Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.023%

Price spread now: MEXC against Injective+1.053%70s7-day average +0.248% · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+1.280%+$128 on $10k

Price spread, last 3 days (all we have)+1.501%+$150 · spread now +1.053%, 7d avg +0.248%

Together, before fees+2.781%+$278 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.805% dearer against Injective than usual: you sell high and buy low: +$80 more if the spread goes back to its 7-day average of +0.248%. The two prices were read 70 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	Injective POL/USDC PERP	0.1111	−0.0162	get 0.0020% / 1h	8m 12s	$3K	$124K	12x
Short	MEXC POL_USDT	0.1123	0.0100	get 0.0050% / 4h	1h 08m	$23.7M	$3.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +1.053%Rate

Funding earned: $55.1
Price spread: +1.053% → +0.248%: $80.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $135.56
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: live order book, 31 min ago; MEXC: live order book, 6 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 Injective live order book, 31 min ago	75.79 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.44 bp	3.6 bp −$4	9.5 bp −$95	73.9 bp −$7,388	198.8 bp −$99.4K

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 PERPlong	−0.0162%	1h	0.1111	long leg	$3K	$124K	12x
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	+0.990%	$205K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	+1.127%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0010%	4h	0.1123	+1.035%	$11K	$196K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1122	+1.035%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1123	+1.122%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0013%	1h	0.1124	+1.169%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1123	+1.084%	$300K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1123	+1.082%	$376K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1123	+1.062%	$17.4M	$51.0M	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	0.1122	+1.026%	$16.2M	$15.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	+1.044%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	+1.062%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1123	+1.053%	$23.7M	$3.9M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1123	+1.089%	$2.8M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1124	+1.143%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1123	+1.107%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1123	+1.062%	$663K	$191K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1124	+1.143%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1124	+1.170%	$199K	$658K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	+1.046%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1121	+0.945%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1123	+1.112%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0243%	1h	0.1125	+1.289%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1123	+1.044%	$914K	$170K	75x	as long as short