Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: Extended against BingX+0.035%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

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

costs, in and out, $10k−$630.627% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.035% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it 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	BingX POL-USDT	0.1100	0.0100	pay 0.0050% / 4h	1h 44m	—	$7.2M	—
Short	Extended POL-USD	0.1101	0.0104	get 0.0013% / 1h	44m 39s	$92K	$448K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0.84
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: −$47.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.36
Costs to cover: 0.627%
Break-even: 493.3 days

Slippage from BingX: live order book, 8 min ago; Extended: live order book, 18 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 BingX live order book, 8 min ago	2.27 bp	13.7 bp −$14	28.7 bp −$287	91.9 bp −$9,185	493.8 bp −$246.9K
Sell Extended live order book, 18 min ago	2.09 bp	17.7 bp −$18	129.4 bp −$1,294	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
Coinbase International POL-PERP-INTX	−0.0464%	1h	0.1098	−0.227%	$202K	$201K	50x	as long as short
ApeX Omni POLUSDT	−0.0133%	1h	0.1101	+0.045%	$195K	$635K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	+0.060%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	+0.058%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.086%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.954%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0045%	4h	0.1101	+0.055%	$11K	$299K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	+0.146%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.091%	$366K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	+0.048%	$17.1M	$42.2M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.009%	$15.9M	$11.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1100	0.000%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	+0.027%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.091%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.145%	$2.9M	$968K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	+0.091%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1100	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1100	−0.004%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	−0.012%	$1.1M	$2.7M	10x	as long as short
Extended POL-USDshort	+0.0104%	1h	0.1101	+0.035%	$92K	$448K	10x
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.045%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.098%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0232%	1h	0.1103	+0.264%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1102	+0.161%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	+0.064%	$911K	$161K	75x	as long as short