Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.51 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget−0.046%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$550.551% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 7 days+0.022%+$2 · spread now −0.046%, 7d avg −0.010%
Together, before fees+0.111%+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.036% cheaper against Bitget than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.010%). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.089% in total) that is about 2.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.1092−0.0002get 0.0001% / 4h1h 57m$4.0M$3.2M50x
ShortBingX POL-USDT0.10920.0100get 0.0050% / 4h1h 57m$7.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
$21.42
Price spread: −0.046% → −0.010%
−$3.56
Slippage, 4 orders
−$33.11
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$37.25
Costs to cover
0.551%
Break-even
19.2 days
Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago2.29 bp12.9 bp −$1331.6 bp −$316doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago1.83 bp13.6 bp −$1424.0 bp −$24082.3 bp −$8,229438.2 bp −$219.1K

POL on 25 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0624%1h0.1090−0.220%$198K$164K50xas long as short
Kraken Futures PF_POLUSD−0.0345%1h0.1093+0.037%$1.2M$930K50xas long as short
Orderly PERP_POL_USDC−0.0183%4h0.1091−0.092%$10K$2.6M20xas long as short
Gate POL_USDT−0.0146%4h0.1091−0.082%$1.8M$1.0M75xas long as short
GRVT POL_USDT_Perp−0.0066%4h0.1092−0.019%$1.0M$2.8M10xas long as short
OKX POL-USDT-SWAP−0.0031%4h0.1092−0.073%$5.7M$8.3M50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1091−0.109%$2Kas long as short
Bitget POLUSDTlong−0.0002%4h0.1092long leg$4.0M$3.2M50x
dYdX POL-USD0.0000%1h0.1093+0.032%$24K$9K5xas long as short
gTrade (Gains Network) POL/USDL +0.0003% / S −0.0003%1h0.1093+0.069%$9K150xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC POL_USDT+0.0014%4h0.1091−0.082%$25.1M$3.1M125xas long as short
Binance POLUSDT+0.0015%4h0.1091−0.096%$16.7M$32.1M75xas long as short
Extended POL-USD+0.0016%1h0.1091−0.110%$92K$526K10xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+1.703%$3K$124K12xas long as short
BloFin POL-USDT+0.0046%4h0.1092−0.037%$897K$136K75xas long as short
ApeX Omni POLUSDT+0.0052%1h0.1092−0.037%$154K$666K50xas long as short
Aevo POL-PERP+0.0080%1h0.1093+0.086%$40K3xas long as short
Lighter POL+0.0096%1h0.1092−0.037%$267K$478K8xas long as short
Hyperliquid POL+0.0100%1h0.1093+0.064%$7.4M$3.5M5xas long as short
Aster POLUSDT+0.0100%4h0.1092−0.037%$367K$168K20xas long as short
Bybit POLUSDT+0.0100%4h0.1091−0.101%$15.7M$8.6M75xas long as short
KuCoin POLUSDTM+0.0100%4h0.1093+0.027%$2.9M$761K50xas long as short
BingX POL-USDTshort+0.0100%4h0.1092−0.046%$7.0M
Variational Omni POL+0.0100%4h0.1091−0.110%$603K$163Kas long as short
GMX POL/USD [ETH-USDC]L +0.0164% / S −0.0294%1h0.10920.000%$3K100xas long as short