Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.175%

Price spread now: OKX against Coinbase International+0.981%7-day average +0.370% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 3 days (all we have)+0.296%+$30 · spread now +0.981%, 7d avg +0.370%

Together, before fees+0.600%+$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.611% dearer against Coinbase International than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of +0.370%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1111	−0.0128	get 0.0016% / 1h	42m 45s	$202K	$250K	50x
Short	OKX POL-USDT-SWAP	0.1122	0.0100	get 0.0050% / 4h	1h 42m	$5.8M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.981%Rate

Funding earned: $47.88
Price spread: +0.981% → +0.370%: $61.15
Slippage, 4 orders: −$59.49
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $29.53
Costs to cover: 0.795%
Break-even: 2.7 days

Slippage from Coinbase International: live order book, 40 min ago; OKX: live order book, just now.

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, 40 min ago	8.92 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, just now	0.45 bp	12.8 bp −$13	55.9 bp −$559	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	0.000%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTXlong	−0.0128%	1h	0.1111	long leg	$202K	$250K	50x
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	+1.006%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0026%	4h	0.1121	+0.918%	$11K	$202K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	+0.931%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1123	+1.052%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1122	+0.988%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1122	+1.011%	$306K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	+1.007%	$373K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1122	+0.999%	$17.1M	$51.4M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1121	+0.945%	$16.2M	$16.0M	75x	as long as short
OKX POL-USDT-SWAPshort	+0.0100%	4h	0.1122	+0.981%	$5.8M	$12.1M	50x
Gate POL_USDT	+0.0100%	4h	0.1121	+0.927%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	+1.026%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	+0.963%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+1.017%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1122	+1.017%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.643%	$660K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	+0.865%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.810%	$198K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	+0.963%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	+0.810%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0165%	1h	0.1124	+1.188%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1122	+0.967%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	+0.936%	$907K	$169K	75x	as long as short