Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.047%
Price spread now: BloFin against Bitget+0.053%95s7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)−0.549%−$55 · spread now +0.053%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.081% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget POLUSDT | 0.1126 | 0.0100 | pay 0.0050% / 4h | 1h 25m | $4.2M | $5.9M | 50x |
| Short | BloFin POL-USDT | 0.1127 | 0.0340 | get 0.0170% / 4h | 1h 25m | $911K | $170K | 75x |
Bitget POLUSDT
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: +0.053% → −0.027%
- $8.07
- Slippage, 4 orders
- −$28.26
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $6.21
- Costs to cover
- 0.523%
- Break-even
- 6.1 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 56 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 Bitget live order book, 2 min ago | 2.66 bp | 12.9 bp −$13 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 56 min ago | 0.89 bp | 14.8 bp −$15 | 24.6 bp −$246 | 75.0 bp −$7,500 | 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 | −1.323% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1125 | −0.080% | $206K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1126 | +0.050% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0018% | 4h | 0.1126 | −0.027% | $11K | $199K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1125 | −0.037% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1126 | +0.044% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0005% | 1h | 0.1127 | +0.115% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1126 | +0.021% | $306K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1127 | +0.089% | $375K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1125 | −0.036% | $17.4M | $51.7M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1125 | −0.089% | $16.2M | $15.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1126 | −0.027% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1125 | −0.053% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1126 | −0.027% | $23.8M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1126 | +0.044% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDTlong | +0.0100% | 4h | 0.1126 | long leg | $4.2M | $5.9M | 50x | |
| BingX POL-USDT | +0.0100% | 4h | 0.1126 | −0.009% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1125 | −0.097% | $665K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1129 | +0.253% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1127 | +0.098% | $199K | $659K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1126 | +0.008% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1124 | −0.146% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0196% | 1h | 0.1128 | +0.187% | $7.6M | $4.6M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1126 | +0.036% | $3K | — | 100x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1127 | +0.053% | $911K | $170K | 75x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]