Funding arb · Price arb /

POL

all POL markets

Swap Backtest

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: Bitget against Extended+0.109%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Extended Short on Bitget

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)−0.057%−$6 · spread now +0.109%, 7d avg +0.036%

Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$8 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 0.073% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1125	0.0104	pay 0.0013% / 1h	49m 40s	$94K	$427K	10x
Short	Bitget POLUSDT	0.1126	0.0100	get 0.0050% / 4h	49m 40s	$4.2M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.84
Price spread: +0.109% → +0.036%: $7.33
Slippage, 4 orders: −$44.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.44
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Bitget: live order book, 4 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 Extended live order book, 28 min ago	1.56 bp	15.5 bp −$16	168.9 bp −$1,689	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.22 bp	15.3 bp −$15	20.9 bp −$209	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	−0.0128%	1h	0.1122	−0.256%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1126	+0.080%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1126	+0.058%	$3K	—	—	as long as short
Orderly PERP_POL_USDC	−0.0001%	4h	0.1125	+0.020%	$11K	$193K	20x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1126	+0.108%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0005%	1h	0.1126	+0.086%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.233%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1126	+0.064%	$300K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1125	+0.031%	$374K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1125	+0.003%	$17.4M	$50.6M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1124	−0.060%	$16.2M	$15.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	−0.007%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	+0.127%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1125	+0.038%	$24.5M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1125	+0.056%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1126	+0.109%	$4.2M	$5.8M	50x
BingX POL-USDC	+0.0100%	4h	0.1124	−0.033%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	+0.021%	$665K	$189K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.127%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1128	+0.278%	$200K	$657K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1125	long leg	$94K	$427K	10x
Aevo POL-PERP	+0.0104%	1h	0.1124	−0.114%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1126	+0.134%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0337%	1h	0.1128	+0.249%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	+0.153%	$913K	$170K	75x	as long as short