Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Binance against Gate+0.098%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.098%, 7d avg +0.043%

Together, before fees−0.148%−$15 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: Binance is 0.055% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1127	0.0100	pay 0.0050% / 4h	1h 31m	$1.9M	$1.3M	75x
Short	Binance POLUSDT	0.1128	0.0100	get 0.0050% / 4h	1h 31m	$17.3M	$51.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.043%: $5.47
Slippage, 4 orders: −$39.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.22
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Binance: live order book, 10 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 Gate live order book, 1 min ago	4.89 bp	23.4 bp −$23	230.0 bp −$2,300	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.89 bp	11.8 bp −$12	24.4 bp −$244	132.3 bp −$13.2K	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.376%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1126	−0.044%	$205K	$233K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1128	+0.140%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0020%	4h	0.1127	+0.044%	$11K	$200K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1126	−0.019%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1127	+0.033%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1128	+0.104%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1127	+0.076%	$307K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1127	+0.074%	$375K	$357K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1128	+0.098%	$17.3M	$51.5M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1127	+0.062%	$16.2M	$15.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1128	+0.133%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDTlong	+0.0100%	4h	0.1127	long leg	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1129	+0.240%	$23.9M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1127	+0.044%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1129	+0.178%	$4.3M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1127	+0.062%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.122%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	−0.056%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1126	−0.044%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1128	+0.114%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1126	−0.067%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0162%	1h	0.1129	+0.257%	$7.7M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1128	+0.104%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1126	−0.027%	$904K	$170K	75x	as long as short