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 −0.011%

Price spread now: Bybit against BingX−0.089%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1391.389% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.089%, 7d avg −0.015%

Together, before fees−0.017%−$2 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: Bybit is 0.073% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1128	0.0100	pay 0.0050% / 4h	1h 31m	—	$1.6M	—
Short	Bybit POLUSDT	0.1127	0.0100	get 0.0050% / 4h	1h 31m	$16.2M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.015%: −$7.33
Slippage, 4 orders: −$117.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$146.28
Costs to cover: 1.389%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 2 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 BingX live order book, 15 min ago	4.47 bp	52.7 bp −$53	325.1 bp −$3,251	1111.8 bp −$111.2K	doesn't fit
Sell Bybit live order book, 2 min ago	0.44 bp	12.6 bp −$13	34.7 bp −$347	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.516%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1126	−0.186%	$205K	$233K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1128	−0.002%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0020%	4h	0.1127	−0.098%	$11K	$200K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1126	−0.160%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1127	−0.108%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1128	−0.038%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1127	−0.066%	$307K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1128	−0.014%	$375K	$357K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1129	+0.072%	$17.3M	$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 POLUSDTshort	+0.0100%	4h	0.1127	−0.089%	$16.2M	$15.9M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1128	−0.044%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1130	+0.151%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1129	+0.098%	$23.9M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1130	+0.133%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1129	+0.035%	$4.3M	$5.9M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1128	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1125	−0.264%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	−0.198%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1126	−0.186%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1128	−0.028%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1126	−0.209%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0161%	1h	0.1130	+0.134%	$7.7M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1128	−0.038%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1126	−0.168%	$904K	$170K	75x	as long as short