POL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0652%/8h= −71.4% APRpaid last 24h −0.216%

Price spread now: Coinbase International against BloFin−0.550%238s7-day average −0.368% · you buy dearer than you sell

Net, funding: paid 7d − costs−$873as 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−$8138.132% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.599%−$60 on $10k

Price spread, last 3 days (all we have)−0.199%−$20 · spread now −0.550%, 7d avg −0.368%

Together, before fees−0.798%−$80 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Coinbase International is 0.182% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.368%). Swap the legs. The two prices were read 238 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1109	0.0340	pay 0.0170% / 4h	2h 45m	$912K	$156K	75x
Short	Coinbase International POL-PERP-INTX	0.1103	−0.0312	pay 0.0039% / 1h	45m 17s	$203K	$202K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.550%Rate

Funding earned: −$136.92
Price spread: −0.550% → −0.368%: −$18.25
Slippage, 4 orders: −$791.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$968.33
Costs to cover: 8.132%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Coinbase International: live order book, 23 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, 22 min ago	0.89 bp	15.4 bp −$15	25.9 bp −$259	doesn't fit	doesn't fit
Sell Coinbase International live order book, 23 min ago	13.38 bp	76.4 bp −$76	doesn't fit	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-INTXshort	−0.0312%	1h	0.1103	−0.550%	$203K	$202K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1106	−0.256%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1108	−0.099%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1107	−0.148%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.171%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0033%	4h	0.1107	−0.198%	$11K	$244K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1107	−0.190%	$286K	$575K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1108	−0.090%	$368K	$275K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1106	−0.313%	$17.0M	$43.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1104	−0.478%	$16.0M	$12.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1104	−0.433%	$5.7M	$10.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1108	−0.117%	$1.8M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1107	−0.189%	$23.9M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1107	−0.207%	$2.9M	$986K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	−0.243%	$4.1M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1107	−0.162%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1107	−0.223%	$613K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1110	+0.090%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1109	−0.009%	$196K	$641K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	−0.253%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1105	−0.369%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1108	−0.142%	$1.2M	$1.3M	50x	as long as short
Hyperliquid POL	+0.0127%	1h	0.1109	−0.036%	$7.5M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1107	−0.189%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0340%	4h	0.1109	long leg	$912K	$156K	75x