Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0448%/8h= −49.0% APRpaid last 24h −0.051%

Price spread now: Gate against GMX−0.065%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Gate

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.065% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1087	L +0.0210% / S −0.0388%	pay 0.0026% / 1h	39m 21s	$3K	—	100x
Short	Gate POL_USDT	0.1086	−0.0238	pay 0.0119% / 4h	2h 39m	$1.8M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GMX. 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 GMXbpFee GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: −$93.99
Price spread: −0.065% → 0.000%: −$6.53
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$127.53
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	4.59 bp	20.2 bp −$20	143.4 bp −$1,434	doesn't fit	doesn't fit

GMX: 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	−0.0480%	1h	0.1086	−0.065%	$200K	$199K	50x	as long as short
Gate POL_USDTshort	−0.0238%	4h	0.1086	−0.065%	$1.8M	$1.3M	75x
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1087	+0.005%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1086	−0.062%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1086	−0.063%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1087	+0.006%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.235%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1086	−0.038%	$11K	$874K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1086	−0.100%	$276K	$542K	8x	as long as short
OKX POL-USDT-SWAP	+0.0099%	4h	0.1086	−0.038%	$5.6M	$9.5M	50x	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	0.1088	+0.091%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1087	−0.011%	$361K	$242K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1086	−0.047%	$16.6M	$38.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1086	−0.065%	$15.6M	$10.7M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1086	−0.029%	$24.5M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1086	−0.084%	$2.9M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1087	−0.001%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1086	−0.075%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1089	+0.180%	$603K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1088	+0.110%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1090	+0.303%	$193K	$633K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1087	−0.018%	$91K	$276K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1085	−0.111%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0210% / S −0.0388%	1h	0.1087	long leg	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1090	+0.312%	$898K	$160K	75x	as long as short