Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against KuCoin−0.009%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.009%, 7d avg −0.049%

Together, before fees−0.072%−$7 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: Bybit is 0.040% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1084	0.0100	pay 0.0050% / 4h	2h 27m	$2.8M	$939K	50x
Short	Bybit POLUSDT	0.1084	0.0100	get 0.0050% / 4h	2h 27m	$15.6M	$10.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.049%: $4.01
Slippage, 4 orders: −$68.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.52
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 1 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	5.99 bp	33.3 bp −$33	154.7 bp −$1,547	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.38 bp	18.0 bp −$18	41.5 bp −$415	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	−0.0480%	1h	0.1081	−0.258%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0258%	4h	0.1083	−0.111%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1084	−0.020%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1084	+0.006%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1084	+0.058%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1084	+0.055%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.510%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1084	+0.009%	$11K	$944K	20x	as long as short
ApeX Omni POLUSDT	+0.0076%	1h	0.1087	+0.295%	$193K	$629K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1084	+0.008%	$276K	$542K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0096%	4h	0.1083	−0.046%	$5.6M	$9.5M	50x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1085	+0.148%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1084	+0.022%	$359K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1084	+0.006%	$16.6M	$38.3M	75x	as long as short
Bybit POLUSDTshort	+0.0100%	4h	0.1084	−0.009%	$15.6M	$10.5M	75x
MEXC POL_USDT	+0.0100%	4h	0.1084	+0.018%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1084	long leg	$2.8M	$939K	50x
Bitget POLUSDT	+0.0100%	4h	0.1084	+0.037%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1084	+0.018%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1084	−0.020%	$600K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	+0.074%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1084	−0.017%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1084	+0.054%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1084	+0.003%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1086	+0.221%	$891K	$159K	75x	as long as short