Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.152%

Price spread now: Bitget against Coinbase International+0.302%7-day average +0.386% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.533%+$53 on $10k

Price spread, last 4 days (all we have)+0.862%+$86 · spread now +0.302%, 7d avg +0.386%

Together, before fees+1.395%+$139 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.085% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.302% now, against its 7-day average of +0.386%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.533% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1093	−0.0480	get 0.0060% / 1h	0m 35s	$201K	$202K	50x
Short	Bitget POLUSDT	0.1096	0.0100	get 0.0050% / 4h	2h 00m	$4.1M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.302%Rate

Funding earned: $121.8
Price spread: +0.302% → +0.386%: −$8.46
Slippage, 4 orders: −$135.89
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.55
Costs to cover: 1.579%
Break-even: 9.6 days

Slippage from Coinbase International: live order book, 47 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 47 min ago	18.33 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.28 bp	16.2 bp −$16	33.7 bp −$337	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-INTXlong	−0.0480%	1h	0.1093	long leg	$201K	$202K	50x
Gate POL_USDT	−0.0198%	4h	0.1095	+0.183%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1096	+0.271%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1095	+0.187%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	+0.264%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1096	+0.271%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0032%	4h	0.1095	+0.201%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.647%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1096	+0.273%	$277K	$545K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	+0.407%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1096	+0.298%	$363K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1096	+0.274%	$16.7M	$37.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1096	+0.247%	$15.7M	$10.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1096	+0.274%	$5.6M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1096	+0.247%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1096	+0.274%	$2.9M	$938K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1096	+0.302%	$4.1M	$4.1M	50x
BingX POL-USDT	+0.0100%	4h	0.1096	+0.265%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1095	+0.178%	$605K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1096	+0.253%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1096	+0.274%	$195K	$633K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1096	+0.245%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1094	+0.112%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1096	+0.267%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1095	+0.192%	$895K	$155K	75x	as long as short