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 +0.012%

Price spread now: BingX against Binance−0.084%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.084%, 7d avg −0.012%

Together, before fees+0.304%+$30 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: BingX is 0.072% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1122	0.0100	pay 0.0050% / 4h	42m 31s	$17.3M	$50.6M	75x
Short	BingX POL-USDT	0.1121	0.0100	get 0.0050% / 4h	42m 31s	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.012%: −$7.24
Slippage, 4 orders: −$24.89
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$52.12
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 10 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 Binance live order book, 15 min ago	0.44 bp	9.9 bp −$10	24.4 bp −$244	188.8 bp −$18.9K	doesn't fit
Sell BingX live order book, 10 min ago	1.78 bp	11.7 bp −$12	19.5 bp −$195	77.0 bp −$7,703	478.8 bp −$239.4K

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
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1123	+0.067%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	+0.126%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.101%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1124	+0.143%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.014%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0005%	4h	0.1123	+0.058%	$11K	$192K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.002%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1123	+0.048%	$300K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1123	+0.087%	$373K	$353K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1122	long leg	$17.3M	$50.6M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1121	−0.093%	$16.2M	$15.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1122	−0.049%	$5.8M	$11.9M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	+0.094%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	−0.031%	$24.4M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1123	+0.067%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	−0.058%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDTshort	+0.0100%	4h	0.1121	−0.084%	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1124	+0.122%	$664K	$189K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1124	+0.201%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1125	+0.245%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	−0.005%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1122	−0.058%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1122	−0.012%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0304%	1h	0.1124	+0.112%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1124	+0.192%	$912K	$169K	75x	as long as short