Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Bybit+0.046%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.046% dearer against Bybit than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1125	0.0100	pay 0.0050% / 4h	3h 13m	$16.2M	$12.9M	75x
Short	gTrade (Gains Network) POL/USD	0.1126	L +0.0004% / S −0.0007%	get 0.0001% / 1h	13m 37s	$24K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.046%Rate

Funding earned: −$19.47
Price spread: +0.046% → 0.000%: $4.62
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.85
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 5 min ago	0.45 bp	13.3 bp −$13	32.2 bp −$322	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_POLUSD	−0.0238%	1h	0.1127	+0.129%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.835%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1125	−0.042%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0004% / S −0.0007%	1h	0.1126	+0.046%	$24K	—	150x
dYdX POL-USD	+0.0018%	1h	0.1127	+0.126%	$17K	$4K	5x	as long as short
Orderly PERP_POL_USDC	+0.0024%	4h	0.1125	−0.009%	$11K	$162K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.280%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1127	+0.129%	$294K	$585K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1127	+0.118%	$374K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	+0.041%	$17.3M	$44.1M	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	0.1125	long leg	$16.2M	$12.9M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	−0.036%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	+0.053%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1127	+0.098%	$24.4M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1127	+0.116%	$3.0M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	+0.044%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1127	+0.116%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.033%	$623K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.053%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1127	+0.142%	$199K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1126	+0.076%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	−0.124%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0179%	1h	0.1128	+0.249%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1126	+0.033%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	+0.098%	$912K	$161K	75x	as long as short