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 +0.013%

Price spread now: OKX against Gate−0.009%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.009%, 7d avg +0.035%

Together, before fees−0.027%−$3 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: OKX is 0.044% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1103	0.0100	pay 0.0050% / 4h	2h 31m	$1.8M	$1.3M	75x
Short	OKX POL-USDT-SWAP	0.1103	0.0100	get 0.0050% / 4h	2h 31m	$5.7M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.035%: −$4.42
Slippage, 4 orders: −$49.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.05
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: 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	3.62 bp	23.0 bp −$23	215.9 bp −$2,159	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.91 bp	15.2 bp −$15	57.4 bp −$574	doesn't fit	doesn't fit

POL on 24 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	0.1101	−0.218%	$203K	$204K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1103	−0.024%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1104	+0.009%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1104	+0.059%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.689%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1103	−0.027%	$11K	$330K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1104	+0.040%	$285K	$576K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	+0.060%	$367K	$275K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1103	0.000%	$17.1M	$44.2M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1103	−0.018%	$16.0M	$12.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAPshort	+0.0100%	4h	0.1103	−0.009%	$5.7M	$10.5M	50x
Gate POL_USDTlong	+0.0100%	4h	0.1103	long leg	$1.8M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1104	+0.009%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1104	+0.045%	$2.9M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1104	+0.054%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1103	−0.009%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.047%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.104%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1104	+0.054%	$195K	$640K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1103	+0.001%	$95K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1103	−0.036%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1105	+0.152%	$1.2M	$1.2M	50x	as long as short
Hyperliquid POL	+0.0184%	1h	0.1105	+0.181%	$7.4M	$3.8M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1105	+0.165%	$3K	—	100x	as long as short