Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: Polymarket Perps against KuCoin+0.010%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1671.673% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.010%, 7d avg −0.035%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.045% dearer against KuCoin than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.035%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COINUSDTM	196.56	0.0100	pay 0.0100% / 8h	7h 20m	$989K	$199K	20x
Short	Polymarket Perps COIN-USD	196.58	0.0050	get 0.0006% / 1h	20m 07s	$135K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$10.5
Price spread: +0.010% → −0.035%: $4.51
Slippage, 4 orders: −$147.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$173.25
Costs to cover: 1.673%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; Polymarket Perps: live order book, 43 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, 44 min ago	13.31 bp	95.6 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 43 min ago	2.05 bp	7.0 bp −$7	7.6 bp −$76	9.9 bp −$985	doesn't fit

COIN on 26 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
Injective COIN/USDC PERP	−0.0440%	1h	196.17	−0.198%	$71K	$177K	30x	as long as short
Vest COIN-USD-PERP	−0.0068%	1h	196.23	−0.168%	—	$319K	25x	as long as short
Bitget COINUSDT	−0.0002%	8h	196.82	+0.132%	$6.4M	$10.1M	20x	as long as short
Aster COINUSDT	0.0000%	8h	196.42	−0.070%	$342K	$879K	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.79	+0.117%	$4.6M	$6.0M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.78	+0.112%	$3.0M	$4.6M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	196.77	+0.107%	$1.2M	$6.8M	50x	as long as short
Variational Omni COIN	0.0000%	8h	196.82	+0.133%	$662K	$980K	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	195.49	−0.542%	$13K	$3.0M	10x	as long as short
Lighter COIN	+0.0032%	1h	196.71	+0.074%	$365K	$2.0M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH COIN	+0.0032%	1h	196.70	+0.071%	$474K	$1.3M	10x	as long as short
Extended COIN_24_5-USD	+0.0032%	1h	196.67	+0.058%	$104K	$859K	10x	as long as short
Binance COINUSDT	+0.0034%	8h	196.72	+0.084%	$14.9M	$81.3M	20x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.89	+0.168%	$17K	$49K	5x	as long as short
edgeX COINUSDC	+0.0043%	4h	195.30	−0.639%	$50K	$295K	10x	as long as short
QFEX COIN-USD	+0.0047%	1h	196.64	+0.041%	$1.3M	$2.8M	10x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.66	+0.051%	$15.3M	$12.0M	10x	as long as short
Polymarket Perps COIN-USDshort	+0.0050%	1h	196.58	+0.010%	$135K	$1.4M	10x
Ondo Perps COIN-USD.P	+0.0050%	1h	196.51	−0.025%	$425K	$2.5M	10x	as long as short
BloFin COIN-USDT	+0.0094%	8h	196.89	+0.168%	$189K	$486K	20x	as long as short
KuCoin COINUSDTMlong	+0.0100%	8h	196.56	long leg	$989K	$199K	20x
ApeX Omni COINUSDT	+0.0100%	1h	195.25	−0.666%	$88K	$285K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.71	+0.076%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.73	+0.086%	$116	—	10x	as long as short
Phoenix COIN	+0.0164%	1h	194.76	−0.916%	$4K	$283K	10x	as long as short
SoDEX COIN-USD	+0.0280%	1h	196.59	+0.015%	$76	$3K	10x	as long as short