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: Gate against OKX+0.053%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.053%, 7d avg −0.037%

Together, before fees−0.001%$0 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: Gate is 0.090% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1126	0.0100	pay 0.0050% / 4h	1h 19m	$5.8M	$12.1M	50x
Short	Gate POL_USDT	0.1126	0.0100	get 0.0050% / 4h	1h 19m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.037%: $9
Slippage, 4 orders: −$41.65
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.65
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 3 min ago.

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 OKX live order book, 4 min ago	1.33 bp	14.2 bp −$14	57.9 bp −$579	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.44 bp	20.2 bp −$20	199.6 bp −$1,996	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.297%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1126	+0.036%	$206K	$237K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1126	+0.072%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0016%	4h	0.1126	0.000%	$11K	$199K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1126	+0.041%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1127	+0.125%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0004%	1h	0.1126	+0.049%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1126	+0.071%	$306K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1127	+0.115%	$376K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	+0.074%	$17.4M	$51.6M	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	0.1126	+0.018%	$16.2M	$15.7M	75x	as long as short
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1126	long leg	$5.8M	$12.1M	50x
Gate POL_USDTshort	+0.0100%	4h	0.1126	+0.053%	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1127	+0.089%	$23.8M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1127	+0.098%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	+0.036%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1126	+0.053%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1126	−0.008%	$665K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.009%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1127	+0.124%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1126	+0.024%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	−0.098%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0209%	1h	0.1129	+0.284%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1127	+0.110%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1128	+0.204%	$917K	$171K	75x	as long as short