Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0761%/8h= −83.4% APRpaid last 24h −0.211%

Price spread now: Coinbase International against BloFin−0.273%7-day average −0.348% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1571.570% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.721%−$72 on $10k

Price spread, last 4 days (all we have)−0.620%−$62 · spread now −0.273%, 7d avg −0.348%

Together, before fees−1.342%−$134 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.075% dearer against BloFin than usual: you sell high and buy low (spread −0.273% now, against its 7-day average of −0.348%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.721% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1097	0.0161	pay 0.0081% / 4h	3h 39m	$897K	$146K	75x
Short	Coinbase International POL-PERP-INTX	0.1094	−0.0600	pay 0.0075% / 1h	39m 11s	$200K	$180K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.273%Rate

Funding earned: −$159.89
Price spread: −0.273% → −0.348%: $7.48
Slippage, 4 orders: −$134.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$309.39
Costs to cover: 1.570%
Break-even: never at this rate

Slippage from BloFin: live order book, 38 min ago; Coinbase International: live order book, 59 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, 38 min ago	1.38 bp	13.7 bp −$14	18.5 bp −$185	63.7 bp −$6,374	doesn't fit
Sell Coinbase International live order book, 59 min ago	18.33 bp	105.1 bp −$105	doesn't fit	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
Coinbase International POL-PERP-INTXshort	−0.0600%	1h	0.1094	−0.273%	$200K	$180K	50x
Kraken Futures PF_POLUSD	−0.0474%	1h	0.1096	−0.067%	$1.2M	$973K	50x	as long as short
Bybit POLUSDT	−0.0152%	4h	0.1095	−0.164%	$15.7M	$9.5M	75x	as long as short
Orderly PERP_POL_USDC	−0.0094%	4h	0.1096	−0.100%	$11K	$2.2M	20x	as long as short
ApeX Omni POLUSDT	−0.0072%	1h	0.1096	−0.091%	$169K	$654K	50x	as long as short
OKX POL-USDT-SWAP	−0.0071%	4h	0.1095	−0.146%	$5.7M	$9.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1096	−0.132%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1098	+0.056%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1097	+0.013%	$9K	—	150x	as long as short
Gate POL_USDT	+0.0006%	4h	0.1096	−0.055%	$1.8M	$1.2M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT POL_USDT_Perp	+0.0016%	4h	0.1097	−0.029%	$1.1M	$2.9M	10x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.276%	$3K	$124K	12x	as long as short
Extended POL-USD	+0.0040%	1h	0.1095	−0.152%	$91K	$521K	10x	as long as short
Binance POLUSDT	+0.0040%	4h	0.1095	−0.169%	$16.7M	$35.7M	75x	as long as short
MEXC POL_USDT	+0.0042%	4h	0.1095	−0.137%	$25.2M	$3.4M	125x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1097	−0.005%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1096	−0.089%	$274K	$539K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	+0.002%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1096	−0.055%	$363K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1097	−0.027%	$2.8M	$871K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	−0.164%	$4.0M	$3.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1095	−0.155%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1096	−0.121%	$606K	$166K	—	as long as short
BloFin POL-USDTlong	+0.0161%	4h	0.1097	long leg	$897K	$146K	75x
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1097	+0.005%	$3K	—	100x	as long as short