POL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.047%

Price spread now: BingX against BloFin−0.187%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.935%+$94 · spread now −0.187%, 7d avg +0.008%

Together, before fees+0.930%+$93 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.195% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1125	0.0340	pay 0.0170% / 4h	1h 12m	$915K	$170K	75x
Short	BingX POL-USDT	0.1123	0.0100	get 0.0050% / 4h	1h 12m	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.187%Rate

Funding earned: −$50.4
Price spread: −0.187% → +0.008%: −$19.48
Slippage, 4 orders: −$30.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$122.06
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 4 min ago	0.89 bp	14.5 bp −$14	23.9 bp −$239	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.22 bp	12.8 bp −$13	21.8 bp −$218	78.6 bp −$7,860	507.2 bp −$253.6K

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	−1.271%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1125	−0.027%	$206K	$237K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	−0.140%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0013%	4h	0.1123	−0.222%	$11K	$198K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1123	−0.245%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1124	−0.145%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0014%	1h	0.1124	−0.117%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1124	−0.134%	$300K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1123	−0.177%	$376K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1124	−0.151%	$17.4M	$51.5M	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	0.1123	−0.240%	$16.2M	$15.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	−0.187%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1124	−0.124%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1123	−0.178%	$23.7M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1123	−0.196%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	−0.169%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDTshort	+0.0100%	4h	0.1123	−0.187%	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1125	−0.048%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.023%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1125	−0.027%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	−0.215%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1122	−0.335%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1124	−0.158%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0231%	1h	0.1126	+0.044%	$7.6M	$4.6M	5x	as long as short
BloFin POL-USDTlong	+0.0340%	4h	0.1125	long leg	$915K	$170K	75x