Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against OKX+0.089%7-day average — · you sell dearer than you buy

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

Long on OKX Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.089% dearer against OKX than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1093	0.0100	pay 0.0050% / 4h	2h 18m	$5.6M	$9.5M	50x
Short	gTrade (Gains Network) POL/USD	0.1094	L +0.0003% / S −0.0001%	get 0.0000% / 1h	18m 01s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.089%Rate

Funding earned: −$20.72
Price spread: +0.089% → 0.000%: $8.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.84
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; gTrade (Gains Network): 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 OKX live order book, 5 min ago	0.46 bp	12.0 bp −$12	50.5 bp −$505	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−1.080%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0196%	4h	0.1093	+0.018%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1093	+0.064%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	+0.016%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1093	0.000%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0003% / S −0.0001%	1h	0.1094	+0.089%	$12K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.665%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0036%	4h	0.1093	+0.009%	$11K	$988K	20x	as long as short
ApeX Omni POLUSDT	+0.0096%	1h	0.1084	−0.805%	$192K	$629K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1093	+0.028%	$278K	$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	0.1095	+0.210%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	+0.092%	$362K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	+0.033%	$16.7M	$38.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.037%	$15.7M	$10.4M	75x	as long as short
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1093	long leg	$5.6M	$9.5M	50x
MEXC POL_USDT	+0.0100%	4h	0.1094	+0.082%	$24.6M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.055%	$2.9M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	+0.064%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	+0.046%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1087	−0.521%	$601K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	−0.708%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	−0.002%	$91K	$265K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.073%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.084%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.101%	$893K	$160K	75x	as long as short