Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Bitget against OKX−0.045%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on OKX Short on Bitget

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+0.049%+$5 · spread now −0.045%, 7d avg +0.004%

Together, before fees+0.202%+$20 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: Bitget is 0.049% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1107	0.0100	pay 0.0050% / 4h	2h 55m	$5.7M	$10.4M	50x
Short	Bitget POLUSDT	0.1106	0.0100	get 0.0050% / 4h	2h 55m	$4.1M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.004%: −$4.93
Slippage, 4 orders: −$34
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.93
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 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 OKX live order book, 2 min ago	1.35 bp	13.5 bp −$14	59.9 bp −$599	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.35 bp	17.3 bp −$17	26.5 bp −$265	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	−0.0312%	1h	0.1105	−0.145%	$203K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.126%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1107	+0.020%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	−0.098%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0030%	4h	0.1105	−0.136%	$11K	$175K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.398%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1106	−0.029%	$286K	$575K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1109	+0.172%	$7.5M	$3.9M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1108	+0.098%	$368K	$274K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1106	−0.027%	$17.0M	$44.0M	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	0.1106	−0.045%	$15.9M	$12.7M	75x	as long as short
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1107	long leg	$5.7M	$10.4M	50x
Gate POL_USDT	+0.0100%	4h	0.1106	−0.018%	$1.8M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	−0.036%	$23.9M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	−0.045%	$2.9M	$977K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1106	−0.045%	$4.1M	$4.8M	50x
BingX POL-USDC	+0.0100%	4h	0.1106	−0.036%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1104	−0.232%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1110	+0.296%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1111	+0.398%	$197K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1107	+0.012%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.254%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1106	−0.043%	$1.2M	$1.3M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1105	−0.104%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1109	+0.253%	$909K	$155K	75x	as long as short