Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0143%/8h= −15.7% APRpaid last 24h −0.026%

Price spread now: Kraken Futures against Gate+0.106%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−1.271%−$127 · spread now +0.106%, 7d avg +0.086%

Together, before fees−1.501%−$150 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.021% dearer against Gate than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.086%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1100	−0.0208	get 0.0104% / 4h	2h 58m	$1.8M	$1.1M	75x
Short	Kraken Futures PF_POLUSD	0.1101	−0.0351	pay 0.0044% / 1h	58m 05s	$1.2M	$994K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$30.09
Price spread: +0.106% → +0.086%: $2.06
Slippage, 4 orders: −$55.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$108.76
Costs to cover: 0.807%
Break-even: never at this rate

Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago	5.00 bp	19.4 bp −$19	170.7 bp −$1,707	doesn't fit	doesn't fit
Sell Kraken Futures live order book, just now	4.54 bp	21.4 bp −$21	57.1 bp −$571	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	−0.0584%	1h	0.1098	−0.136%	$200K	$180K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0351%	1h	0.1101	+0.106%	$1.2M	$994K	50x
Gate POL_USDTlong	−0.0208%	4h	0.1100	long leg	$1.8M	$1.1M	75x
Orderly PERP_POL_USDC	−0.0122%	4h	0.1100	+0.018%	$11K	$2.5M	20x	as long as short
OKX POL-USDT-SWAP	−0.0052%	4h	0.1100	+0.009%	$5.7M	$9.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1099	−0.012%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	+0.135%	$23K	$8K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1102	+0.208%	$9K	—	150x	as long as short
GRVT POL_USDT_Perp	+0.0004%	4h	0.1101	+0.136%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0016%	1h	0.1098	−0.117%	$94K	$521K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0018%	4h	0.1099	−0.089%	$16.8M	$34.3M	75x	as long as short
MEXC POL_USDT	+0.0020%	4h	0.1099	−0.018%	$25.3M	$3.3M	125x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.046%	$3K	$124K	12x	as long as short
Lighter POL	+0.0048%	1h	0.1100	+0.036%	$269K	$502K	8x	as long as short
ApeX Omni POLUSDT	+0.0074%	1h	0.1101	+0.136%	$156K	$663K	50x	as long as short
BloFin POL-USDT	+0.0081%	4h	0.1100	+0.018%	$897K	$143K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1099	−0.091%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1101	+0.100%	$7.4M	$3.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1100	+0.080%	$370K	$172K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1098	−0.127%	$15.8M	$9.1M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1100	+0.027%	$2.8M	$782K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1099	−0.055%	$4.0M	$3.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1099	−0.064%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1100	+0.059%	$609K	$167K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1102	+0.252%	$3K	—	100x	as long as short