Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Bitget against Bybit+0.100%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$630.625% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 7 days−0.053%−$5 · spread now +0.100%, 7d avg +0.022%
Together, before fees−0.074%−$7 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: Bitget is 0.078% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POLUSDT0.11010.0100pay 0.0050% / 4h2h 33m$15.9M$12.5M75x
ShortBitget POLUSDT0.11020.0100get 0.0050% / 4h2h 33m$4.2M$4.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.100% → +0.022%
$7.81
Slippage, 4 orders
−$39.5
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$54.69
Costs to cover
0.625%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.91 bp11.3 bp −$1135.7 bp −$357doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago2.27 bp14.4 bp −$1430.3 bp −$303doesn't fitdoesn't fit

POL on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0312%1h0.1101−0.027%$203K$204K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1102+0.064%$3Kas long as short
dYdX POL-USD0.0000%1h0.1104+0.200%$17K$4K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1103+0.130%$24K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+0.881%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0036%4h0.1102+0.064%$11K$331K20xas long as short
Lighter POL+0.0096%1h0.1102+0.083%$285K$576K8xas long as short
Aster POLUSDT+0.0100%4h0.1103+0.125%$367K$275K20xas long as short
Binance POLUSDT+0.0100%4h0.1102+0.087%$17.0M$44.2M75xas long as short
Bybit POLUSDTlong+0.0100%4h0.1101long leg$15.9M$12.5M75x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX POL-USDT-SWAP+0.0100%4h0.1102+0.082%$5.7M$10.5M50xas long as short
Gate POL_USDT+0.0100%4h0.1102+0.073%$1.8M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1103+0.109%$23.8M$3.6M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1103+0.118%$2.9M$1.0M50xas long as short
Bitget POLUSDTshort+0.0100%4h0.1102+0.100%$4.2M$4.9M50x
BingX POL-USDC+0.0100%4h0.1103+0.127%$1.6Mas long as short
Variational Omni POL+0.0100%4h0.1103+0.143%$611K$224Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1105+0.323%$1.1M$2.8M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1104+0.245%$195K$640K50xas long as short
Extended POL-USD+0.0104%1h0.1102+0.073%$95K$451K10xas long as short
Aevo POL-PERP+0.0104%1h0.1101−0.067%$40K3xas long as short
Kraken Futures PF_POLUSD+0.0117%1h0.1103+0.133%$1.2M$1.3M50xas long as short
Hyperliquid POL+0.0173%1h0.1104+0.254%$7.4M$3.8M5xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1103+0.114%$3K100xas long as short