POL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.063%

Price spread now: Coinbase International against Kraken Futures+0.035%7-day average −0.444% · 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−$49as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 3 days (all we have)−1.037%−$104 · spread now +0.035%, 7d avg −0.444%

Together, before fees−1.230%−$123 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.479% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.444%): +$48 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1123	−0.0071	get 0.0009% / 1h	19m 01s	$1.2M	$1.8M	50x
Short	Coinbase International POL-PERP-INTX	0.1123	−0.0128	pay 0.0016% / 1h	19m 01s	$206K	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$11.87
Price spread: +0.035% → −0.444%: $47.91
Slippage, 4 orders: −$76.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.74
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: live order book, 59 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 Kraken Futures live order book, 4 min ago	5.35 bp	14.1 bp −$14	60.2 bp −$602	doesn't fit	doesn't fit
Sell Coinbase International live order book, 59 min ago	8.88 bp	37.3 bp −$37	doesn't fit	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-INTXshort	−0.0128%	1h	0.1123	+0.035%	$206K	$226K	50x
Kraken Futures PF_POLUSDlong	−0.0071%	1h	0.1123	long leg	$1.2M	$1.8M	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1123	+0.007%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1123	+0.041%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0010%	4h	0.1122	−0.018%	$11K	$188K	20x	as long as short
dYdX POL-USD	+0.0017%	1h	0.1122	−0.055%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.034%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1122	−0.017%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1123	+0.021%	$373K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1122	−0.072%	$17.3M	$50.0M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1121	−0.143%	$16.2M	$15.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	−0.009%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1122	−0.045%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1123	−0.009%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	−0.036%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	−0.027%	$4.2M	$5.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1122	−0.054%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	−0.210%	$662K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1120	−0.221%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.232%	$198K	$652K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	−0.064%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1121	−0.143%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1124	+0.122%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0242%	1h	0.1124	+0.097%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1122	−0.063%	$912K	$164K	75x	as long as short