Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0288%/8h= +31.6% APRpaid last 24h +0.152%

Price spread now: GMX against Variational Omni+0.144%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.144% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1099	0.0100	pay 0.0050% / 4h	4m 15s	$609K	$206K	—
Short	GMX POL/USD [ETH-USDC]	0.1101	L +0.0210% / S −0.0388%	get 0.0049% / 1h	4m 15s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $60.54
Price spread: +0.144% → 0.000%: $14.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $62.93
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 55 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 Variational Omni RFQ quote, 55 min ago	9.11 bp	doesn't fit	45.5 bp −$455	doesn't fit	doesn't fit
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	−0.0520%	1h	0.1102	+0.240%	$203K	$196K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	+0.081%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.131%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.059%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1100	+0.058%	$11K	$248K	20x	as long as short
Gate POL_USDT	+0.0092%	4h	0.1099	−0.069%	$1.8M	$1.3M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1101	+0.173%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1100	+0.014%	$365K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1100	+0.104%	$17.0M	$41.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	+0.049%	$15.8M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	+0.113%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.131%	$24.7M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1100	+0.068%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	+0.122%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1100	+0.049%	—	$1.6M	—	as long as short
Variational Omni POLlong	+0.0100%	4h	0.1099	long leg	$609K	$206K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1101	+0.171%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1102	+0.240%	$195K	$638K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	+0.075%	$92K	$454K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	−0.051%	$40K	—	3x	as long as short
dYdX POL-USD	+0.0116%	1h	0.1101	+0.104%	$17K	$2K	5x	as long as short
Hyperliquid POL	+0.0122%	1h	0.1102	+0.249%	$7.5M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0210% / S −0.0388%	1h	0.1101	+0.144%	$3K	—	100x
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1101	+0.193%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1100	+0.022%	$910K	$169K	75x	as long as short