POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0310%/8h= −33.9% APRnext payment −$1.55 per $10,000 · paid last 24h −0.035%

Price spread now: Gate against Binance−0.119%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.119%, 7d avg −0.041%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.078% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1095	0.0054	pay 0.0027% / 4h	3h 53m	$16.7M	$36.3M	75x
Short	Gate POL_USDT	0.1093	−0.0256	pay 0.0128% / 4h	3h 53m	$1.8M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.119%Rate

Funding earned: −$65.09
Price spread: −0.119% → −0.041%: −$7.81
Slippage, 4 orders: −$43.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.74
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	0.46 bp	11.2 bp −$11	22.2 bp −$222	174.3 bp −$17.4K	doesn't fit
Sell Gate live order book, 5 min ago	3.19 bp	24.3 bp −$24	147.5 bp −$1,475	doesn't fit	doesn't fit

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
Bybit POLUSDT	−0.0642%	4h	0.1095	+0.018%	$15.8M	$9.6M	75x	as long as short
Coinbase International POL-PERP-INTX	−0.0600%	1h	0.1092	−0.238%	$200K	$182K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0474%	1h	0.1095	+0.051%	$1.2M	$1.0M	50x	as long as short
GRVT POL_USDT_Perp	−0.0364%	4h	0.1093	−0.128%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	−0.0328%	1h	0.1093	−0.146%	$189K	$644K	50x	as long as short
Gate POL_USDTshort	−0.0256%	4h	0.1093	−0.119%	$1.8M	$1.2M	75x
OKX POL-USDT-SWAP	−0.0079%	4h	0.1095	+0.009%	$5.7M	$9.4M	50x	as long as short
Orderly PERP_POL_USDC	−0.0076%	4h	0.1094	−0.018%	$11K	$2.1M	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1095	−0.002%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	+0.111%	$19K	$3K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1095	+0.041%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.498%	$3K	$124K	12x	as long as short
Binance POLUSDTlong	+0.0054%	4h	0.1095	long leg	$16.7M	$36.3M	75x
Extended POL-USD	+0.0056%	1h	0.1094	−0.044%	$92K	$520K	10x	as long as short
MEXC POL_USDT	+0.0062%	4h	0.1095	−0.009%	$25.2M	$3.4M	125x	as long as short
Lighter POL	+0.0096%	1h	0.1095	+0.010%	$274K	$537K	8x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1094	−0.100%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	+0.183%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1096	+0.107%	$363K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1095	+0.009%	$2.9M	$877K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	0.000%	$4.0M	$4.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1094	−0.046%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	−0.071%	$605K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1096	+0.090%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0216%	4h	0.1094	−0.018%	$897K	$146K	75x	as long as short