Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0650%/8h= +71.2% APRpaid last 24h +0.162%

Price spread now: GMX against KuCoin−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1119	0.0100	pay 0.0050% / 4h	3h 48m	$3.0M	$1.0M	50x
Short	GMX POL/USD [ETH-USDC]	0.1119	L +0.0216% / S −0.0750%	get 0.0094% / 1h	48m 51s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $136.47
Price spread: −0.043% → 0.000%: −$4.29
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $108.19
Costs to cover: 0.240%
Break-even: 1.5 days

Slippage unknown: KuCoin: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.

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, 8 min ago	5.35 bp	32.9 bp −$33	170.9 bp −$1,709	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0240%	1h	0.1119	+0.010%	$1.2M	$1.4M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1115	−0.366%	$204K	$214K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.129%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1118	−0.098%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1119	−0.046%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0014%	4h	0.1118	−0.071%	$11K	$179K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.724%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	+0.012%	$299K	$574K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1119	+0.020%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	+0.007%	$17.2M	$47.4M	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	−0.098%	$16.1M	$14.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.009%	$5.8M	$11.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1118	−0.116%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1119	+0.009%	$24.2M	$3.7M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1119	long leg	$3.0M	$1.0M	50x
Bitget POLUSDT	+0.0100%	4h	0.1119	0.000%	$4.1M	$5.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1119	−0.027%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.185%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	+0.158%	$1.1M	$3.0M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1118	−0.098%	$197K	$643K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	−0.023%	$94K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	+0.004%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0143%	1h	0.1121	+0.143%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0216% / S −0.0750%	1h	0.1119	−0.043%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1117	−0.179%	$906K	$159K	75x	as long as short