Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0686%/8h= +75.1% APRnext payment +$0.86 per $10,000 · paid last 24h +0.356%
Price spread now: GMX against Coinbase International+0.120%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and GMX is 0.120% dearer against Coinbase International than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International POL-PERP-INTX0.1111−0.0080get 0.0010% / 1h47m 08s$202K$254K50x
ShortGMX POL/USD [ETH-USDC]0.1112L +0.0211% / S −0.0606%get 0.0076% / 1h47m 08s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$144.12
Price spread: +0.120% → 0.000%
$11.97
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$134.09
Costs to cover
0.220%
Break-even
0.5 days
Slippage unknown: Coinbase International: live order book, 40 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 40 min ago8.94 bp13.9 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni POLUSDT−0.0462%1h0.1113+0.180%$197K$660K50xas long as short
Coinbase International POL-PERP-INTXlong−0.0080%1h0.1111long leg$202K$254K50x
Kraken Futures PF_POLUSD−0.0072%1h0.1112+0.115%$1.2M$1.8M50xas long as short
Orderly PERP_POL_USDC−0.0045%4h0.1112+0.054%$11K$210K20xas long as short
Reya POLRUSDPERP−0.0006%1h0.1111+0.030%$3Kas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0006%1h0.1113+0.135%$22K150xas long as short
dYdX POL-USD+0.0007%1h0.1113+0.197%$17K$3K5xas long as short
Injective POL/USDC PERP+0.0033%1h0.11110.000%$3K$124K12xas long as short
GRVT POL_USDT_Perp+0.0034%4h0.1112+0.087%$1.1M$3.5M10xas long as short
OKX POL-USDT-SWAP+0.0084%4h0.1111+0.027%$5.7M$12.1M50xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter POL+0.0096%1h0.1112+0.064%$311K$559K8xas long as short
Hyperliquid POL+0.0100%1h0.1113+0.216%$7.5M$4.6M5xas long as short
Aster POLUSDT+0.0100%4h0.1113+0.139%$370K$383K20xas long as short
Binance POLUSDT+0.0100%4h0.1111+0.036%$17.0M$52.0M75xas long as short
Bybit POLUSDT+0.0100%4h0.1111−0.009%$16.0M$16.4M75xas long as short
Gate POL_USDT+0.0100%4h0.1111−0.018%$1.9M$1.4M75xas long as short
MEXC POL_USDT+0.0100%4h0.1111+0.045%$23.3M$4.0M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1111+0.027%$2.8M$1.1M50xas long as short
Bitget POLUSDT+0.0100%4h0.1111+0.036%$4.1M$6.0M50xas long as short
BingX POL-USDC+0.0100%4h0.1111+0.045%$1.6Mas long as short
Variational Omni POL+0.0100%4h0.1112+0.046%$657K$230Kas long as short
Extended POL-USD+0.0104%1h0.1111+0.035%$93K$437K10xas long as short
Aevo POL-PERP+0.0104%1h0.1110−0.045%$41K3xas long as short
GMX POL/USD [ETH-USDC]shortL +0.0211% / S −0.0606%1h0.1112+0.120%$3K100x
BloFin POL-USDT+0.0340%4h0.1112+0.090%$905K$168K75xas long as short