Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0506%/8h= +55.4% APRpaid last 24h +0.177%

Price spread now: GMX against Binance+0.040%7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.040% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1113	0.0100	pay 0.0050% / 4h	2h 50m	$17.0M	$52.1M	75x
Short	GMX POL/USD [ETH-USDC]	0.1113	L +0.0211% / S −0.0606%	get 0.0076% / 1h	50m 27s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $106.32
Price spread: +0.040% → 0.000%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $88.36
Costs to cover: 0.220%
Break-even: 1.2 days

Slippage unknown: Binance: live order book, 7 min ago; GMX: 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, 7 min ago	0.45 bp	10.1 bp −$10	22.0 bp −$220	170.6 bp −$17.1K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
ApeX Omni POLUSDT	−0.0185%	1h	0.1113	+0.045%	$197K	$660K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1111	−0.135%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1113	+0.002%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0046%	4h	0.1112	−0.018%	$11K	$211K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1112	−0.038%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1113	+0.078%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0010%	1h	0.1113	+0.062%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	+0.045%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0068%	4h	0.1116	+0.292%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0084%	4h	0.1113	+0.018%	$5.7M	$12.2M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1112	−0.017%	$311K	$559K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1114	+0.162%	$7.5M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1113	+0.059%	$370K	$383K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1113	long leg	$17.0M	$52.1M	75x
Bybit POLUSDT	+0.0100%	4h	0.1112	−0.063%	$16.0M	$16.5M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1111	−0.108%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1112	−0.018%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1112	−0.054%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1112	−0.045%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1112	−0.036%	—	$7.3M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1112	−0.089%	$657K	$230K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1112	−0.061%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1112	−0.083%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0211% / S −0.0606%	1h	0.1113	+0.040%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1112	−0.018%	$904K	$168K	75x	as long as short