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

POL

all POL markets
SwapBacktest
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 −0.002%
Price spread now: Bybit against Bitget−0.027%7-day average −0.022% · 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−$63as in the Price arb table
costs, in and out, $10k−$620.625% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days−0.037%−$4 · spread now −0.027%, 7d avg −0.022%
Together, before fees−0.017%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11260.0100pay 0.0050% / 4h3h 13m$4.2M$4.8M50x
ShortBybit POLUSDT0.11260.0100get 0.0050% / 4h3h 13m$16.2M$12.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: −0.027% → −0.022%
−$0.42
Slippage, 4 orders
−$39.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$62.91
Costs to cover
0.625%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago3.12 bp10.6 bp −$1118.3 bp −$183doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.45 bp21.4 bp −$2144.5 bp −$445doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_POLUSD−0.0238%1h0.1127+0.040%$1.2M$1.3M50xas long as short
Coinbase International POL-PERP-INTX−0.0152%1h0.1116−0.923%$204K$199K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1125−0.140%$3Kas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1126−0.043%$24K150xas long as short
dYdX POL-USD+0.0018%1h0.1127+0.037%$17K$4K5xas long as short
Orderly PERP_POL_USDC+0.0024%4h0.1125−0.098%$11K$162K20xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111−1.367%$3K$124K12xas long as short
Lighter POL+0.0096%1h0.1127+0.040%$294K$585K8xas long as short
Aster POLUSDT+0.0100%4h0.1127+0.024%$374K$303K20xas long as short
Binance POLUSDT+0.0100%4h0.1127+0.010%$17.3M$44.1M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDTshort+0.0100%4h0.1126−0.027%$16.2M$12.9M75x
OKX POL-USDT-SWAP+0.0100%4h0.1126−0.036%$5.8M$10.6M50xas long as short
Gate POL_USDT+0.0100%4h0.1126−0.071%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1127+0.009%$24.4M$3.7M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1127+0.027%$3.0M$973K50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1126long leg$4.2M$4.8M50x
BingX POL-USDC+0.0100%4h0.1127+0.027%$1.6Mas long as short
Variational Omni POL+0.0100%4h0.1125−0.122%$623K$224Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1124−0.244%$1.1M$2.9M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1122−0.391%$199K$645K50xas long as short
Extended POL-USD+0.0104%1h0.1126−0.013%$94K$449K10xas long as short
Aevo POL-PERP+0.0104%1h0.1124−0.213%$41K3xas long as short
Hyperliquid POL+0.0179%1h0.1128+0.160%$7.6M$3.9M5xas long as short
GMX POL/USD [ETH-USDC]L +0.0217% / S −0.0750%1h0.1126−0.056%$3K100xas long as short
BloFin POL-USDT+0.0340%4h0.1127+0.009%$912K$161K75xas long as short