Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.016%

Price spread now: gTrade (Gains Network) against Binance−0.020%7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1122	0.0100	pay 0.0050% / 4h	1h 42m	$17.1M	$51.4M	75x
Short	gTrade (Gains Network) POL/USD	0.1122	L +0.0004% / S −0.0006%	get 0.0001% / 1h	42m 49s	$22K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.020%Rate

Funding earned: −$19.7
Price spread: −0.020% → 0.000%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; gTrade (Gains Network): no order-book sample. 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 Binance live order book, 14 min ago	0.45 bp	11.2 bp −$11	25.1 bp −$251	184.9 bp −$18.5K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−0.998%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.998%	$202K	$250K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	−0.002%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0026%	4h	0.1121	−0.089%	$11K	$202K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.077%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1122	−0.037%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0004% / S −0.0006%	1h	0.1122	−0.020%	$22K	—	150x
Lighter POL	+0.0096%	1h	0.1122	−0.056%	$305K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	−0.022%	$373K	$359K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1122	long leg	$17.1M	$51.4M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1122	−0.027%	$16.2M	$16.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1122	−0.018%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1121	−0.080%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	+0.009%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	−0.027%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+0.009%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1122	−0.018%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	−0.361%	$660K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	−0.142%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.196%	$198K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	−0.045%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.196%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0168%	1h	0.1124	+0.134%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1122	−0.041%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	−0.071%	$907K	$169K	75x	as long as short