Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni−0.016%7-day average +0.083% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.016%, 7d avg +0.083%

Together, before fees+0.011%+ Points / potential airdropVariational Omni: Active · farm board+$1 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: KuCoin is 0.098% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1091	0.0100	pay 0.0050% / 4h	1h 53m	$604K	$163K	—
Short	KuCoin POLUSDTM	0.1090	0.0100	get 0.0050% / 4h	1h 53m	$3.1M	$789K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.083%: −$9.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 59 min ago; KuCoin: live order book, 2 min ago. 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 Variational Omni RFQ quote, 59 min ago	9.15 bp	doesn't fit	36.6 bp −$366	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.12 bp	26.9 bp −$27	120.8 bp −$1,208	doesn't fit	doesn't fit

POL on 25 exchanges

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	−0.0624%	1h	0.1088	−0.245%	$198K	$164K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0346%	1h	0.1090	−0.091%	$1.2M	$932K	50x	as long as short
ApeX Omni POLUSDT	−0.0186%	1h	0.1092	+0.122%	$154K	$666K	50x	as long as short
Orderly PERP_POL_USDC	−0.0185%	4h	0.1089	−0.181%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0150%	4h	0.1089	−0.117%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0072%	4h	0.1091	+0.003%	$1.0M	$2.8M	10x	as long as short
OKX POL-USDT-SWAP	−0.0037%	4h	0.1089	−0.181%	$5.6M	$8.3M	50x	as long as short
Bitget POLUSDT	−0.0010%	4h	0.1089	−0.144%	$4.0M	$3.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1089	−0.194%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1091	+0.009%	$24K	$9K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1090	−0.069%	$9K	—	150x	as long as short
Binance POLUSDT	+0.0005%	4h	0.1089	−0.162%	$16.6M	$31.9M	75x	as long as short
Extended POL-USD	+0.0008%	1h	0.1088	−0.204%	$92K	$526K	10x	as long as short
MEXC POL_USDT	+0.0010%	4h	0.1089	−0.172%	$25.0M	$3.2M	125x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.864%	$3K	$124K	12x	as long as short
BloFin POL-USDT	+0.0046%	4h	0.1089	−0.162%	$894K	$135K	75x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1088	−0.245%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1089	−0.131%	$266K	$478K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1091	−0.007%	$7.4M	$3.4M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1090	−0.025%	$366K	$166K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1089	−0.162%	$15.7M	$8.6M	75x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1090	−0.016%	$3.1M	$789K	50x
BingX POL-USDC	+0.0100%	4h	0.1089	−0.153%	—	$1.6M	—	as long as short
Variational Omni POLlong	+0.0100%	4h	0.1091	long leg	$604K	$163K	—
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1090	−0.076%	$3K	—	100x	as long as short