Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.032%

Price spread now: Binance against Injective−0.495%7-day average +0.271% · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+1.292%+$129 on $10k

Price spread, last 3 days (all we have)+2.698%+$270 · spread now −0.495%, 7d avg +0.271%

Together, before fees+3.990%+$399 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.766% cheaper against Injective than usual: you would sell low and buy high (spread −0.495% now, against its 7-day average of +0.271%). If the spread goes back, that is −$77 on $10k: about 38 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.292% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	55m 21s	$3K	$124K	12x
Short	Binance POLUSDT	0.1105	0.0100	get 0.0050% / 4h	2h 55m	$17.0M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −0.495%Rate

Funding earned: $14
Price spread: −0.495% → +0.271%: −$76.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.62
Costs to cover: 0.100%
Break-even: 43.3 days

Slippage unknown: Injective: live order book, 34 min ago; Binance: live order book, 2 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 Injective live order book, 34 min ago	89.44 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.45 bp	12.1 bp −$12	29.5 bp −$295	136.8 bp −$13.7K	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
ApeX Omni POLUSDT	−0.0849%	1h	0.1109	−0.180%	$196K	$644K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0312%	1h	0.1105	−0.540%	$203K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.510%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1107	−0.376%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1107	−0.396%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0031%	4h	0.1106	−0.477%	$11K	$180K	20x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Lighter POL	+0.0096%	1h	0.1106	−0.425%	$286K	$575K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1108	−0.297%	$7.5M	$3.9M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1107	−0.341%	$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 POLUSDTshort	+0.0100%	4h	0.1105	−0.495%	$17.0M	$44.0M	75x
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.531%	$15.9M	$12.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1106	−0.486%	$5.7M	$10.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1106	−0.414%	$1.8M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1105	−0.495%	$23.9M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	−0.432%	$2.9M	$977K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1105	−0.495%	$4.1M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1106	−0.486%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1104	−0.627%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1106	−0.423%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	−0.451%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.644%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1106	−0.439%	$1.2M	$1.3M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	−0.405%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1109	−0.144%	$909K	$155K	75x	as long as short