Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against MEXC−0.071%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.071%, 7d avg −0.022%

Together, before fees+0.188%+$19 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: Bybit is 0.049% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1120	0.0100	pay 0.0050% / 4h	29m 51s	$24.4M	$3.8M	125x
Short	Bybit POLUSDT	0.1119	0.0100	get 0.0050% / 4h	29m 51s	$16.1M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.022%: −$4.94
Slippage, 4 orders: −$21.54
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.48
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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 MEXC live order book, 4 min ago	0.45 bp	2.9 bp −$3	7.0 bp −$70	72.3 bp −$7,229	187.7 bp −$93.9K
Sell Bybit live order book, 4 min ago	0.45 bp	11.9 bp −$12	34.4 bp −$344	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	−0.0128%	1h	0.1117	−0.250%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1120	+0.021%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.066%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1119	−0.066%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	−0.013%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0008%	4h	0.1119	−0.036%	$11K	$189K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.786%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	+0.004%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.021%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	−0.006%	$17.2M	$50.3M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDTshort	+0.0100%	4h	0.1119	−0.071%	$16.1M	$15.3M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.036%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	−0.063%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1120	long leg	$24.4M	$3.8M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1119	−0.063%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	0.000%	$4.2M	$5.5M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1120	−0.018%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	−0.177%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1118	−0.146%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.018%	$198K	$656K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	−0.033%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.158%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1120	+0.012%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0294%	1h	0.1121	+0.152%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.107%	$911K	$169K	75x	as long as short