Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against Bybit+0.002%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.002%, 7d avg +0.025%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1091	0.0100	pay 0.0050% / 4h	58m 59s	$15.7M	$9.6M	75x
Short	Binance POLUSDT	0.1091	0.0100	get 0.0050% / 4h	58m 59s	$16.6M	$36.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.025%: −$2.23
Slippage, 4 orders: −$25.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.8
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 13 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 Bybit live order book, 4 min ago	0.46 bp	11.6 bp −$12	32.0 bp −$320	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.46 bp	12.0 bp −$12	25.5 bp −$255	129.6 bp −$13.0K	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	−0.0544%	1h	0.1088	−0.257%	$201K	$193K	50x	as long as short
Gate POL_USDT	−0.0334%	4h	0.1092	+0.092%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1092	+0.129%	$1.2M	$994K	50x	as long as short
OKX POL-USDT-SWAP	−0.0027%	4h	0.1090	−0.028%	$5.7M	$9.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1091	+0.039%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	+0.147%	$19K	$3K	5x	as long as short
Orderly PERP_POL_USDC	0.0000%	4h	0.1092	+0.083%	$11K	$1.6M	20x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1092	+0.138%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.852%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0091%	1h	0.1093	+0.202%	$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	0.1092	+0.079%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1093	+0.211%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	+0.089%	$362K	$174K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1091	+0.002%	$16.6M	$36.5M	75x
Bybit POLUSDTlong	+0.0100%	4h	0.1091	long leg	$15.7M	$9.6M	75x
MEXC POL_USDT	+0.0100%	4h	0.1091	+0.046%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.174%	$2.9M	$916K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1092	+0.083%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1091	+0.055%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	+0.056%	$604K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1092	+0.110%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1091	+0.017%	$91K	$328K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.028%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1092	+0.140%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	+0.028%	$897K	$146K	75x	as long as short