Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: MEXC against BingX+0.045%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.045%, 7d avg +0.006%

Together, before fees−0.270%−$27 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: MEXC is 0.039% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1100	0.0100	pay 0.0050% / 4h	19m 47s	—	$1.6M	—
Short	MEXC POL_USDT	0.1101	0.0100	get 0.0050% / 4h	19m 47s	$24.6M	$3.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.006%: $3.91
Slippage, 4 orders: −$117.37
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$123.45
Costs to cover: 1.274%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; MEXC: live order book, 4 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, 12 min ago	4.54 bp	48.4 bp −$48	195.5 bp −$1,955	962.3 bp −$96.2K	doesn't fit
Sell MEXC live order book, 4 min ago	0.91 bp	4.8 bp −$5	14.1 bp −$141	81.6 bp −$8,156	208.3 bp −$104.1K

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	−0.0520%	1h	0.1100	−0.009%	$202K	$197K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.042%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.037%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.991%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1100	−0.027%	$11K	$250K	20x	as long as short
Gate POL_USDT	+0.0094%	4h	0.1099	−0.064%	$1.8M	$1.3M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1100	+0.032%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1100	+0.008%	$365K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	+0.055%	$17.1M	$41.6M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.009%	$15.8M	$11.8M	75x	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	+0.0100%	4h	0.1101	+0.045%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1101	+0.045%	$24.6M	$3.6M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1101	+0.045%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1100	+0.036%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1100	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1100	−0.014%	$609K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.155%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.264%	$196K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	+0.010%	$92K	$456K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	−0.139%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0137%	1h	0.1102	+0.209%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0163%	1h	0.1101	+0.092%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1100	+0.025%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0314%	1h	0.1100	+0.025%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1100	+0.018%	$905K	$169K	75x	as long as short