Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.019%

Price spread now: OKX against gTrade (Gains Network)−0.120%113s7-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 OKX

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. OKX is 0.120% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.5 days of funding at the current rate (+$1 a day). The two prices were read 113 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	gTrade (Gains Network) POL/USD	0.1090	L +0.0003% / S −0.0001%	pay 0.0000% / 1h	34m 35s	$12K	—	150x
Short	OKX POL-USDT-SWAP	0.1089	0.0050	get 0.0025% / 4h	1h 34m	$5.6M	$9.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $9.86
Price spread: −0.120% → 0.000%: −$12.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.16
Costs to cover: 0.200%
Break-even: 22.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.38 bp	13.7 bp −$14	38.3 bp −$383	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	−0.0472%	1h	0.1088	−0.212%	$201K	$203K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0380%	1h	0.1090	−0.024%	$1.1M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0324%	4h	0.1089	−0.120%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1089	−0.111%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1090	−0.019%	$18K	$3K	5x	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0003% / S −0.0001%	1h	0.1090	long leg	$12K	—	150x
Orderly PERP_POL_USDC	+0.0029%	4h	0.1089	−0.102%	$11K	$1.3M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.898%	$3K	$124K	12x	as long as short
OKX POL-USDT-SWAPshort	+0.0050%	4h	0.1089	−0.120%	$5.6M	$9.4M	50x
Lighter POL	+0.0096%	1h	0.1090	−0.049%	$276K	$543K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1091	+0.100%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1090	−0.014%	$361K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1089	−0.078%	$16.6M	$37.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1089	−0.148%	$15.7M	$10.0M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1090	−0.047%	$24.6M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1090	−0.010%	$2.9M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1090	−0.019%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1090	−0.065%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1089	−0.115%	$602K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1090	+0.008%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1091	+0.063%	$194K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1089	−0.080%	$93K	$240K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1088	−0.199%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1090	+0.002%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1090	−0.056%	$895K	$149K	75x	as long as short