Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%
Price spread now: Extended against Bitget−0.087%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$620.619% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.142%−$14 on $10k
Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.087%, 7d avg −0.036%
Together, before fees−0.107%+ Points / potential airdropExtended: Active · farm board−$11 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: Extended is 0.051% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11260.0100pay 0.0050% / 4h50m 16s$4.2M$5.8M50x
ShortExtended POL-USD0.11250.0104get 0.0013% / 1h50m 16s$94K$427K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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

Funding earned
$0.84
Price spread: −0.087% → −0.036%
−$5.12
Slippage, 4 orders
−$44.93
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$66.21
Costs to cover
0.619%
Break-even
558.7 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.22 bp15.6 bp −$1630.4 bp −$304doesn't fitdoesn't fit
Sell Extended live order book, 27 min ago1.56 bp15.5 bp −$15201.7 bp −$2,017doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0128%1h0.1122−0.373%$205K$226K50xas long as short
Kraken Futures PF_POLUSD−0.0071%1h0.1126−0.038%$1.2M$1.8M50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1126−0.060%$3Kas long as short
Orderly PERP_POL_USDC−0.0001%4h0.1125−0.098%$11K$193K20xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1126−0.010%$24K150xas long as short
dYdX POL-USD+0.0006%1h0.1127+0.083%$17K$3K5xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111−1.350%$3K$124K12xas long as short
Lighter POL+0.0096%1h0.1127+0.037%$301K$571K8xas long as short
Aster POLUSDT+0.0100%4h0.1126−0.027%$374K$360K20xas long as short
Binance POLUSDT+0.0100%4h0.1126−0.041%$17.4M$50.6M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDT+0.0100%4h0.1124−0.160%$16.2M$15.4M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1125−0.098%$5.8M$12.0M50xas long as short
Gate POL_USDT+0.0100%4h0.1127+0.053%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1126−0.018%$24.5M$3.8M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1126−0.027%$2.9M$1.0M50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1126long leg$4.2M$5.8M50x
BingX POL-USDT+0.0100%4h0.1125−0.071%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1125−0.097%$665K$189Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1127+0.098%$1.1M$3.2M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1128+0.160%$200K$657K50xas long as short
Extended POL-USDshort+0.0104%1h0.1125−0.087%$94K$427K10x
Aevo POL-PERP+0.0104%1h0.1124−0.232%$41K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0211% / S −0.0606%1h0.1126+0.016%$3K100xas long as short
Hyperliquid POL+0.0332%1h0.1128+0.195%$7.6M$4.0M5xas long as short
BloFin POL-USDT+0.0340%4h0.1127+0.036%$913K$170K75xas long as short