Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.037%

Price spread now: MEXC against GMX−0.071%7-day average — · you buy dearer than you sell

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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 −$5 a day on $10k at the current rate, and MEXC is 0.071% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1086	L +0.0164% / S −0.0294%	pay 0.0020% / 1h	48m 06s	$3K	—	100x
Short	MEXC POL_USDT	0.1085	−0.0008	pay 0.0004% / 4h	1h 48m	$25.0M	$3.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$36.06
Price spread: −0.071% → 0.000%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$55.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.46 bp	4.2 bp −$4	15.4 bp −$154	83.9 bp −$8,390	201.9 bp −$100.9K

GMX: 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 exchanges

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	−0.0624%	1h	0.1083	−0.264%	$197K	$162K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0347%	1h	0.1086	+0.020%	$1.2M	$928K	50x	as long as short
Orderly PERP_POL_USDC	−0.0187%	4h	0.1085	−0.099%	$10K	$2.6M	20x	as long as short
ApeX Omni POLUSDT	−0.0174%	1h	0.1089	+0.288%	$154K	$665K	50x	as long as short
Gate POL_USDT	−0.0162%	4h	0.1085	−0.126%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0078%	4h	0.1089	+0.277%	$1.0M	$2.7M	10x	as long as short
OKX POL-USDT-SWAP	−0.0036%	4h	0.1085	−0.043%	$5.6M	$8.3M	50x	as long as short
Bitget POLUSDT	−0.0020%	4h	0.1085	−0.117%	$4.0M	$3.2M	50x	as long as short
Extended POL-USD	−0.0008%	1h	0.1085	−0.094%	$91K	$526K	10x	as long as short
MEXC POL_USDTshort	−0.0008%	4h	0.1085	−0.071%	$25.0M	$3.2M	125x

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya POLRUSDPERP	−0.0006%	1h	0.1085	−0.081%	$2K	—	—	as long as short
Binance POLUSDT	−0.0005%	4h	0.1085	−0.062%	$16.6M	$31.8M	75x	as long as short
dYdX POL-USD	0.0000%	1h	0.1086	−0.011%	$24K	$9K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1086	−0.020%	$8K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.314%	$3K	$124K	12x	as long as short
BloFin POL-USDT	+0.0079%	4h	0.1085	−0.108%	$894K	$134K	75x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1084	−0.215%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1085	−0.062%	$265K	$483K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1087	+0.086%	$7.3M	$3.4M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1086	+0.013%	$365K	$166K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1085	−0.108%	$15.4M	$8.8M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1086	+0.003%	$3.1M	$792K	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1085	−0.062%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1084	−0.138%	$601K	$163K	—	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0164% / S −0.0294%	1h	0.1086	long leg	$3K	—	100x