Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against KuCoin+0.083%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1031.028% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.355%−$35 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.083%, 7d avg +0.008%

Together, before fees−0.451%+ Points / potential airdropAster: Stage 5 · farm board−$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.074% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1120	0.0100	pay 0.0050% / 4h	3h 31m	$3.0M	$990K	50x
Short	Aster POLUSDT	0.1121	0.0100	get 0.0050% / 4h	3h 31m	$372K	$303K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.008%: $7.43
Slippage, 4 orders: −$82.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.34
Costs to cover: 1.028%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Aster: live order book, 40 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 KuCoin live order book, 5 min ago	7.14 bp	41.8 bp −$42	144.1 bp −$1,441	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	5.35 bp	18.1 bp −$18	268.2 bp −$2,682	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
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1121	+0.087%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.330%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.078%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	+0.034%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0018%	4h	0.1119	−0.018%	$11K	$171K	20x	as long as short
dYdX POL-USD	+0.0029%	1h	0.1120	+0.056%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.777%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	+0.059%	$293K	$580K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1121	+0.083%	$372K	$303K	20x
Binance POLUSDT	+0.0100%	4h	0.1120	+0.027%	$17.2M	$45.0M	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	0.1120	+0.018%	$16.1M	$13.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	+0.027%	$5.8M	$10.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	−0.054%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1120	+0.027%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1120	long leg	$3.0M	$990K	50x
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.054%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	+0.009%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.069%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1120	+0.055%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.027%	$198K	$644K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	+0.013%	$93K	$495K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.107%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0129%	1h	0.1122	+0.232%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1120	+0.036%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.071%	$909K	$159K	75x	as long as short