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 +0.020%

Price spread now: BingX against GRVT−0.081%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.081%, 7d avg −0.037%

Together, before fees+0.248%+ Points / potential airdropGRVT: Active · farm board+$25 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: BingX is 0.044% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POL_USDT_Perp	0.1106	0.0100	pay 0.0050% / 4h	2h 55m	$1.1M	$2.8M	10x
Short	BingX POL-USDT	0.1105	0.0100	get 0.0050% / 4h	2h 55m	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.037%: −$4.4
Slippage, 4 orders: −$67.74
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.15
Costs to cover: 0.867%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; BingX: live order book, 12 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 GRVT live order book, 3 min ago	1.80 bp	24.6 bp −$25	66.5 bp −$665	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.23 bp	12.2 bp −$12	25.1 bp −$251	79.4 bp −$7,938	487.6 bp −$243.8K

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
ApeX Omni POLUSDT	−0.0849%	1h	0.1109	+0.244%	$196K	$644K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0312%	1h	0.1105	−0.118%	$203K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.088%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1107	+0.047%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1107	+0.027%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0031%	4h	0.1106	−0.054%	$11K	$180K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.425%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1106	−0.014%	$286K	$575K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1108	+0.127%	$7.5M	$3.9M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1107	+0.027%	$368K	$274K	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	0.1106	0.000%	$17.0M	$44.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1106	−0.009%	$15.9M	$12.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1106	−0.027%	$5.7M	$10.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1106	+0.009%	$1.8M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	−0.036%	$23.9M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	−0.009%	$2.9M	$977K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	−0.027%	$4.1M	$4.8M	50x	as long as short
BingX POL-USDTshort	+0.0100%	4h	0.1105	−0.081%	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1104	−0.205%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1106	long leg	$1.1M	$2.8M	10x
Extended POL-USD	+0.0104%	1h	0.1105	−0.097%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.222%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1106	−0.019%	$1.2M	$1.3M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	+0.018%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	−0.063%	$905K	$155K	75x	as long as short