Funding you earn now, next payment 07:00 UTC+0.0311%/8h= +34.0% APRnext payment +$0.39 per $10,000 · paid last 24h +0.087%
Price spread now: Kraken Futures against Coinbase International+0.409%7-day average +0.418% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1461.457% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 4 days (all we have)+0.523%+$52 · spread now +0.409%, 7d avg +0.418%
=The price spread sits at its 7-day average of +0.418%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1087 | −0.0544 | get 0.0068% / 1h | 8m 05s | $201K | $176K | 50x |
| Short | Kraken Futures PF_POLUSD | 0.1091 | −0.0233 | pay 0.0029% / 1h | 8m 05s | $1.2M | $1.0M | 50x |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $65.23
- Price spread: +0.409% → +0.418%
- −$0.92
- Slippage, 4 orders
- −$125.65
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.35
- Costs to cover
- 1.457%
- Break-even
- 15.7 days
Slippage from Coinbase International: live order book, 30 min ago; Kraken Futures: live order book, just now.
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 Coinbase International live order book, 30 min ago | 18.33 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, just now | 3.21 bp | 8.2 bp −$8 | 36.6 bp −$366 | 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-INTXlong | −0.0544% | 1h | 0.1087 | long leg | $201K | $176K | 50x | |
| Gate POL_USDT | −0.0254% | 4h | 0.1090 | +0.294% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSDshort | −0.0233% | 1h | 0.1091 | +0.409% | $1.2M | $1.0M | 50x | |
| OKX POL-USDT-SWAP | −0.0083% | 4h | 0.1090 | +0.294% | $5.7M | $9.3M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0055% | 4h | 0.1090 | +0.294% | $11K | $2.0M | 20x | as long as short |
| ApeX Omni POLUSDT | −0.0016% | 1h | 0.1091 | +0.368% | $194K | $642K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1090 | +0.264% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1092 | +0.421% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1091 | +0.395% | $9K | — | 150x | as long as short |
| Bybit POLUSDT | +0.0028% | 4h | 0.1090 | +0.248% | $15.7M | $9.5M | 75x | as long as short |
Gate POL_USDT
OKX POL-USDT-SWAP
Orderly PERP_POL_USDC
ApeX Omni POLUSDT
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +2.208% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0040% | 4h | 0.1090 | +0.275% | $1.1M | $2.9M | 10x | as long as short |
| Binance POLUSDT | +0.0087% | 4h | 0.1090 | +0.264% | $16.6M | $36.3M | 75x | as long as short |
| Extended POL-USD | +0.0088% | 1h | 0.1090 | +0.237% | $91K | $518K | 10x | as long as short |
| MEXC POL_USDT | +0.0090% | 4h | 0.1090 | +0.267% | $24.9M | $3.4M | 125x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1090 | +0.304% | $276K | $544K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1092 | +0.432% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1091 | +0.412% | $362K | $167K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1090 | +0.313% | $2.9M | $873K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1090 | +0.294% | $4.0M | $3.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1090 | +0.267% | — | $7.1M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1089 | +0.176% | $602K | $166K | — | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1089 | +0.184% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1091 | +0.379% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0331% | 4h | 0.1091 | +0.359% | $899K | $145K | 75x | as long as short |
Injective POL/USDC PERP
GRVT POL_USDT_Perp
Binance POLUSDT
Extended POL-USD
MEXC POL_USDT
Lighter POL
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT