POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.97 per $10,000 · paid last 24h −0.019%

Price spread now: OKX against BingX−0.046%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1311.314% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.046%, 7d avg +0.002%

Together, before fees−0.165%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.048% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1093	0.0100	pay 0.0050% / 4h	3h 32m	—	$1.6M	—
Short	OKX POL-USDT-SWAP	0.1092	−0.0094	pay 0.0047% / 4h	3h 32m	$5.7M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$40.74
Price spread: −0.046% → +0.002%: −$4.82
Slippage, 4 orders: −$111.38
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$176.94
Costs to cover: 1.314%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; OKX: live order book, 1 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	4.10 bp	45.5 bp −$45	206.9 bp −$2,069	1031.9 bp −$103.2K	1197.9 bp −$599.0K
Sell OKX live order book, 1 min ago	0.91 bp	13.4 bp −$13	53.0 bp −$530	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-INTX	−0.0600%	1h	0.1091	−0.165%	$199K	$179K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0475%	1h	0.1093	+0.039%	$1.2M	$975K	50x	as long as short
Bybit POLUSDT	−0.0437%	4h	0.1093	−0.018%	$15.7M	$9.4M	75x	as long as short
Gate POL_USDT	−0.0276%	4h	0.1095	+0.201%	$1.8M	$1.2M	75x	as long as short
Orderly PERP_POL_USDC	−0.0104%	4h	0.1093	−0.018%	$11K	$2.3M	20x	as long as short
OKX POL-USDT-SWAPshort	−0.0094%	4h	0.1092	−0.046%	$5.7M	$9.2M	50x
ApeX Omni POLUSDT	−0.0092%	1h	0.1097	+0.384%	$155K	$661K	50x	as long as short
GRVT POL_USDT_Perp	−0.0034%	4h	0.1095	+0.230%	$1.0M	$2.9M	10x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.069%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1094	+0.102%	$9K	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0024%	4h	0.1093	−0.016%	$16.6M	$35.6M	75x	as long as short
Extended POL-USD	+0.0024%	1h	0.1092	−0.053%	$91K	$521K	10x	as long as short
MEXC POL_USDT	+0.0028%	4h	0.1092	−0.055%	$25.1M	$3.4M	125x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.665%	$3K	$124K	12x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1094	+0.127%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1093	+0.015%	$273K	$539K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1094	+0.130%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1095	+0.199%	$363K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.064%	$2.8M	$865K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	−0.009%	$4.0M	$3.8M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1093	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1096	+0.272%	$606K	$167K	—	as long as short
BloFin POL-USDT	+0.0116%	4h	0.1095	+0.229%	$898K	$145K	75x	as long as short
dYdX POL-USD	+0.0150%	1h	0.1095	+0.182%	$19K	$4K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1094	+0.064%	$3K	—	100x	as long as short