Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.025%

Price spread now: Orderly against gTrade (Gains Network)−0.048%7-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 Orderly

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. Orderly is 0.048% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) POL/USD	0.1093	L +0.0003% / S −0.0001%	pay 0.0000% / 1h	50m 02s	$12K	—	150x
Short	Orderly PERP_POL_USDC	0.1093	0.0038	get 0.0019% / 4h	2h 50m	$11K	$738K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.048%Rate

Funding earned: $7.16
Price spread: −0.048% → 0.000%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.59
Costs to cover: 0.160%
Break-even: 20.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	−0.0480%	1h	0.1091	−0.212%	$201K	$199K	50x	as long as short
Gate POL_USDT	−0.0250%	4h	0.1091	−0.203%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1092	−0.104%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.062%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1093	−0.038%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0003% / S −0.0001%	1h	0.1093	long leg	$12K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.617%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDCshort	+0.0038%	4h	0.1093	−0.048%	$11K	$738K	20x
ApeX Omni POLUSDT	+0.0049%	1h	0.1093	−0.029%	$194K	$634K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1092	−0.102%	$278K	$541K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1094	+0.026%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	−0.040%	$363K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1092	−0.117%	$16.7M	$38.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1091	−0.176%	$15.7M	$10.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1092	−0.139%	$5.7M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1092	−0.084%	$24.6M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.016%	$2.9M	$941K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1092	−0.148%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1091	−0.166%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	−0.216%	$604K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.063%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	−0.042%	$96K	$271K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1093	−0.032%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.016%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.075%	$897K	$161K	75x	as long as short