Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against Bybit+0.055%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.055%, 7d avg +0.021%

Together, before fees−0.096%−$10 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: Bitget is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1091	0.0100	pay 0.0050% / 4h	3h 02m	$15.7M	$11.2M	75x
Short	Bitget POLUSDT	0.1091	0.0100	get 0.0050% / 4h	3h 02m	$4.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.021%: $3.4
Slippage, 4 orders: −$36.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.72
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 5 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 Bybit live order book, 1 min ago	0.46 bp	11.0 bp −$11	26.8 bp −$268	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.29 bp	18.0 bp −$18	33.5 bp −$335	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	−0.0512%	1h	0.1089	−0.165%	$201K	$198K	50x	as long as short
Gate POL_USDT	−0.0202%	4h	0.1091	−0.009%	$1.8M	$1.4M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1092	+0.095%	$1.2M	$1.1M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1091	+0.039%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1092	+0.116%	$12K	—	150x	as long as short
dYdX POL-USD	+0.0026%	1h	0.1093	+0.183%	$17K	$2K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.852%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1092	+0.073%	$11K	$627K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1092	+0.069%	$278K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1093	+0.193%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1093	+0.159%	$363K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1091	+0.046%	$16.7M	$40.5M	75x	as long as short
Bybit POLUSDTlong	+0.0100%	4h	0.1091	long leg	$15.7M	$11.2M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1091	+0.055%	$5.7M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1091	+0.055%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1092	+0.073%	$2.9M	$962K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1091	+0.055%	$4.0M	$4.1M	50x
BingX POL-USDC	+0.0100%	4h	0.1091	+0.037%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	+0.189%	$605K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	+0.196%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1095	+0.385%	$194K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1091	+0.021%	$96K	$275K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.073%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1092	+0.104%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	−0.018%	$897K	$164K	75x	as long as short