Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.168%

Price spread now: Gate against Coinbase International+0.090%50s7-day average +0.348% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as 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−$960.957% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.421%+$42 on $10k

Price spread, last 3 days (all we have)+1.663%+$166 · spread now +0.090%, 7d avg +0.348%

Together, before fees+2.083%+$208 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.258% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.090% now, against its 7-day average of +0.348%). If the spread goes back, that is −$26 on $10k: about 4.8 days of funding at the current rate (+$5 a day). The two prices were read 50 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	Coinbase International POL-PERP-INTX	0.1111	−0.0080	get 0.0010% / 1h	41m 21s	$202K	$254K	50x
Short	Gate POL_USDT	0.1112	0.0100	get 0.0050% / 4h	2h 41m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.090%Rate

Funding earned: $37.8
Price spread: +0.090% → +0.348%: −$25.76
Slippage, 4 orders: −$70.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.64
Costs to cover: 0.957%
Break-even: 22.5 days

Slippage from Coinbase International: live order book, 46 min ago; Gate: live order book, 1 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, 46 min ago	8.94 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.15 bp	24.3 bp −$24	191.8 bp −$1,918	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
ApeX Omni POLUSDT	−0.0227%	1h	0.1112	+0.090%	$197K	$661K	50x	as long as short
Coinbase International POL-PERP-INTXlong	−0.0080%	1h	0.1111	long leg	$202K	$254K	50x
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1114	+0.236%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0042%	4h	0.1112	+0.072%	$11K	$209K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1112	+0.045%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1113	+0.162%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0005%	1h	0.1113	+0.204%	$17K	$3K	5x	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	+0.0036%	4h	0.1111	+0.029%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0085%	4h	0.1112	+0.090%	$5.7M	$12.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1112	+0.110%	$311K	$559K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1114	+0.243%	$7.5M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1113	+0.198%	$370K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1112	+0.046%	$17.0M	$51.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1111	+0.045%	$16.0M	$16.5M	75x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1112	+0.090%	$1.9M	$1.4M	75x
MEXC POL_USDT	+0.0100%	4h	0.1112	+0.072%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1112	+0.090%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1112	+0.090%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1112	+0.090%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1111	−0.031%	$656K	$211K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1112	+0.079%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1111	+0.045%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1113	+0.138%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1111	−0.009%	$906K	$167K	75x	as long as short