POL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.055%

Price spread now: BloFin against Bybit+0.073%82s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$580.585% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−1.479%−$148 · spread now +0.073%, 7d avg +0.013%

Together, before fees−1.386%−$139 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.060% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 82 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 0.094% in total (about 4.9% 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	Bybit POLUSDT	0.1101	0.0100	pay 0.0050% / 4h	1h 42m	$15.9M	$11.9M	75x
Short	BloFin POL-USDT	0.1101	0.0340	get 0.0170% / 4h	1h 42m	$911K	$165K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $50.4
Price spread: +0.073% → +0.013%: $6.01
Slippage, 4 orders: −$35.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.06
Costs to cover: 0.585%
Break-even: 7.3 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 85 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, 1 min ago	0.45 bp	12.8 bp −$13	28.2 bp −$282	doesn't fit	doesn't fit
Sell BloFin live order book, 85 min ago	0.89 bp	8.8 bp −$9	14.0 bp −$140	51.0 bp −$5,102	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	−0.0464%	1h	0.1098	−0.245%	$202K	$201K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1103	+0.213%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1103	+0.254%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1104	+0.270%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.936%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0044%	4h	0.1103	+0.191%	$11K	$299K	20x	as long as short
ApeX Omni POLUSDT	+0.0048%	1h	0.1100	−0.064%	$195K	$636K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1104	+0.265%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1103	+0.238%	$367K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	+0.072%	$17.1M	$42.2M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDTlong	+0.0100%	4h	0.1101	long leg	$15.9M	$11.9M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	0.000%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1102	+0.100%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.064%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1104	+0.273%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1103	+0.173%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1102	+0.109%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1100	−0.022%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	−0.030%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1102	+0.124%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	+0.027%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	+0.269%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0228%	1h	0.1105	+0.363%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1104	+0.304%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDTshort	+0.0340%	4h	0.1101	+0.073%	$911K	$165K	75x