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: Extended against Kraken Futures−0.152%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as 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)+0.227%+$23 · spread now −0.152%, 7d avg −0.073%
=Together, before fees+0.350%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.079% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.073%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.123% in total) that is about 4.5 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 | Kraken Futures PF_POLUSD | 0.1093 | −0.0379 | get 0.0047% / 1h | 1m 21s | $1.2M | $994K | 50x |
| Short | Extended POL-USD | 0.1092 | 0.0104 | get 0.0013% / 1h | 1m 21s | $91K | $273K | 10x |
Kraken Futures PF_POLUSD
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 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: −0.152% → −0.073%
- −$7.91
- Slippage, 4 orders
- −$53.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $24.72
- Costs to cover
- 0.688%
- Break-even
- 5.3 days
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 41 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, 2 min ago | 5.94 bp | 16.3 bp −$16 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell Extended live order book, 41 min ago | 1.28 bp | 15.4 bp −$15 | 158.2 bp −$1,582 | 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 | −0.498% | $201K | $194K | 50x | as long as short |
| Kraken Futures PF_POLUSDlong | −0.0379% | 1h | 0.1093 | long leg | $1.2M | $994K | 50x | |
| Gate POL_USDT | −0.0326% | 4h | 0.1092 | −0.150% | $1.8M | $1.3M | 75x | as long as short |
| OKX POL-USDT-SWAP | −0.0017% | 4h | 0.1092 | −0.132% | $5.7M | $9.3M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1091 | −0.185% | $2K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1094 | +0.033% | $19K | $3K | 5x | as long as short |
| Orderly PERP_POL_USDC | +0.0003% | 4h | 0.1091 | −0.178% | $11K | $1.5M | 20x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1094 | +0.025% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.606% | $3K | $124K | 12x | as long as short |
| ApeX Omni POLUSDT | +0.0089% | 1h | 0.1094 | +0.051% | $194K | $640K | 50x | as long as short |
Coinbase International POL-PERP-INTX
Gate POL_USDT
OKX POL-USDT-SWAP
Reya POLRUSDPERP
dYdX POL-USD
Orderly PERP_POL_USDC
gTrade (Gains Network) POL/USD
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 | −0.082% | $277K | $543K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1093 | −0.004% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1093 | −0.059% | $362K | $174K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1091 | −0.185% | $16.7M | $36.5M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1091 | −0.196% | $15.7M | $9.6M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1092 | −0.169% | $24.7M | $3.3M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1093 | −0.041% | $2.9M | $916K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1092 | −0.105% | $4.0M | $3.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1092 | −0.114% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1094 | +0.065% | $605K | $166K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1093 | −0.004% | $1.1M | $2.8M | 10x | as long as short |
| Extended POL-USDshort | +0.0104% | 1h | 0.1092 | −0.152% | $91K | $273K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1091 | −0.253% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1094 | +0.005% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1093 | −0.068% | $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