Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.018%

Price spread now: Bybit against gTrade (Gains Network)−0.192%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 Bybit

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. Bybit is 0.192% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.7 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	0.1122	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	7m 44s	$24K	—	150x
Short	Bybit POLUSDT	0.1120	0.0100	get 0.0050% / 4h	7m 44s	$16.1M	$15.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.192%Rate

Funding earned: $20.15
Price spread: −0.192% → 0.000%: −$19.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.01
Costs to cover: 0.210%
Break-even: 14.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.45 bp	13.3 bp −$13	34.0 bp −$340	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
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1118	−0.334%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1122	+0.018%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.079%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0007%	1h	0.1122	long leg	$24K	—	150x
Orderly PERP_POL_USDC	+0.0012%	4h	0.1121	−0.076%	$11K	$185K	20x	as long as short
dYdX POL-USD	+0.0013%	1h	0.1121	−0.063%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.958%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	−0.142%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	−0.145%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	−0.155%	$17.3M	$49.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDTshort	+0.0100%	4h	0.1120	−0.192%	$16.1M	$15.1M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.156%	$5.8M	$11.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.147%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.085%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.085%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	−0.085%	$4.1M	$5.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	−0.183%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.420%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.272%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1121	−0.067%	$198K	$649K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.077%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.246%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	+0.008%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0223%	1h	0.1122	+0.013%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.138%	$909K	$163K	75x	as long as short