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 −0.003%

Price spread now: MEXC against OKX+0.036%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$350.354% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.036%, 7d avg +0.003%

Together, before fees−0.041%−$4 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: MEXC is 0.032% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1125	0.0100	pay 0.0050% / 4h	1h 34m	$5.8M	$12.1M	50x
Short	MEXC POL_USDT	0.1125	0.0100	get 0.0050% / 4h	1h 34m	$23.8M	$3.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.003%: $3.24
Slippage, 4 orders: −$25.4
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$32.16
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 4 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	1.78 bp	12.7 bp −$13	59.6 bp −$596	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.89 bp	6.4 bp −$6	20.1 bp −$201	83.9 bp −$8,387	138.9 bp −$69.4K

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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.253%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1126	+0.080%	$205K	$233K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1127	+0.175%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0022%	4h	0.1127	+0.133%	$11K	$200K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1127	+0.129%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1127	+0.158%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1127	+0.172%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1126	+0.076%	$307K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1126	+0.081%	$374K	$357K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1125	+0.036%	$17.2M	$51.5M	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	0.1125	0.000%	$16.2M	$15.9M	75x	as long as short
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1125	long leg	$5.8M	$12.1M	50x
Gate POL_USDT	+0.0100%	4h	0.1125	+0.009%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1125	+0.036%	$23.8M	$3.8M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1126	+0.053%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	+0.062%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1125	+0.027%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	+0.002%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.081%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1126	+0.080%	$199K	$658K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1125	+0.017%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1125	+0.012%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0154%	1h	0.1128	+0.240%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1127	+0.190%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	+0.142%	$905K	$170K	75x	as long as short