Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0269%/8h= −29.5% APRpaid last 24h +0.016%

Price spread now: Gate against Injective−2.421%69s7-day average +0.158% · you buy dearer than you sell

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+1.401%+$140 on $10k

Price spread, last 4 days (all we have)+4.575%+$458 · spread now −2.421%, 7d avg +0.158%

Together, before fees+5.976%+$598 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 2.579% cheaper against Injective than usual: you would sell low and buy high (−$258 if the spread goes back to its 7-day average of +0.158%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.401%, so the current rate has only just turned against you. The two prices were read 69 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	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	32m 04s	$3K	$124K	12x
Short	Gate POL_USDT	0.1084	−0.0236	pay 0.0118% / 4h	2h 32m	$1.8M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −2.421%Rate

Funding earned: −$56.56
Price spread: −2.421% → +0.158%: −$257.91
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$329.49
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 37 min ago; Gate: live order book, 1 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, 37 min ago	127.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.53 bp	23.0 bp −$23	180.5 bp −$1,805	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	−0.0480%	1h	0.1086	−2.250%	$200K	$200K	50x	as long as short
Gate POL_USDTshort	−0.0236%	4h	0.1084	−2.421%	$1.8M	$1.3M	75x
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1085	−2.353%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1085	−2.339%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1087	−2.166%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1086	−2.276%	$12K	—	150x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Orderly PERP_POL_USDC	+0.0039%	4h	0.1085	−2.358%	$11K	$922K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1085	−2.341%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1086	−2.229%	$7.3M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1085	−2.302%	$360K	$242K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1085	−2.382%	$16.6M	$38.4M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1085	−2.376%	$15.6M	$10.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1084	−2.394%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1085	−2.385%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1085	−2.313%	$2.8M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1085	−2.358%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1085	−2.331%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1088	−2.049%	$602K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1089	−1.983%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1090	−1.890%	$193K	$630K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1085	−2.332%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1087	−2.196%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1086	−2.285%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	−1.827%	$899K	$160K	75x	as long as short