Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.020%

Price spread now: Extended against Gate+0.045%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.045%, 7d avg +0.012%

Together, before fees−0.177%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1085	−0.0236	get 0.0118% / 4h	2h 32m	$1.8M	$1.3M	75x
Short	Extended POL-USD	0.1085	0.0104	get 0.0013% / 1h	32m 14s	$91K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.045%Rate

Funding earned: $71.4
Price spread: +0.045% → +0.012%: $3.28
Slippage, 4 orders: −$59.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.61
Costs to cover: 0.793%
Break-even: 7.5 days

Slippage from Gate: live order book, just now; Extended: live order book, 15 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, just now	5.53 bp	24.2 bp −$24	180.1 bp −$1,801	doesn't fit	doesn't fit
Sell Extended live order book, 15 min ago	1.84 bp	15.6 bp −$16	145.1 bp −$1,451	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	−0.0480%	1h	0.1086	+0.129%	$200K	$200K	50x	as long as short
Gate POL_USDTlong	−0.0236%	4h	0.1085	long leg	$1.8M	$1.3M	75x
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1085	+0.024%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1085	+0.038%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1087	+0.215%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1086	+0.102%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.434%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1085	+0.018%	$11K	$922K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1085	+0.036%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1087	+0.212%	$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	0.1086	+0.090%	$360K	$242K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1085	+0.026%	$16.6M	$38.4M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1084	−0.037%	$15.6M	$10.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1084	−0.018%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1085	−0.009%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1085	+0.065%	$2.8M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1085	+0.055%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1085	+0.074%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1088	+0.335%	$602K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1089	+0.402%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1090	+0.498%	$193K	$630K	50x	as long as short
Extended POL-USDshort	+0.0104%	1h	0.1085	+0.045%	$91K	$270K	10x
Aevo POL-PERP	+0.0104%	1h	0.1087	+0.184%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1086	+0.093%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	+0.562%	$899K	$160K	75x	as long as short