Funding you earn now, next payment 07:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.058%
Price spread now: Kraken Futures against Extended+0.123%7-day average +0.073% · 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−$64as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.123%, 7d avg +0.073%
=Together, before fees−0.321%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.050% dearer against Extended than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.073%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.123% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POL-USD | 0.1092 | 0.0104 | pay 0.0013% / 1h | 1m 45s | $93K | $264K | 10x |
| Short | Kraken Futures PF_POLUSD | 0.1093 | −0.0379 | pay 0.0047% / 1h | 1m 45s | $1.2M | $994K | 50x |
Extended POL-USD
Kraken Futures PF_POLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$101.48
- Price spread: +0.123% → +0.073%
- $5.03
- Slippage, 4 orders
- −$53.85
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$165.3
- Costs to cover
- 0.688%
- Break-even
- never at this rate
Slippage from Extended: live order book, 40 min ago; Kraken Futures: 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 Extended live order book, 40 min ago | 1.28 bp | 15.6 bp −$16 | 137.5 bp −$1,375 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.94 bp | 21.6 bp −$22 | 43.8 bp −$438 | 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 | 0.1088 | −0.375% | $201K | $194K | 50x | as long as short |
| Kraken Futures PF_POLUSDshort | −0.0379% | 1h | 0.1093 | +0.123% | $1.2M | $994K | 50x | |
| Gate POL_USDT | −0.0322% | 4h | 0.1093 | +0.082% | $1.8M | $1.3M | 75x | as long as short |
| OKX POL-USDT-SWAP | −0.0017% | 4h | 0.1092 | +0.027% | $5.7M | $9.3M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1092 | +0.027% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1094 | +0.156% | $19K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1094 | +0.148% | $12K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0005% | 4h | 0.1093 | +0.055% | $11K | $1.5M | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.731% | $3K | $124K | 12x | as long as short |
| ApeX Omni POLUSDT | +0.0089% | 1h | 0.1094 | +0.174% | $194K | $640K | 50x | as long as short |
Coinbase International POL-PERP-INTX
Gate POL_USDT
OKX POL-USDT-SWAP
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
ApeX Omni POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter POL | +0.0096% | 1h | 0.1093 | +0.041% | $277K | $543K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1094 | +0.201% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1093 | +0.118% | $362K | $174K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1092 | 0.000% | $16.7M | $36.5M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1092 | −0.009% | $15.7M | $9.6M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1092 | +0.027% | $24.7M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1093 | +0.110% | $2.9M | $916K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1093 | +0.073% | $4.0M | $3.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1093 | +0.082% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1094 | +0.188% | $605K | $166K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1094 | +0.137% | $1.1M | $2.8M | 10x | as long as short |
| Extended POL-USDlong | +0.0104% | 1h | 0.1092 | long leg | $93K | $264K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1091 | −0.072% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1094 | +0.128% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1093 | +0.055% | $898K | $146K | 75x | as long as short |
Lighter POL
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT