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 −0.010%

Price spread now: Gate against MEXC+0.126%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.176%−$18 · spread now +0.126%, 7d avg −0.040%

Together, before fees−0.062%−$6 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: Gate is 0.166% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1114	0.0100	pay 0.0050% / 4h	2h 56m	$23.4M	$4.0M	125x
Short	Gate POL_USDT	0.1116	0.0100	get 0.0050% / 4h	2h 56m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → −0.040%: $16.61
Slippage, 4 orders: −$33.47
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.87
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	0.45 bp	3.0 bp −$3	9.5 bp −$95	77.6 bp −$7,758	186.6 bp −$93.3K
Sell Gate live order book, 1 min ago	2.69 bp	20.6 bp −$21	216.2 bp −$2,162	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	−0.0080%	1h	0.1115	+0.063%	$203K	$255K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1115	+0.089%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0043%	4h	0.1115	+0.027%	$11K	$214K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1114	−0.003%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1115	+0.108%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1116	+0.112%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	−0.117%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0092%	4h	0.1117	+0.215%	$1.1M	$3.5M	10x	as long as short
Lighter POL	+0.0096%	1h	0.1115	+0.049%	$321K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1116	+0.188%	$7.6M	$4.7M	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	0.1115	+0.036%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1114	−0.022%	$17.0M	$52.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1114	−0.036%	$16.0M	$16.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1114	−0.036%	$5.8M	$12.4M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1116	+0.126%	$1.9M	$1.4M	75x
MEXC POL_USDTlong	+0.0100%	4h	0.1114	long leg	$23.4M	$4.0M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1116	+0.117%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1114	−0.027%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1115	+0.027%	—	$7.3M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.356%	$659K	$260K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1116	+0.153%	$197K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1114	−0.023%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1113	−0.098%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1115	+0.096%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1114	−0.027%	$907K	$169K	75x	as long as short