Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0506%/8h= +55.4% APRpaid last 24h +0.175%

Price spread now: GMX against MEXC+0.025%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 GMX

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.025% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1119	0.0100	pay 0.0050% / 4h	1h 46m	$23.6M	$3.8M	125x
Short	GMX POL/USD [ETH-USDC]	0.1119	L +0.0211% / S −0.0606%	get 0.0076% / 1h	46m 40s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $106.32
Price spread: +0.025% → 0.000%: $2.5
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $96.82
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: MEXC: live order book, 2 min ago; GMX: 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, 2 min ago	0.45 bp	2.3 bp −$2	11.3 bp −$113	76.6 bp −$7,664	195.5 bp −$97.8K
Sell GMX no order-book sample	—	—	—	—	—

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 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	−0.715%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.715%	$202K	$250K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1119	+0.033%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0026%	4h	0.1118	−0.063%	$11K	$203K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	+0.013%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1120	+0.080%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1120	+0.051%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1119	+0.015%	$305K	$563K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.059%	$372K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	−0.009%	$17.1M	$51.4M	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	0.1119	−0.045%	$16.1M	$16.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.009%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1118	−0.063%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1119	long leg	$23.6M	$3.8M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1119	−0.018%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	+0.009%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1119	+0.009%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.008%	$661K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.023%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	0.000%	$198K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	+0.001%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.179%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0178%	1h	0.1121	+0.206%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0211% / S −0.0606%	1h	0.1119	+0.025%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.036%	$904K	$168K	75x	as long as short