Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against Binance−0.072%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.072%, 7d avg −0.025%

Together, before fees+0.191%+$19 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: Bybit is 0.047% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1105	0.0100	pay 0.0050% / 4h	1h 35m	$17.2M	$42.2M	75x
Short	Bybit POLUSDT	0.1104	0.0100	get 0.0050% / 4h	1h 35m	$15.9M	$11.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.025%: −$4.66
Slippage, 4 orders: −$35.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.46
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago	0.45 bp	13.1 bp −$13	25.3 bp −$253	180.5 bp −$18.0K	doesn't fit
Sell Bybit live order book, 3 min ago	1.36 bp	20.7 bp −$21	46.7 bp −$467	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	−0.0464%	1h	0.1098	−0.615%	$202K	$200K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1104	−0.053%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1104	−0.099%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1105	+0.001%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.562%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1104	−0.063%	$11K	$298K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1105	+0.010%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	−0.056%	$367K	$269K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1105	long leg	$17.2M	$42.2M	75x
Bybit POLUSDTshort	+0.0100%	4h	0.1104	−0.072%	$15.9M	$11.9M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1105	−0.017%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1104	−0.072%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1105	−0.008%	$23.9M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1105	+0.001%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1105	+0.010%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1105	−0.008%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.195%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.255%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1101	−0.343%	$195K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1104	−0.057%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1103	−0.207%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1105	−0.006%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0232%	1h	0.1106	+0.146%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1106	+0.077%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1104	−0.072%	$913K	$166K	75x	as long as short