Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
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 0.000%
Price spread now: BingX against Bitget−0.136%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1751.753% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days+0.115%+$12 · spread now −0.136%, 7d avg −0.006%
Together, before fees+0.205%+$20 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: BingX is 0.130% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11030.0100pay 0.0050% / 4h2h 11m$4.2M$4.8M50x
ShortBingX POL-USDC0.11020.0100get 0.0050% / 4h2h 11m$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
$0
Price spread: −0.136% → −0.006%
−$13.02
Slippage, 4 orders
−$153.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$188.31
Costs to cover
1.753%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.18 bp17.5 bp −$1725.2 bp −$252doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago4.54 bp65.0 bp −$65361.9 bp −$3,6191155.2 bp −$115.5Kdoesn't fit

POL on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0312%1h0.1099−0.381%$202K$203K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1102−0.135%$3Kas long as short
dYdX POL-USD0.0000%1h0.1102−0.128%$17K$4K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1102−0.072%$24K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+0.707%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0044%4h0.1103−0.027%$11K$319K20xas long as short
Lighter POL+0.0096%1h0.1103−0.008%$285K$577K8xas long as short
Aster POLUSDT+0.0100%4h0.1103−0.059%$366K$276K20xas long as short
Binance POLUSDT+0.0100%4h0.1103−0.018%$17.1M$43.5M75xas long as short
Bybit POLUSDT+0.0100%4h0.1103−0.063%$16.0M$12.2M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX POL-USDT-SWAP+0.0100%4h0.1103+0.018%$5.7M$10.3M50xas long as short
Gate POL_USDT+0.0100%4h0.1101−0.163%$1.8M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1103−0.018%$23.8M$3.6M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1103−0.045%$2.9M$999K50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1103long leg$4.2M$4.8M50x
BingX POL-USDCshort+0.0100%4h0.1102−0.136%$1.7M
Variational Omni POL+0.0100%4h0.1101−0.204%$610K$224Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1101−0.184%$1.1M$2.8M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1101−0.199%$195K$636K50xas long as short
Extended POL-USD+0.0104%1h0.1103−0.043%$95K$446K10xas long as short
Aevo POL-PERP+0.0104%1h0.1101−0.154%$40K3xas long as short
Kraken Futures PF_POLUSD+0.0117%1h0.1104+0.083%$1.2M$1.2M50xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1103−0.060%$3K100xas long as short
Hyperliquid POL+0.0237%1h0.1104+0.096%$7.4M$3.8M5xas long as short