Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Bybit−0.112%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.112% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1123	0.0100	pay 0.0050% / 4h	3h 26m	$16.2M	$13.1M	75x
Short	gTrade (Gains Network) POL/USD	0.1122	L +0.0004% / S −0.0007%	get 0.0001% / 1h	26m 38s	$24K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.112%Rate

Funding earned: −$19.47
Price spread: −0.112% → 0.000%: −$11.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$51.69
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 2 min ago	0.89 bp	10.8 bp −$11	31.8 bp −$318	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1122	−0.112%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.641%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.193%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0004% / S −0.0007%	1h	0.1122	−0.112%	$24K	—	150x
Orderly PERP_POL_USDC	+0.0019%	4h	0.1121	−0.196%	$11K	$167K	20x	as long as short
dYdX POL-USD	+0.0025%	1h	0.1123	−0.034%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.086%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1123	−0.013%	$294K	$583K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	−0.107%	$373K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1123	+0.009%	$17.3M	$44.5M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDTlong	+0.0100%	4h	0.1123	long leg	$16.2M	$13.1M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	0.000%	$5.8M	$10.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	−0.053%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1123	+0.009%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	−0.134%	$3.0M	$982K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	+0.018%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1123	+0.009%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.385%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.329%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.285%	$198K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	−0.017%	$93K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.285%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0124%	1h	0.1124	+0.089%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	−0.123%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	−0.178%	$910K	$159K	75x	as long as short