Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0336%/8h= +36.8% APRpaid last 24h +0.076%

Price spread now: BloFin against gTrade (Gains Network)−0.084%50s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.084% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$10 a day). The two prices were read 50 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	gTrade (Gains Network) POL/USD	0.1125	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	43m 42s	$24K	—	150x
Short	BloFin POL-USDT	0.1124	0.0340	get 0.0170% / 4h	43m 42s	$914K	$169K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $70.55
Price spread: −0.084% → 0.000%: −$8.44
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $40.11
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 33 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 33 min ago	0.89 bp	11.0 bp −$11	20.3 bp −$203	75.8 bp −$7,580	doesn't fit

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
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1123	−0.173%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1125	−0.020%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1124	−0.077%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1125	−0.010%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0007%	1h	0.1125	long leg	$24K	—	150x
Orderly PERP_POL_USDC	+0.0004%	4h	0.1124	−0.067%	$11K	$192K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.240%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1124	−0.099%	$300K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1124	−0.048%	$374K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1124	−0.129%	$17.3M	$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	0.1123	−0.200%	$16.2M	$15.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	−0.138%	$5.8M	$11.9M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1124	−0.102%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1124	−0.102%	$24.4M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1125	+0.013%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	−0.164%	$4.2M	$5.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1124	−0.093%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1124	−0.119%	$664K	$189K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1125	−0.024%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1123	−0.173%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	−0.149%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1123	−0.177%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1125	−0.018%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0310%	1h	0.1125	+0.049%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDTshort	+0.0340%	4h	0.1124	−0.084%	$914K	$169K	75x