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: Bitget against BloFin−0.071%95s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.534% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)+0.568%+$57 · spread now −0.071%, 7d avg +0.027%

Together, before fees+0.471%+$47 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 Bitget is 0.099% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% 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	0.1120	0.0340	pay 0.0170% / 4h	1h 49m	$904K	$169K	75x
Short	Bitget POLUSDT	0.1119	0.0100	get 0.0050% / 4h	1h 49m	$4.2M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$50.4
Price spread: −0.071% → +0.027%: −$9.88
Slippage, 4 orders: −$29.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.67
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from BloFin: live order book, 32 min ago; Bitget: 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 BloFin live order book, 32 min ago	0.89 bp	8.0 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.68 bp	15.8 bp −$16	21.4 bp −$214	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	−0.768%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.768%	$202K	$250K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1119	−0.016%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0025%	4h	0.1119	−0.098%	$11K	$203K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.116%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1119	−0.064%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1119	−0.025%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1118	−0.125%	$305K	$563K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1119	−0.012%	$372K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1118	−0.170%	$17.1M	$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	0.1118	−0.179%	$16.1M	$16.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1118	−0.170%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1118	−0.152%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1118	−0.161%	$23.6M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1119	−0.054%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1119	−0.071%	$4.2M	$5.9M	50x
BingX POL-USDT	+0.0100%	4h	0.1118	−0.152%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.062%	$661K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1122	+0.204%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.214%	$199K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1118	−0.186%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.258%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0153%	1h	0.1120	+0.045%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1119	−0.030%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0340%	4h	0.1120	long leg	$904K	$169K	75x