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 −0.023%

Price spread now: Gate against BingX0.000%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1521.516% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.040%−$4 · spread now 0.000%, 7d avg −0.034%

Together, before fees−0.159%−$16 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: Gate is 0.034% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1123	0.0100	pay 0.0050% / 4h	1h 40m	—	$1.6M	—
Short	Gate POL_USDT	0.1123	0.0100	get 0.0050% / 4h	1h 40m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.034%: $3.36
Slippage, 4 orders: −$126.6
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$148.24
Costs to cover: 1.516%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Gate: 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 BingX live order book, 6 min ago	4.47 bp	52.7 bp −$53	325.1 bp −$3,251	1111.8 bp −$111.2K	doesn't fit
Sell Gate live order book, 2 min ago	2.23 bp	17.9 bp −$18	181.3 bp −$1,813	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	−1.060%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	−0.080%	$204K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	+0.068%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0026%	4h	0.1123	−0.027%	$11K	$201K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1123	−0.029%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1124	+0.069%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1124	+0.075%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1123	+0.003%	$307K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1123	+0.013%	$373K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1123	−0.008%	$17.1M	$51.4M	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	0.1122	−0.053%	$16.2M	$16.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	+0.009%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1123	0.000%	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1123	0.000%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1123	+0.027%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	−0.009%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1123	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1118	−0.424%	$660K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	−0.204%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.258%	$198K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	−0.041%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1121	−0.188%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0158%	1h	0.1125	+0.196%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1123	+0.047%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1122	−0.098%	$905K	$169K	75x	as long as short