Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.023%

Price spread now: MEXC against Injective+1.053%55s7-day average +0.248% · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+1.280%+$128 on $10k

Price spread, last 3 days (all we have)+1.501%+$150 · spread now +1.053%, 7d avg +0.248%

Together, before fees+2.781%+$278 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.805% dearer against Injective than usual: you sell high and buy low: +$80 more if the spread goes back to its 7-day average of +0.248%. The two prices were read 55 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	−0.0162	get 0.0020% / 1h	42m 16s	$3K	$124K	12x
Short	MEXC POL_USDT	0.1123	0.0100	get 0.0050% / 4h	1h 42m	$23.7M	$3.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +1.053%Rate

Funding earned: $55.1
Price spread: +1.053% → +0.248%: $80.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $135.56
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: live order book, 62 min ago; MEXC: 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, 62 min ago	67.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.45 bp	3.5 bp −$3	8.9 bp −$89	71.8 bp −$7,178	184.4 bp −$92.2K

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
Injective POL/USDC PERPlong	−0.0162%	1h	0.1111	long leg	$3K	$124K	12x
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	0.000%	$202K	$250K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	+1.143%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0026%	4h	0.1123	+1.080%	$11K	$202K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1122	+1.027%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1123	+1.052%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1124	+1.131%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1122	+1.011%	$306K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	+1.008%	$373K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1123	+1.080%	$17.1M	$51.4M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1123	+1.044%	$16.2M	$16.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	+1.071%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1121	+0.918%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1123	+1.053%	$23.7M	$3.8M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1122	+1.008%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	+1.089%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1123	+1.089%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.643%	$660K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	+0.865%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.810%	$198K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	+1.066%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1122	+0.946%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0169%	1h	0.1125	+1.224%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1123	+1.124%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	+0.936%	$907K	$169K	75x	as long as short