Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)−0.079%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 Bitget

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. Bitget is 0.079% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days 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	0.1114	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	39m 18s	$22K	—	150x
Short	Bitget POLUSDT	0.1113	0.0100	get 0.0050% / 4h	2h 39m	$4.1M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: $20.15
Price spread: −0.079% → 0.000%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.74
Costs to cover: 0.220%
Break-even: 10.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.80 bp	15.6 bp −$16	28.2 bp −$282	doesn't fit	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 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	−0.0154%	1h	0.1113	−0.106%	$197K	$661K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1111	−0.285%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1113	−0.136%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0039%	4h	0.1113	−0.079%	$11K	$209K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1113	−0.106%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0006%	1h	0.1114	long leg	$22K	—	150x
dYdX POL-USD	+0.0004%	1h	0.1114	+0.015%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.285%	$3K	$124K	12x	as long as short
GRVT POL_USDT_Perp	+0.0064%	4h	0.1112	−0.223%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0092%	4h	0.1113	−0.106%	$5.8M	$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	−0.176%	$311K	$559K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1115	+0.083%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1114	−0.030%	$370K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1112	−0.196%	$17.0M	$51.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1113	−0.151%	$16.0M	$16.5M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1114	−0.043%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1113	−0.106%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1113	−0.097%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1113	−0.079%	$4.1M	$6.0M	50x
BingX POL-USDT	+0.0100%	4h	0.1113	−0.088%	—	$7.3M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1111	−0.258%	$657K	$211K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1113	−0.093%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1112	−0.196%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1114	−0.013%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1113	−0.133%	$903K	$167K	75x	as long as short