Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0634%/8h= −69.4% APRpaid last 24h −0.145%

Price spread now: Coinbase International against MEXC−0.229%7-day average −0.366% · you buy dearer than you sell

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1611.610% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 4 days (all we have)−1.609%−$161 · spread now −0.229%, 7d avg −0.366%

Together, before fees−2.071%−$207 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.137% dearer against MEXC than usual: you sell high and buy low (spread −0.229% now, against its 7-day average of −0.366%): +$14 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.462% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1092	0.0010	pay 0.0005% / 4h	1h 58m	$25.1M	$3.1M	125x
Short	Coinbase International POL-PERP-INTX	0.1090	−0.0624	pay 0.0078% / 1h	58m 45s	$198K	$164K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.229%Rate

Funding earned: −$133.14
Price spread: −0.229% → −0.366%: $13.74
Slippage, 4 orders: −$151.04
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$280.44
Costs to cover: 1.610%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 52 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, 3 min ago	0.46 bp	5.9 bp −$6	13.9 bp −$139	82.4 bp −$8,236	143.4 bp −$71.7K
Sell Coinbase International live order book, 52 min ago	13.70 bp	131.4 bp −$131	doesn't fit	doesn't fit	doesn't fit

POL on 25 exchanges

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-INTXshort	−0.0624%	1h	0.1090	−0.229%	$198K	$164K	50x
Kraken Futures PF_POLUSD	−0.0345%	1h	0.1093	+0.028%	$1.2M	$972K	50x	as long as short
Orderly PERP_POL_USDC	−0.0183%	4h	0.1092	−0.082%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0154%	4h	0.1092	−0.064%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0084%	4h	0.1093	+0.010%	$1.0M	$2.8M	10x	as long as short
OKX POL-USDT-SWAP	−0.0032%	4h	0.1092	0.000%	$5.7M	$8.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.079%	$2K	—	—	as long as short
Bitget POLUSDT	−0.0002%	4h	0.1092	−0.009%	$4.0M	$3.2M	50x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1092	−0.005%	$9K	—	150x	as long as short
Extended POL-USD	+0.0008%	1h	0.1092	−0.091%	$91K	$521K	10x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDTlong	+0.0010%	4h	0.1092	long leg	$25.1M	$3.1M	125x
dYdX POL-USD	+0.0014%	1h	0.1093	+0.023%	$24K	$9K	5x	as long as short
Binance POLUSDT	+0.0015%	4h	0.1093	+0.009%	$16.7M	$32.7M	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.693%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0036%	1h	0.1091	−0.137%	$154K	$665K	50x	as long as short
BloFin POL-USDT	+0.0046%	4h	0.1092	−0.046%	$897K	$136K	75x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1093	+0.039%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1093	+0.022%	$267K	$478K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.183%	$7.4M	$3.5M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	−0.013%	$367K	$168K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.018%	$15.7M	$8.6M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.055%	$2.9M	$757K	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	+0.018%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	−0.120%	$603K	$163K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1093	+0.014%	$3K	—	100x	as long as short