Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against BingX−0.018%46s7-day average — · you buy dearer than you sell

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

Long on BingX Short on gTrade (Gains Network)

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1084	0.0100	pay 0.0050% / 4h	2h 27m	—	$1.6M	—
Short	gTrade (Gains Network) POL/USD	0.1084	L +0.0003% / S −0.0001%	get 0.0000% / 1h	27m 35s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.018%Rate

Funding earned: −$20.72
Price spread: −0.018% → 0.000%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.56
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; gTrade (Gains Network): 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 BingX live order book, 4 min ago	4.61 bp	67.5 bp −$67	183.0 bp −$1,830	1080.4 bp −$108.0K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0480%	1h	0.1081	−0.295%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0258%	4h	0.1083	−0.148%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1084	−0.057%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1083	−0.087%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1084	+0.021%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0003% / S −0.0001%	1h	0.1084	−0.018%	$12K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.472%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1084	−0.065%	$11K	$941K	20x	as long as short
ApeX Omni POLUSDT	+0.0076%	1h	0.1087	+0.258%	$193K	$629K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1084	−0.029%	$276K	$542K	8x	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	+0.0096%	4h	0.1084	−0.037%	$5.6M	$9.5M	50x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1085	+0.111%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1084	−0.018%	$359K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1084	0.000%	$16.6M	$38.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1084	−0.046%	$15.6M	$10.5M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1084	−0.028%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1084	−0.037%	$2.8M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1084	−0.018%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1084	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1084	−0.057%	$600K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1085	+0.037%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1084	−0.054%	$91K	$270K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1084	+0.018%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1084	−0.034%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1086	+0.184%	$891K	$159K	75x	as long as short