POL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.053%

Price spread now: BingX against BloFin−0.283%51s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1471.473% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.758%+$76 · spread now −0.283%, 7d avg +0.013%

Together, before fees+0.713%+$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.296% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 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	BloFin POL-USDT	0.1096	0.0340	pay 0.0170% / 4h	1h 56m	$898K	$155K	75x
Short	BingX POL-USDC	0.1093	0.0100	get 0.0050% / 4h	1h 56m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.283%Rate

Funding earned: −$50.4
Price spread: −0.283% → +0.013%: −$29.58
Slippage, 4 orders: −$125.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$227.27
Costs to cover: 1.473%
Break-even: never at this rate

Slippage from BloFin: live order book, 31 min ago; BingX: 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 BloFin live order book, 31 min ago	0.92 bp	10.9 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.11 bp	67.8 bp −$68	453.0 bp −$4,530	1141.4 bp −$114.1K	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	−0.0472%	1h	0.1092	−0.356%	$202K	$203K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1094	−0.218%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0220%	4h	0.1092	−0.356%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.281%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1094	−0.193%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	−0.184%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0031%	4h	0.1093	−0.246%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.378%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1093	−0.267%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	−0.100%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1094	−0.204%	$362K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	−0.265%	$16.7M	$37.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−0.283%	$15.7M	$10.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1093	−0.265%	$5.7M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	−0.265%	$24.6M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−0.155%	$2.9M	$938K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	−0.237%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDCshort	+0.0100%	4h	0.1093	−0.283%	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1095	−0.087%	$605K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1096	−0.028%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1096	+0.009%	$195K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	−0.302%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.396%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	−0.190%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0340%	4h	0.1096	long leg	$898K	$155K	75x