Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.022%

Price spread now: KuCoin against Polymarket Perps−0.041%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1671.669% of the position

Long on Polymarket Perps Short on KuCoin

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+0.158%+$16 · spread now −0.041%, 7d avg +0.037%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.078% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.037%). If the spread goes back, that is −$8 on $10k: about 5.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps COIN-USD	195.45	0.0050	pay 0.0006% / 1h	3m 11s	$134K	$1.4M	10x
Short	KuCoin COINUSDTM	195.37	0.0100	get 0.0100% / 8h	3m 11s	$984K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → +0.037%: −$7.77
Slippage, 4 orders: −$146.89
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$164.15
Costs to cover: 1.669%
Break-even: 116.4 days

Slippage from Polymarket Perps: live order book, 5 min ago; KuCoin: 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 Polymarket Perps live order book, 5 min ago	0.77 bp	5.0 bp −$5	6.3 bp −$63	9.2 bp −$924	doesn't fit
Sell KuCoin live order book, 1 min ago	13.31 bp	58.5 bp −$58	doesn't fit	doesn't fit	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	195.58	+0.067%	$43K	$48K	30x	as long as short
Bitget COINUSDT	−0.0329%	8h	195.76	+0.159%	$6.3M	$10.5M	20x	as long as short
Vest COIN-USD-PERP	−0.0049%	1h	195.08	−0.189%	—	$326K	25x	as long as short
Aster COINUSDT	0.0000%	8h	195.40	−0.026%	$341K	$890K	20x	as long as short
Bybit COINUSDT	0.0000%	8h	195.57	+0.061%	$4.7M	$6.2M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	195.54	+0.046%	$3.0M	$4.7M	20x	as long as short
Gate COIN_USDT	0.0000%	8h	195.62	+0.087%	$1.2M	$7.4M	50x	as long as short
Variational Omni COIN	0.0000%	8h	195.48	+0.015%	$668K	$1.0M	—	as long as short
GRVT COIN_USDT_Perp	+0.0002%	8h	195.50	+0.026%	$15K	$2.9M	10x	as long as short
Binance COINUSDT	+0.0028%	8h	195.58	+0.068%	$15.0M	$82.1M	20x	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	195.50	+0.026%	$465K	$1.5M	10x	as long as short
Extended COIN_24_5-USD	+0.0032%	1h	195.50	+0.023%	$104K	$860K	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	195.73	+0.143%	$17K	$58K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	195.45	0.000%	$15.1M	$12.9M	10x	as long as short
Polymarket Perps COIN-USDlong	+0.0050%	1h	195.45	long leg	$134K	$1.4M	10x
SoDEX COIN-USD	+0.0050%	1h	195.51	+0.031%	$78	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	195.43	−0.010%	$449K	$2.8M	10x	as long as short
QFEX COIN-USD	+0.0065%	1h	195.53	+0.041%	$1.3M	$2.9M	10x	as long as short
KuCoin COINUSDTMshort	+0.0100%	8h	195.37	−0.041%	$984K	$150K	20x
ApeX Omni COINUSDT	+0.0100%	1h	195.33	−0.061%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	195.49	+0.020%	$565	$4K	10x	as long as short
Lighter COIN	+0.0104%	1h	195.50	+0.026%	$363K	$2.3M	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	195.54	+0.045%	$115	—	10x	as long as short
BloFin COIN-USDT	+0.0112%	8h	195.62	+0.087%	$187K	$435K	20x	as long as short
Phoenix COIN	+0.0163%	1h	195.42	−0.015%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0459%	4h	195.46	+0.007%	$50K	$295K	10x	as long as short