POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.061%

Price spread now: BloFin against BingX+0.054%51s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.571% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−1.497%−$150 · spread now +0.054%, 7d avg −0.010%

Together, before fees−1.438%−$144 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.065% dearer against BingX than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.010%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1101	0.0100	pay 0.0050% / 4h	3h 02m	—	$1.6M	—
Short	BloFin POL-USDT	0.1102	0.0074	get 0.0037% / 4h	3h 02m	$900K	$143K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$5.51
Price spread: +0.054% → −0.010%: $6.5
Slippage, 4 orders: −$35.08
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56.09
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 10 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 BingX live order book, 5 min ago	4.54 bp	14.2 bp −$14	53.4 bp −$534	736.5 bp −$73.6K	doesn't fit
Sell BloFin live order book, 10 min ago	1.81 bp	14.3 bp −$14	22.1 bp −$221	73.7 bp −$7,367	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	−0.0600%	1h	0.1100	−0.091%	$200K	$181K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0471%	1h	0.1101	+0.041%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0186%	4h	0.1101	−0.036%	$1.8M	$1.2M	75x	as long as short
Orderly PERP_POL_USDC	−0.0117%	4h	0.1100	−0.054%	$11K	$2.5M	20x	as long as short
OKX POL-USDT-SWAP	−0.0046%	4h	0.1100	−0.082%	$5.7M	$9.1M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.097%	$3K	—	—	as long as short
GRVT POL_USDT_Perp	0.0000%	4h	0.1101	+0.036%	$1.1M	$2.8M	10x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1101	+0.018%	$9K	—	150x	as long as short
Extended POL-USD	+0.0016%	1h	0.1100	−0.073%	$94K	$526K	10x	as long as short
MEXC POL_USDT	+0.0018%	4h	0.1100	−0.045%	$25.3M	$3.4M	125x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0018%	4h	0.1100	−0.066%	$16.8M	$34.8M	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.908%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDT	+0.0071%	1h	0.1102	+0.091%	$156K	$662K	50x	as long as short
BloFin POL-USDTshort	+0.0074%	4h	0.1102	+0.054%	$900K	$143K	75x
Aevo POL-PERP	+0.0088%	1h	0.1099	−0.208%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.022%	$269K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1103	+0.158%	$7.4M	$3.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	+0.076%	$370K	$172K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.109%	$15.8M	$9.2M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	+0.009%	$2.9M	$782K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	0.000%	$4.0M	$3.6M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1101	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1101	−0.007%	$609K	$167K	—	as long as short
dYdX POL-USD	+0.0109%	1h	0.1102	+0.092%	$23K	$8K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1101	+0.019%	$3K	—	100x	as long as short