POL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0757%/8h= −82.9% APRnext payment −$3.79 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BingX−0.046%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.046%, 7d avg −0.013%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.032% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDT	0.1093	0.0100	pay 0.0050% / 4h	3h 58m	—	$7.2M	—
Short	Bybit POLUSDT	0.1093	−0.0657	pay 0.0329% / 4h	3h 58m	$15.7M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$159.06
Price spread: −0.046% → −0.013%: −$3.23
Slippage, 4 orders: −$32.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$215.35
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 5 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, 9 min ago	1.84 bp	13.1 bp −$13	28.4 bp −$284	95.9 bp −$9,590	485.8 bp −$242.9K
Sell Bybit live order book, 5 min ago	1.37 bp	12.7 bp −$13	33.8 bp −$338	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
Bybit POLUSDTshort	−0.0657%	4h	0.1093	−0.046%	$15.7M	$9.5M	75x
Coinbase International POL-PERP-INTX	−0.0600%	1h	0.1091	−0.210%	$202K	$177K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0475%	1h	0.1093	+0.001%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0214%	4h	0.1093	+0.009%	$1.8M	$1.2M	75x	as long as short
OKX POL-USDT-SWAP	−0.0074%	4h	0.1094	+0.027%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0067%	4h	0.1093	+0.009%	$11K	$2.1M	20x	as long as short
ApeX Omni POLUSDT	−0.0039%	1h	0.1092	−0.119%	$194K	$641K	50x	as long as short
Lighter POL	−0.0008%	1h	0.1093	+0.007%	$276K	$535K	8x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.068%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.151%	$19K	$3K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1094	+0.080%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.619%	$3K	$124K	12x	as long as short
GRVT POL_USDT_Perp	+0.0034%	4h	0.1094	+0.076%	$1.1M	$2.9M	10x	as long as short
Binance POLUSDT	+0.0069%	4h	0.1093	−0.009%	$16.7M	$36.3M	75x	as long as short
Extended POL-USD	+0.0072%	1h	0.1092	−0.082%	$92K	$520K	10x	as long as short
MEXC POL_USDT	+0.0072%	4h	0.1094	+0.027%	$25.1M	$3.4M	125x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1093	−0.027%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.137%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	+0.026%	$362K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.055%	$2.9M	$868K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	+0.018%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1093	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1093	−0.023%	$604K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.065%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0293%	4h	0.1094	+0.073%	$894K	$146K	75x	as long as short