Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0288%/8h= +31.6% APRpaid last 24h +0.135%

Price spread now: GMX against Bitget+0.031%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 +$9 a day on $10k at the current rate, and GMX is 0.031% dearer against Bitget than usual: you sell high and buy low: +$3 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	Bitget POLUSDT	0.1093	0.0100	pay 0.0050% / 4h	1h 03m	$4.1M	$3.9M	50x
Short	GMX POL/USD [ETH-USDC]	0.1094	L +0.0210% / S −0.0388%	get 0.0049% / 1h	3m 59s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee BitgetbpFee GMXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $60.54
Price spread: +0.031% → 0.000%: $3.11
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $39.65
Costs to cover: 0.240%
Break-even: 2.4 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.83 bp	11.9 bp −$12	20.6 bp −$206	doesn't fit	doesn't fit
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	−0.0472%	1h	0.1088	−0.494%	$201K	$194K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1094	+0.032%	$1.2M	$994K	50x	as long as short
Gate POL_USDT	−0.0318%	4h	0.1093	−0.055%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.080%	$2K	—	—	as long as short
OKX POL-USDT-SWAP	−0.0002%	4h	0.1093	−0.027%	$5.7M	$9.3M	50x	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.126%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.053%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0006%	4h	0.1093	−0.037%	$11K	$1.5M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.610%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0056%	1h	0.1094	+0.055%	$194K	$641K	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1093	−0.017%	$277K	$543K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.110%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	+0.068%	$363K	$174K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	−0.037%	$16.7M	$36.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−0.046%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	−0.037%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.018%	$2.9M	$918K	50x	as long as short
Bitget POLUSDTlong	+0.0100%	4h	0.1093	long leg	$4.1M	$3.9M	50x
BingX POL-USDT	+0.0100%	4h	0.1093	−0.009%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	+0.069%	$605K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1094	+0.029%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.092%	$94K	$235K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.166%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1094	+0.031%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1094	+0.046%	$898K	$146K	75x	as long as short