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 0.000%

Price spread now: Variational Omni against BingX−0.187%7-day average −0.036% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.187%, 7d avg −0.036%

Together, before fees+0.264%+ Points / potential airdropVariational Omni: Active · farm board+$26 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: Variational Omni is 0.150% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1125	0.0100	pay 0.0050% / 4h	1h 01m	—	$1.6M	—
Short	Variational Omni POL	0.1123	0.0100	get 0.0050% / 4h	1h 01m	$663K	$189K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → −0.036%: −$15.05
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.05
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; Variational Omni: RFQ quote, 18 min ago. 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, 11 min ago	4.45 bp	52.7 bp −$53	265.5 bp −$2,655	974.3 bp −$97.4K	doesn't fit
Sell Variational Omni RFQ quote, 18 min ago	4.44 bp	doesn't fit	40.0 bp −$400	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	−1.253%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	−0.276%	$205K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1126	+0.057%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0008%	4h	0.1124	−0.053%	$11K	$195K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1124	−0.111%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1125	+0.013%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0012%	1h	0.1124	−0.099%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1125	+0.023%	$300K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1125	+0.008%	$374K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	+0.062%	$17.4M	$50.8M	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	0.1125	−0.027%	$16.2M	$15.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	+0.027%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1124	−0.107%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1125	+0.036%	$24.2M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1124	−0.062%	$2.8M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	+0.062%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1125	long leg	—	$1.6M	—
Variational Omni POLshort	+0.0100%	4h	0.1123	−0.187%	$663K	$189K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1124	−0.062%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1124	−0.098%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1125	+0.033%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	−0.098%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1125	+0.012%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0272%	1h	0.1128	+0.267%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1125	−0.018%	$914K	$169K	75x	as long as short