Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0288%/8h= +31.6% APRpaid last 24h +0.147%

Price spread now: GMX against MEXC−0.123%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.123% cheaper against MEXC than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 34 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1090	0.0100	pay 0.0050% / 4h	2h 20m	$24.5M	$3.2M	125x
Short	GMX POL/USD [ETH-USDC]	0.1088	L +0.0210% / S −0.0388%	get 0.0049% / 1h	20m 34s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $60.54
Price spread: −0.123% → 0.000%: −$12.3
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $36.24
Costs to cover: 0.120%
Break-even: 2.8 days

Slippage unknown: MEXC: live order book, 3 min ago; GMX: no order-book sample. 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 MEXC live order book, 3 min ago	0.46 bp	3.1 bp −$3	11.9 bp −$119	77.1 bp −$7,707	188.7 bp −$94.3K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1081	−0.798%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0194%	4h	0.1087	−0.211%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1088	−0.158%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1088	−0.129%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1089	−0.083%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1088	−0.124%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.955%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0036%	4h	0.1088	−0.193%	$11K	$976K	20x	as long as short
ApeX Omni POLUSDT	+0.0096%	1h	0.1084	−0.523%	$192K	$629K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1090	−0.009%	$277K	$543K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1091	+0.147%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1090	+0.055%	$361K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1090	+0.058%	$16.6M	$38.2M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1090	+0.028%	$15.6M	$10.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1090	+0.028%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1090	long leg	$24.5M	$3.2M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1089	−0.055%	$2.9M	$940K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1090	+0.018%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1089	−0.037%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1087	−0.238%	$601K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	−0.426%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1089	−0.041%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1086	−0.340%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1088	−0.123%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1089	−0.101%	$891K	$160K	75x	as long as short