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 +0.013%

Price spread now: Variational Omni against MEXC−0.208%7-day average −0.049% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.208%, 7d avg −0.049%

Together, before fees+0.256%+ Points / potential airdropVariational Omni: Active · farm board+$26 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: Variational Omni is 0.158% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1122	0.0100	pay 0.0050% / 4h	22m 08s	$24.3M	$3.9M	125x
Short	Variational Omni POL	0.1119	0.0100	get 0.0050% / 4h	22m 08s	$661K	$183K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.208%Rate

Funding earned: $0
Price spread: −0.208% → −0.049%: −$15.83
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.83
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 57 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 MEXC live order book, 2 min ago	0.89 bp	3.4 bp −$3	9.6 bp −$96	59.7 bp −$5,968	119.5 bp −$59.7K
Sell Variational Omni RFQ quote, 57 min ago	4.44 bp	doesn't fit	40.0 bp −$400	doesn't fit	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
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	+0.018%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	+0.037%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1122	−0.001%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.051%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0009%	4h	0.1122	−0.009%	$11K	$189K	20x	as long as short
dYdX POL-USD	+0.0016%	1h	0.1120	−0.156%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.963%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1122	+0.021%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	+0.052%	$373K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1122	+0.007%	$17.3M	$50.1M	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	0.1121	−0.071%	$16.2M	$15.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.036%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.134%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1122	long leg	$24.3M	$3.9M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.053%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+0.018%	$4.2M	$5.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1121	−0.089%	—	$1.7M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1119	−0.208%	$661K	$183K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	−0.098%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.160%	$198K	$652K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	−0.001%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1122	+0.018%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1123	+0.089%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0267%	1h	0.1124	+0.196%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.267%	$911K	$168K	75x	as long as short