Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.129%

Price spread now: Coinbase International against Gate+0.175%7-day average −0.336% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1751.746% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.514%−$51 on $10k

Price spread, last 4 days (all we have)−1.330%−$133 · spread now +0.175%, 7d avg −0.336%

Together, before fees−1.844%−$184 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.511% dearer against Gate than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of −0.336%): +$51 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1084	−0.0236	get 0.0118% / 4h	2h 31m	$1.8M	$1.3M	75x
Short	Coinbase International POL-PERP-INTX	0.1086	−0.0480	pay 0.0060% / 1h	31m 47s	$200K	$200K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$51.24
Price spread: +0.175% → −0.336%: $51.13
Slippage, 4 orders: −$149.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$174.71
Costs to cover: 1.746%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 16 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	5.53 bp	24.2 bp −$24	180.1 bp −$1,801	doesn't fit	doesn't fit
Sell Coinbase International live order book, 16 min ago	18.33 bp	104.1 bp −$104	doesn't fit	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-INTXshort	−0.0480%	1h	0.1086	+0.175%	$200K	$200K	50x
Gate POL_USDTlong	−0.0236%	4h	0.1084	long leg	$1.8M	$1.3M	75x
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1085	+0.070%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1085	+0.084%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1087	+0.262%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1086	+0.149%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.481%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1085	+0.065%	$11K	$922K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1085	+0.082%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1086	+0.197%	$7.3M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1085	+0.128%	$360K	$242K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1084	+0.031%	$16.6M	$38.4M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1084	0.000%	$15.6M	$10.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1084	−0.028%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1085	+0.055%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1085	+0.111%	$2.8M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1084	+0.028%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1085	+0.092%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1088	+0.381%	$602K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1089	+0.449%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1090	+0.544%	$193K	$630K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1085	+0.039%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1087	+0.231%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1086	+0.139%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	+0.609%	$899K	$160K	75x	as long as short