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 +0.005%

Price spread now: Bitget against GRVT+0.070%73s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.728% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.070%, 7d avg −0.031%

Together, before fees+0.061%+ Points / potential airdropGRVT: Active · farm board+$6 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: Bitget is 0.101% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

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	1h 20m	$1.1M	$2.7M	10x
Short	Bitget POLUSDT	0.1107	0.0100	get 0.0050% / 4h	1h 20m	$4.2M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.031%: $10.06
Slippage, 4 orders: −$51.8
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.74
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Bitget: live order book, 3 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	2.26 bp	14.8 bp −$15	30.5 bp −$305	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.26 bp	14.1 bp −$14	31.1 bp −$311	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	−0.0464%	1h	0.1098	−0.717%	$202K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.054%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1106	+0.033%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	+0.042%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.458%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1106	+0.006%	$11K	$297K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1106	+0.038%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1107	+0.096%	$368K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1106	+0.025%	$17.2M	$42.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.048%	$15.9M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1106	−0.012%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1106	−0.003%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	+0.015%	$23.9M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1107	+0.106%	$2.9M	$974K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1107	+0.070%	$4.2M	$4.6M	50x
BingX POL-USDC	+0.0100%	4h	0.1106	+0.006%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1106	−0.017%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1106	long leg	$1.1M	$2.7M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	+0.006%	$196K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	−0.014%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.158%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	+0.005%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0224%	1h	0.1108	+0.160%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1107	+0.088%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.015%	$913K	$166K	75x	as long as short