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 +0.002%

Price spread now: KuCoin against Bybit+0.018%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.018%, 7d avg +0.049%

Together, before fees+0.063%+$6 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 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1093	0.0100	pay 0.0050% / 4h	1h 54m	$15.7M	$10.2M	75x
Short	KuCoin POLUSDTM	0.1093	0.0100	get 0.0050% / 4h	1h 54m	$2.9M	$938K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.049%: −$3.1
Slippage, 4 orders: −$63.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.52
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 2 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 Bybit live order book, 4 min ago	2.28 bp	12.0 bp −$12	29.3 bp −$293	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 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	−0.055%	$202K	$203K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1094	+0.103%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0220%	4h	0.1092	−0.055%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.004%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1094	+0.108%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.099%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0031%	4h	0.1093	+0.018%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.684%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0044%	1h	0.1095	+0.220%	$194K	$634K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1093	+0.023%	$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
Hyperliquid POL	+0.0100%	1h	0.1094	+0.156%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	+0.040%	$362K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1092	−0.009%	$16.7M	$37.8M	75x	as long as short
Bybit POLUSDTlong	+0.0100%	4h	0.1093	long leg	$15.7M	$10.2M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1092	−0.018%	$5.7M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	0.000%	$24.6M	$3.3M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1093	+0.018%	$2.9M	$938K	50x
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.027%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	+0.009%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	+0.005%	$604K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	+0.064%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.012%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.101%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.080%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1093	+0.064%	$896K	$153K	75x	as long as short