Funding you earn now, next payment 21:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.238%
Price spread now: BloFin against Coinbase International+0.576%7-day average +0.371% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days+0.545%+$55 on $10k
+Price spread, last 3 days (all we have)+0.435%+$44 · spread now +0.576%, 7d avg +0.371%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.206% dearer against Coinbase International than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.371%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1111 | −0.0080 | get 0.0010% / 1h | 34m 42s | $202K | $254K | 50x |
| Short | BloFin POL-USDT | 0.1117 | 0.0340 | get 0.0170% / 4h | 2h 34m | $903K | $168K | 75x |
Coinbase International POL-PERP-INTX
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $88.2
- Price spread: +0.576% → +0.371%
- $20.55
- Slippage, 4 orders
- −$53.43
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $33.33
- Costs to cover
- 0.754%
- Break-even
- 4.4 days
Slippage from Coinbase International: live order book, 53 min ago; BloFin: live order book, 52 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, 53 min ago | 8.94 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 0.89 bp | 11.3 bp −$11 | 18.9 bp −$189 | 68.5 bp −$6,850 | 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 | −0.0080% | 1h | 0.1111 | long leg | $202K | $254K | 50x | |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1117 | +0.583% | $1.2M | $1.8M | 50x | as long as short |
| ApeX Omni POLUSDT | −0.0045% | 1h | 0.1115 | +0.360% | $197K | $660K | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0035% | 4h | 0.1117 | +0.540% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1117 | +0.537% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1117 | +0.531% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1118 | +0.590% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | 0.000% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0094% | 4h | 0.1115 | +0.388% | $1.1M | $3.4M | 10x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1116 | +0.450% | $312K | $559K | 8x | as long as short |
Kraken Futures PF_POLUSD
ApeX Omni POLUSDT
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
GRVT POL_USDT_Perp
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1118 | +0.612% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1116 | +0.488% | $371K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1116 | +0.439% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1115 | +0.369% | $16.0M | $16.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1116 | +0.459% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1116 | +0.477% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1116 | +0.423% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1117 | +0.504% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1116 | +0.423% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1117 | +0.504% | — | $7.3M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1115 | +0.334% | $658K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1116 | +0.463% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1115 | +0.405% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1118 | +0.601% | $3K | — | 100x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1117 | +0.576% | $903K | $168K | 75x |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]