Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against BingX+0.113%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.113% dearer against BingX than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDT	0.1115	0.0100	pay 0.0050% / 4h	2h 05m	—	$7.2M	—
Short	gTrade (Gains Network) POL/USD	0.1116	L +0.0004% / S −0.0006%	get 0.0001% / 1h	5m 53s	$22K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.113%Rate

Funding earned: −$19.7
Price spread: +0.113% → 0.000%: $11.3
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$28.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 BingX live order book, 2 min ago	0.89 bp	13.5 bp −$13	25.2 bp −$252	81.3 bp −$8,134	464.8 bp −$232.4K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0080%	1h	0.1111	−0.368%	$202K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1116	+0.056%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0027%	4h	0.1115	+0.036%	$11K	$206K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1115	+0.004%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0004% / S −0.0006%	1h	0.1116	+0.113%	$22K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.368%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0035%	1h	0.1117	+0.170%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1115	+0.017%	$309K	$562K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1117	+0.206%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1116	+0.062%	$371K	$359K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1115	+0.018%	$17.0M	$51.7M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1114	−0.090%	$16.0M	$16.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1115	−0.027%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1114	−0.099%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1115	0.000%	$23.5M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1114	−0.054%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1115	−0.009%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1115	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1118	+0.244%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.310%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	+0.350%	$198K	$662K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1115	−0.022%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1114	−0.143%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1116	+0.101%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1117	+0.206%	$906K	$168K	75x	as long as short