Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.059%
Price spread now: BloFin against Binance0.000%61s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)−0.392%−$39 · spread now 0.000%, 7d avg −0.021%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.021% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POLUSDT | 0.1121 | 0.0100 | pay 0.0050% / 4h | 28m 18s | $17.2M | $50.2M | 75x |
| Short | BloFin POL-USDT | 0.1121 | 0.0340 | get 0.0170% / 4h | 28m 18s | $913K | $169K | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: 0.000% → −0.021%
- $2.07
- Slippage, 4 orders
- −$22.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $8.15
- Costs to cover
- 0.443%
- Break-even
- 5.9 days
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 49 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 Binance live order book, 14 min ago | 0.45 bp | 10.5 bp −$11 | 23.3 bp −$233 | 187.9 bp −$18.8K | doesn't fit |
| Sell BloFin live order book, 49 min ago | 0.89 bp | 11.0 bp −$11 | 20.3 bp −$203 | 75.8 bp −$7,580 | 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 | −0.0128% | 1h | 0.1117 | −0.330% | $204K | $224K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.014% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | −0.039% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1121 | +0.027% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1121 | +0.053% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0009% | 4h | 0.1121 | −0.009% | $11K | $189K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.866% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.026% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | +0.073% | $373K | $353K | 20x | as long as short |
| Binance POLUSDTlong | +0.0100% | 4h | 0.1121 | long leg | $17.2M | $50.2M | 75x |
Show all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1120 | −0.062% | $16.2M | $15.3M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1121 | −0.009% | $5.8M | $11.8M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.027% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | +0.009% | $24.4M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1121 | +0.027% | $2.9M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | −0.018% | $4.2M | $5.4M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1121 | +0.009% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1118 | −0.257% | $660K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | −0.166% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | −0.062% | $198K | $656K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | −0.014% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.152% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1121 | +0.039% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0291% | 1h | 0.1123 | +0.170% | $7.6M | $4.0M | 5x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1121 | 0.000% | $913K | $169K | 75x |
Binance POLUSDT
BloFin POL-USDT
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
GMX POL/USD [ETH-USDC]
Hyperliquid POL