Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0612%/8h= −67.0% APRpaid last 24h −0.154%

Price spread now: Coinbase International against BingX−0.200%7-day average −0.371% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.611%−$61 on $10k

Price spread, last 4 days (all we have)−1.543%−$154 · spread now −0.200%, 7d avg −0.371%

Together, before fees−2.153%−$215 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.171% dearer against BingX than usual: you sell high and buy low (spread −0.200% now, against its 7-day average of −0.371%): +$17 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.611% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDT	0.1098	0.0100	pay 0.0050% / 4h	3h 29m	—	$7.2M	—
Short	Coinbase International POL-PERP-INTX	0.1096	−0.0512	pay 0.0064% / 1h	29m 03s	$202K	$199K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.200%Rate

Funding earned: −$128.52
Price spread: −0.200% → −0.371%: $17.11
Slippage, 4 orders: −$56.58
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$187.99
Costs to cover: 0.766%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Coinbase International: live order book, 24 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, 9 min ago	1.82 bp	9.5 bp −$10	19.6 bp −$196	90.9 bp −$9,089	511.6 bp −$255.8K
Sell Coinbase International live order book, 24 min ago	13.56 bp	27.5 bp −$28	doesn't fit	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
Coinbase International POL-PERP-INTXshort	−0.0512%	1h	0.1096	−0.200%	$202K	$199K	50x
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1098	+0.003%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1097	−0.087%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1099	+0.091%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1099	+0.035%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.166%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0044%	4h	0.1098	−0.046%	$11K	$448K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1098	−0.041%	$279K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1099	+0.082%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1099	+0.062%	$365K	$247K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1098	−0.060%	$16.9M	$40.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1098	−0.055%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1098	−0.036%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1098	−0.064%	$1.8M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1098	−0.027%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1099	+0.027%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1099	+0.036%	$4.1M	$4.3M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1098	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1099	+0.069%	$608K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	+0.134%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	−0.109%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1097	−0.103%	$91K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1096	−0.198%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1098	+0.010%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1099	+0.082%	$906K	$164K	75x	as long as short