Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against Binance−0.064%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.064%, 7d avg −0.025%

Together, before fees+0.170%+$17 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: Bybit is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1119	0.0100	pay 0.0050% / 4h	3h 46m	$17.2M	$47.1M	75x
Short	Bybit POLUSDT	0.1119	0.0100	get 0.0050% / 4h	3h 46m	$16.1M	$14.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.025%: −$3.9
Slippage, 4 orders: −$34.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.27
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago	0.45 bp	12.0 bp −$12	26.3 bp −$263	199.7 bp −$20.0K	doesn't fit
Sell Bybit live order book, 2 min ago	1.34 bp	17.3 bp −$17	36.5 bp −$365	doesn't fit	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
Kraken Futures PF_POLUSD	−0.0240%	1h	0.1119	+0.019%	$1.2M	$1.4M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1115	−0.377%	$204K	$208K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.066%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1119	−0.009%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	+0.037%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0015%	4h	0.1119	−0.038%	$11K	$179K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.735%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	+0.020%	$294K	$579K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.039%	$372K	$340K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1119	long leg	$17.2M	$47.1M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDTshort	+0.0100%	4h	0.1119	−0.064%	$16.1M	$14.0M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.002%	$5.8M	$11.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1118	−0.082%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1119	−0.047%	$24.2M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.052%	$3.0M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	−0.002%	$4.2M	$5.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1119	−0.020%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.196%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.039%	$1.1M	$3.0M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1118	−0.109%	$197K	$644K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	−0.059%	$93K	$480K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.037%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0126%	1h	0.1121	+0.147%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1119	+0.020%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.029%	$910K	$159K	75x	as long as short