Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.093%

Price spread now: Gate against Kraken Futures+0.001%51s7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.912% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)+0.165%+$16 · spread now +0.001%, 7d avg −0.091%

Together, before fees+0.407%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.092% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.091%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1120	−0.0072	get 0.0009% / 1h	25m 20s	$1.2M	$1.8M	50x
Short	Gate POL_USDT	0.1120	0.0100	get 0.0050% / 4h	25m 20s	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.001%Rate

Funding earned: $36.04
Price spread: +0.001% → −0.091%: $9.25
Slippage, 4 orders: −$66.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.94
Costs to cover: 0.912%
Break-even: 15.9 days

Slippage from Kraken Futures: live order book, 3 min ago; Gate: 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 Kraken Futures live order book, 3 min ago	7.13 bp	15.3 bp −$15	53.5 bp −$535	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.91 bp	28.2 bp −$28	203.2 bp −$2,032	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	−0.0128%	1h	0.1117	−0.267%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSDlong	−0.0072%	1h	0.1120	long leg	$1.2M	$1.8M	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.138%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1120	+0.006%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	−0.016%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0009%	4h	0.1119	−0.052%	$11K	$189K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.802%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	−0.072%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.016%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	−0.117%	$17.2M	$50.1M	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	0.1118	−0.160%	$16.1M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.061%	$5.8M	$11.7M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1120	+0.001%	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1119	−0.106%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.001%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.010%	$4.2M	$5.4M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1119	−0.052%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.046%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	+0.064%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.001%	$198K	$654K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	−0.115%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.144%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1120	−0.028%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0281%	1h	0.1121	+0.081%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	+0.019%	$912K	$169K	75x	as long as short