Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.023%

Price spread now: Binance against gTrade (Gains Network)−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.038% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) POL/USD	0.1104	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	28m 52s	$24K	—	150x
Short	Binance POLUSDT	0.1103	0.0100	get 0.0050% / 4h	2h 28m	$17.1M	$44.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.038%Rate

Funding earned: $20.15
Price spread: −0.038% → 0.000%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.65
Costs to cover: 0.200%
Break-even: 8.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.45 bp	6.8 bp −$7	17.5 bp −$175	118.3 bp −$11.8K	doesn't fit

gTrade (Gains Network): 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 24 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	−0.0312%	1h	0.1101	−0.255%	$203K	$204K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1103	−0.052%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1105	+0.090%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0007%	1h	0.1104	long leg	$24K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.650%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1103	−0.056%	$11K	$329K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1103	−0.045%	$285K	$576K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	+0.053%	$367K	$275K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1103	−0.038%	$17.1M	$44.1M	75x
Bybit POLUSDT	+0.0100%	4h	0.1103	−0.056%	$16.0M	$12.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1103	−0.056%	$5.7M	$10.5M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1103	−0.038%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	−0.038%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1104	+0.016%	$2.9M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1104	−0.029%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1104	−0.029%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.067%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.142%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	−0.074%	$195K	$641K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1103	−0.055%	$95K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	−0.210%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1104	−0.015%	$1.2M	$1.2M	50x	as long as short
Hyperliquid POL	+0.0191%	1h	0.1105	+0.134%	$7.4M	$3.8M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	−0.004%	$3K	—	100x	as long as short