Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.012%

Price spread now: GRVT against Extended−0.011%92s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as 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−$670.665% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.011%, 7d avg +0.054%

Together, before fees+0.030%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.066% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 92 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	Extended POL-USD	0.1119	0.0104	pay 0.0013% / 1h	31m 57s	$93K	$427K	10x
Short	GRVT POL_USDT_Perp	0.1119	0.0100	get 0.0050% / 4h	31m 57s	$1.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$0.84
Price spread: −0.011% → +0.054%: −$6.56
Slippage, 4 orders: −$52.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$73.94
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from Extended: live order book, 46 min ago; GRVT: 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 Extended live order book, 46 min ago	1.56 bp	15.5 bp −$16	168.9 bp −$1,689	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.79 bp	20.1 bp −$20	32.6 bp −$326	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-INTX	−0.0128%	1h	0.1117	−0.164%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1119	+0.055%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.044%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1118	−0.060%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1119	+0.019%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0007%	4h	0.1119	−0.021%	$11K	$189K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.700%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	+0.043%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.073%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	+0.039%	$17.2M	$50.3M	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	0.1118	−0.038%	$16.1M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.021%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1118	−0.110%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1119	+0.051%	$24.4M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1118	−0.056%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	−0.012%	$4.1M	$5.5M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1119	+0.015%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.139%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perpshort	+0.0100%	4h	0.1119	−0.011%	$1.1M	$3.2M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	+0.015%	$197K	$655K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1119	long leg	$93K	$427K	10x
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.143%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1119	+0.051%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0296%	1h	0.1121	+0.185%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	−0.092%	$911K	$168K	75x	as long as short