POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0173%/8h= −19.0% APRnext payment −$0.87 per $10,000 · paid last 24h −0.100%

Price spread now: Gate against BloFin−0.111%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)+0.488%+$49 · spread now −0.111%, 7d avg −0.018%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.093% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1078	0.0011	pay 0.0006% / 4h	48m 37s	$892K	$135K	75x
Short	Gate POL_USDT	0.1077	−0.0162	pay 0.0081% / 4h	48m 37s	$1.8M	$931K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee GatebpOrdersPrice spread, now −0.111%Rate

Funding earned: −$36.37
Price spread: −0.111% → −0.018%: −$9.29
Slippage, 4 orders: −$43.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$116.52
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from BloFin: live order book, 56 min ago; Gate: live order book, 2 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 BloFin live order book, 56 min ago	0.92 bp	15.4 bp −$15	23.7 bp −$237	73.4 bp −$7,341	doesn't fit
Sell Gate live order book, 2 min ago	4.18 bp	26.8 bp −$27	184.2 bp −$1,842	doesn't fit	doesn't fit

POL on 25 exchanges

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	−0.0648%	1h	0.1076	−0.167%	$195K	$159K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0374%	1h	0.1075	−0.270%	$1.1M	$841K	50x	as long as short
Orderly PERP_POL_USDC	−0.0199%	4h	0.1075	−0.297%	$10K	$2.6M	20x	as long as short
Gate POL_USDTshort	−0.0162%	4h	0.1077	−0.111%	$1.8M	$931K	75x
GRVT POL_USDT_Perp	−0.0122%	4h	0.1077	−0.066%	$1.0M	$2.6M	10x	as long as short
Bybit POLUSDT	−0.0093%	4h	0.1077	−0.056%	$15.3M	$8.2M	75x	as long as short
Bitget POLUSDT	−0.0044%	4h	0.1078	+0.019%	$3.9M	$2.8M	50x	as long as short
OKX POL-USDT-SWAP	−0.0027%	4h	0.1078	−0.019%	$5.6M	$7.7M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1077	−0.065%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1078	−0.006%	$23K	$9K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended POL-USD	0.0000%	1h	0.1078	+0.040%	$90K	$600K	10x	as long as short
MEXC POL_USDT	+0.0002%	4h	0.1078	0.000%	$24.9M	$3.1M	125x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1076	−0.203%	$8K	—	150x	as long as short
Binance POLUSDT	+0.0004%	4h	0.1078	+0.031%	$16.5M	$29.9M	75x	as long as short
BingX POL-USDT	+0.0008%	4h	0.1078	+0.046%	—	$7.0M	—	as long as short
ApeX Omni POLUSDT	+0.0011%	1h	0.1078	+0.019%	$152K	$662K	50x	as long as short
BloFin POL-USDTlong	+0.0011%	4h	0.1078	long leg	$892K	$135K	75x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+3.080%	$3K	$124K	12x	as long as short
Aster POLUSDT	+0.0050%	4h	0.1079	+0.107%	$362K	$139K	20x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1073	−0.464%	$39K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1079	+0.088%	$252K	$423K	8x	as long as short
Variational Omni POL	+0.0100%	4h	0.1076	−0.161%	$599K	$157K	—	as long as short
Hyperliquid POL	+0.0100%	1h	0.1079	+0.102%	$7.3M	$3.4M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1078	+0.028%	$3.1M	$765K	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0158% / S −0.0283%	1h	0.1077	−0.072%	$3K	—	100x	as long as short