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 −0.070%

Price spread now: Gate against BloFin−0.018%48s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as 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−$680.676% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.395%+$39 · spread now −0.018%, 7d avg −0.020%

Together, before fees+0.270%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 48 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 -0.124% in total (about -6.5% 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	0.1118	0.0340	pay 0.0170% / 4h	32m 23s	$911K	$168K	75x
Short	Gate POL_USDT	0.1118	0.0100	get 0.0050% / 4h	32m 23s	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$50.4
Price spread: −0.018% → −0.020%: $0.24
Slippage, 4 orders: −$40.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$117.74
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from BloFin: live order book, 45 min ago; Gate: 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, 45 min ago	0.89 bp	14.5 bp −$14	23.9 bp −$239	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.02 bp	22.0 bp −$22	187.0 bp −$1,870	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-INTX	−0.0128%	1h	0.1117	−0.072%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1119	+0.107%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	+0.048%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1118	+0.032%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1119	+0.111%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0007%	4h	0.1119	+0.072%	$11K	$189K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.608%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	+0.115%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1119	+0.106%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	+0.108%	$17.2M	$50.3M	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	+0.009%	$16.1M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	+0.072%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1118	−0.018%	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1119	+0.089%	$24.3M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1118	+0.027%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	+0.072%	$4.1M	$5.5M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1118	+0.054%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.047%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.081%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	+0.107%	$197K	$655K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	+0.079%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.051%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1119	+0.143%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0295%	1h	0.1121	+0.268%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDTlong	+0.0340%	4h	0.1118	long leg	$911K	$168K	75x