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 −0.013%

Price spread now: Gate against OKX+0.082%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days−0.167%−$17 · spread now +0.082%, 7d avg −0.035%

Together, before fees−0.045%−$5 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 0.117% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1099	0.0100	pay 0.0050% / 4h	2h 09m	$5.7M	$10.3M	50x
Short	Gate POL_USDT	0.1100	0.0100	get 0.0050% / 4h	2h 09m	$1.8M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.035%: $11.7
Slippage, 4 orders: −$54.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.03
Costs to cover: 0.797%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago	0.91 bp	13.6 bp −$14	60.1 bp −$601	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.99 bp	26.9 bp −$27	144.0 bp −$1,440	doesn't fit	doesn't fit

POL on 24 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	0.1099	−0.027%	$202K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	+0.072%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1102	+0.229%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1100	+0.061%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.064%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0045%	4h	0.1099	+0.009%	$11K	$318K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1100	+0.036%	$284K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.184%	$366K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1100	+0.036%	$17.0M	$43.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1099	−0.018%	$15.9M	$12.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1099	long leg	$5.7M	$10.3M	50x
Gate POL_USDTshort	+0.0100%	4h	0.1100	+0.082%	$1.8M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1100	+0.091%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.209%	$2.9M	$991K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1100	+0.018%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1100	+0.055%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	+0.214%	$610K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1103	+0.307%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1102	+0.246%	$195K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1099	−0.007%	$95K	$443K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	−0.073%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1100	+0.102%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1100	+0.051%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0239%	1h	0.1102	+0.282%	$7.4M	$3.7M	5x	as long as short