Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.070%
Price spread now: Gate against BloFin−0.027%78s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as 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−$670.667% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 3 days (all we have)+0.545%+$54 · spread now −0.027%, 7d avg −0.021%
=The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 78 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 -0.124% in total (about -6.5% 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 | 0.1126 | 0.0340 | pay 0.0170% / 4h | 1h 27m | $910K | $170K | 75x |
| Short | Gate POL_USDT | 0.1125 | 0.0100 | get 0.0050% / 4h | 1h 27m | $1.9M | $1.3M | 75x |
BloFin POL-USDT
Gate POL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.027% → −0.021%
- −$0.61
- Slippage, 4 orders
- −$39.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$117.69
- Costs to cover
- 0.667%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; Gate: 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, 54 min ago | 0.89 bp | 8.0 bp −$8 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.89 bp | 20.5 bp −$20 | 191.7 bp −$1,917 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.306% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1127 | +0.115% | $206K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1126 | +0.021% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0018% | 4h | 0.1126 | +0.027% | $11K | $199K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1128 | +0.194% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1129 | +0.273% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1129 | +0.251% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1126 | +0.027% | $306K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1127 | +0.107% | $375K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1126 | +0.044% | $17.4M | $51.7M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1125 | −0.018% | $16.2M | $15.9M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1126 | +0.018% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDTshort | +0.0100% | 4h | 0.1125 | −0.027% | $1.9M | $1.3M | 75x | |
| MEXC POL_USDT | +0.0100% | 4h | 0.1126 | +0.036% | $23.8M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1126 | +0.062% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1127 | +0.071% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1126 | +0.009% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1125 | −0.079% | $665K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1125 | −0.018% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1127 | +0.115% | $199K | $659K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1126 | +0.034% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1127 | +0.071% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0187% | 1h | 0.1128 | +0.222% | $7.6M | $4.6M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1128 | +0.211% | $3K | — | 100x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1126 | long leg | $910K | $170K | 75x |
Bybit POLUSDT
OKX POL-USDT-SWAP
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]