Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: GRVT against BingX−0.085%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: 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: GRVT is 0.085% cheaper against BingX than usual: you would sell low and buy high, −$8 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	0.1101	0.0100	pay 0.0050% / 4h	1h 44m	—	$7.2M	—
Short	GRVT POL_USDT_Perp	0.1100	0.0100	get 0.0050% / 4h	1h 44m	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: −$38.15
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$65.63
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; GRVT: live order book, 4 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 GRVT live order book, 4 min ago	1.36 bp	12.1 bp −$12	25.6 bp −$256	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	−0.300%	$202K	$201K	50x	as long as short
ApeX Omni POLUSDT	−0.0133%	1h	0.1101	−0.027%	$195K	$635K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.012%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	−0.015%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.014%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.881%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0045%	4h	0.1101	−0.018%	$11K	$299K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	+0.074%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.018%	$366K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1102	+0.034%	$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	−0.082%	$15.9M	$11.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	−0.036%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	−0.054%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	+0.064%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.054%	$2.9M	$968K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	+0.054%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1101	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1100	−0.077%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perpshort	+0.0100%	4h	0.1100	−0.085%	$1.1M	$2.7M	10x
Extended POL-USD	+0.0104%	1h	0.1102	+0.064%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.118%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.025%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0232%	1h	0.1103	+0.191%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1102	+0.088%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	−0.009%	$911K	$161K	75x	as long as short