.027%
$8.32
Slippage, 4 orders
−$70.67
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$86.36
Costs to cover
0.947%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago1.38 bp12.9 bp −$1316.8 bp −$168doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago6.89 bp39.2 bp −$39130.5 bp −$1,305doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0544%1h0.1087−0.046%$201K$176K50xas long as short
Gate POL_USDT−0.0278%4h0.10870.000%$1.8M$1.3M75xas long as short
Kraken Futures PF_POLUSD−0.0234%1h0.1088+0.007%$1.1M$996K50xas long as short
OKX POL-USDT-SWAP−0.0089%4h0.1087−0.009%$5.7M$9.2M50xas long as short
Orderly PERP_POL_USDC−0.0040%4h0.1088+0.028%$11K$1.9M20xas long as short
ApeX Omni POLUSDT−0.0016%1h0.1087−0.046%$193K$643K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1088+0.032%$2Kas long as short
dYdX POL-USD0.0000%1h0.1090+0.202%$18K$3K5xas long as short
gTrade (Gains Network) POL/USDL +0.0003% / S −0.0003%1h0.1089+0.158%$9K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+2.161%$3K$124K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT POL_USDT_Perp+0.0038%4h0.1087−0.037%$1.1M$2.8M10xas long as short
Bybit POLUSDT+0.0071%4h0.1087−0.074%$15.6M$9.6M75xas long as short
Lighter POL+0.0096%1h0.1087−0.009%$275K$544K8xas long as short
Hyperliquid POL+0.0100%1h0.1089+0.156%$7.3M$3.7M5xas long as short
Aster POLUSDT+0.0100%4h0.1089+0.117%$361K$167K20xas long as short
Binance POLUSDT+0.0100%4h0.1087−0.009%$16.6M$36.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1087−0.064%$24.8M$3.4M125xas long as short
KuCoin POLUSDTMshort+0.0100%4h0.1089+0.110%$2.8M$918K50x
Bitget POLUSDTlong+0.0100%4h0.1087long leg$4.0M$3.9M50x
BingX POL-USDC+0.0100%4h0.1088+0.009%$1.6Mas long as short
Variational Omni POL+0.0100%4h0.1086−0.138%$601K$166Kas long as short
Extended POL-USD+0.0104%1h0.1087−0.064%$91K$522K10xas long as short
Aevo POL-PERP+0.0104%1h0.1085−0.198%$40K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1089+0.140%$3K100xas long as short
BloFin POL-USDT+0.0340%4h0.1088+0.037%$901K$145K75xas long as short