Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: GRVT against Binance−0.216%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 7 days+0.254%+$25 · spread now −0.216%, 7d avg +0.026%

Together, before fees+0.219%+ Points / potential airdropGRVT: Active · farm board+$22 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: GRVT is 0.242% cheaper against Binance than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.026%.

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 55m	$17.1M	$51.5M	75x
Short	GRVT POL_USDT_Perp	0.1120	0.0100	get 0.0050% / 4h	1h 55m	$1.1M	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → +0.026%: −$24.16
Slippage, 4 orders: −$46.77
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$89.93
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; GRVT: live order book, 3 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, 2 min ago	0.45 bp	11.2 bp −$11	25.1 bp −$251	184.9 bp −$18.5K	doesn't fit
Sell GRVT live order book, 3 min ago	0.45 bp	16.4 bp −$16	54.3 bp −$543	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−0.980%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.980%	$202K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	−0.025%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0025%	4h	0.1121	−0.125%	$11K	$204K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1122	−0.011%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1121	−0.107%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1121	−0.072%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1121	−0.080%	$311K	$558K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	−0.112%	$373K	$359K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1122	long leg	$17.1M	$51.5M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1121	−0.071%	$16.2M	$16.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1122	0.000%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.178%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	0.000%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.116%	$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	0.1121	−0.116%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1116	−0.504%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perpshort	+0.0100%	4h	0.1120	−0.216%	$1.1M	$3.4M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	−0.267%	$198K	$662K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.097%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.261%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1121	−0.064%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0229%	1h	0.1124	+0.205%	$7.6M	$4.6M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	−0.365%	$906K	$168K	75x	as long as short