Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: Bybit against Gate+0.045%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$750.745% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.045%, 7d avg +0.017%

Together, before fees+0.023%+$2 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: Bybit is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1108	0.0100	pay 0.0050% / 4h	2h 51m	$1.8M	$1.2M	75x
Short	Bybit POLUSDT	0.1109	0.0100	get 0.0050% / 4h	2h 51m	$16.0M	$12.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.017%: $2.85
Slippage, 4 orders: −$48.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.68
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: 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 Gate live order book, 1 min ago	4.96 bp	21.4 bp −$21	175.0 bp −$1,750	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.90 bp	15.1 bp −$15	35.6 bp −$356	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	−0.0312%	1h	0.1103	−0.460%	$203K	$202K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1108	+0.007%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1110	+0.153%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1109	+0.099%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0033%	4h	0.1108	+0.027%	$11K	$194K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.262%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0050%	1h	0.1108	−0.009%	$196K	$643K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1110	+0.140%	$287K	$575K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1111	+0.253%	$7.5M	$3.9M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1108	+0.036%	$368K	$275K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1109	+0.108%	$17.1M	$44.0M	75x	as long as short
Bybit POLUSDTshort	+0.0100%	4h	0.1109	+0.045%	$16.0M	$12.7M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1109	+0.126%	$5.7M	$10.5M	50x	as long as short
Gate POL_USDTlong	+0.0100%	4h	0.1108	long leg	$1.8M	$1.2M	75x
MEXC POL_USDT	+0.0100%	4h	0.1109	+0.090%	$24.0M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1109	+0.072%	$2.9M	$986K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1108	+0.009%	$4.1M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1109	+0.036%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1108	−0.038%	$614K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1108	−0.008%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1109	+0.056%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1108	−0.009%	$41K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1110	+0.150%	$1.2M	$1.3M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1109	+0.107%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1109	+0.072%	$911K	$155K	75x	as long as short