Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.022%

Price spread now: gTrade (Gains Network) against MEXC+0.058%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.058% dearer against MEXC than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1096	0.0100	pay 0.0050% / 4h	2h 03m	$24.7M	$3.3M	125x
Short	gTrade (Gains Network) POL/USD	0.1096	L +0.0003% / S −0.0001%	get 0.0000% / 1h	3m 14s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.058%Rate

Funding earned: −$20.72
Price spread: +0.058% → 0.000%: $5.84
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.88
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, just now; gTrade (Gains Network): 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 MEXC live order book, just now	0.91 bp	4.1 bp −$4	11.6 bp −$116	76.7 bp −$7,672	188.0 bp −$94.0K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0480%	1h	0.1093	−0.237%	$201K	$202K	50x	as long as short
Gate POL_USDT	−0.0190%	4h	0.1095	−0.064%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1096	+0.036%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1096	+0.020%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	+0.026%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0003% / S −0.0001%	1h	0.1096	+0.058%	$12K	—	150x
Orderly PERP_POL_USDC	+0.0032%	4h	0.1096	+0.037%	$11K	$1.0M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.406%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1096	+0.031%	$277K	$545K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1098	+0.177%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1096	+0.045%	$363K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1096	+0.018%	$16.7M	$37.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1095	−0.027%	$15.7M	$10.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1096	+0.009%	$5.6M	$9.6M	50x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1096	long leg	$24.7M	$3.3M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1096	+0.064%	$2.9M	$940K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1096	+0.037%	$4.1M	$4.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1096	+0.009%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1096	+0.033%	$606K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1096	+0.034%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1096	+0.037%	$195K	$633K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1095	−0.037%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1095	−0.100%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1096	+0.050%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1096	+0.027%	$888K	$156K	75x	as long as short