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 −0.010%

Price spread now: OKX against BingX−0.036%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1451.453% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.036%, 7d avg +0.002%

Together, before fees−0.184%−$18 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: OKX is 0.038% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX POL-USDC	0.1102	0.0100	pay 0.0050% / 4h	23m 26s	—	$1.6M	—
Short	OKX POL-USDT-SWAP	0.1101	0.0100	get 0.0050% / 4h	23m 26s	$5.7M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.002%: −$3.85
Slippage, 4 orders: −$125.32
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$149.17
Costs to cover: 1.453%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; OKX: 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, 8 min ago	4.54 bp	48.4 bp −$48	195.5 bp −$1,955	962.3 bp −$96.2K	doesn't fit
Sell OKX live order book, 5 min ago	1.36 bp	14.8 bp −$15	59.1 bp −$591	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	−0.0520%	1h	0.1100	−0.154%	$202K	$197K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.056%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	+0.041%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.844%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1101	−0.054%	$11K	$252K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	+0.019%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	+0.008%	$366K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	−0.027%	$17.1M	$41.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.045%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAPshort	+0.0100%	4h	0.1101	−0.036%	$5.7M	$10.1M	50x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1101	−0.073%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	−0.009%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.009%	$2.9M	$977K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	−0.036%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDClong	+0.0100%	4h	0.1102	long leg	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1100	−0.114%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.018%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.118%	$196K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1101	−0.044%	$95K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.152%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0139%	1h	0.1103	+0.154%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0177%	1h	0.1102	+0.036%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.006%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1102	+0.008%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	−0.027%	$905K	$169K	75x	as long as short