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 +0.167%

Price spread now: GMX against BingX+0.133%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.133% dearer against BingX than usual: you sell high and buy low: +$13 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	BingX POL-USDT	0.1115	0.0100	pay 0.0050% / 4h	2h 57m	—	$7.2M	—
Short	GMX POL/USD [ETH-USDC]	0.1116	L +0.0211% / S −0.0606%	get 0.0076% / 1h	57m 33s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $106.32
Price spread: +0.133% → 0.000%: $13.28
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $97.59
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	1.79 bp	12.3 bp −$12	24.0 bp −$240	84.0 bp −$8,395	447.2 bp −$223.6K
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
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1115	+0.018%	$203K	$255K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1116	+0.099%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0043%	4h	0.1115	+0.045%	$11K	$215K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1114	−0.048%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1115	+0.063%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1116	+0.151%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	−0.161%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0092%	4h	0.1117	+0.170%	$1.1M	$3.5M	10x	as long as short
Lighter POL	+0.0096%	1h	0.1115	+0.037%	$322K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1117	+0.197%	$7.6M	$4.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1115	−0.009%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1115	−0.009%	$17.0M	$52.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1114	−0.054%	$16.1M	$16.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1114	−0.027%	$5.8M	$12.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1116	+0.099%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1115	0.000%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1116	+0.090%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1114	−0.027%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1115	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1118	+0.311%	$659K	$260K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1116	+0.108%	$197K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1114	−0.038%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1114	−0.072%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0211% / S −0.0606%	1h	0.1116	+0.133%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1116	+0.135%	$905K	$169K	75x	as long as short