Spread before costs (cost unknown: a leg has no order-book sample)+0.111%
7d average—if it closes, per $10,000$11funding while held, a day+$10.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POL-USDT | 0.1136 | 0.0340 | pay 0.0170% / 4h | 2m 31s | $945K | $189K | 75x |
| Short | GMX POL/USD [ETH-USDC] | 0.1137 | L +0.0215% / S −0.0699% | get 0.0087% / 1h | 2m 31s | $3K | — | 100x |
BloFin POL-USDT
GMX POL/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $11.09
- Funding while held
- $10.77
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$2.14
- Spread needed to break even
- 0.240%
Slippage unknown: BloFin: live order book, 46 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0359%
- Per $10,000 a day
- +$10.77
- Average in range /8h
- —
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, 46 min ago | 0.44 bp | 12.6 bp −$13 | 22.3 bp −$223 | 66.1 bp −$6,609 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
POL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1131cheapestAevo0.1134+0.309%ApeX Omni0.1135+0.354%Bybit0.1135+0.380%
Injective
Aevo
ApeX Omni
BybitBloFin0.1136+0.416%
Gate0.1136+0.433%Orderly0.1136+0.433%Reya0.1136+0.441%BingX0.1137+0.522%gTrade (Gains Network)0.1137+0.527%
Gate
Orderly
Reya
BingX
gTrade (Gains Network)GMX0.1137+0.527%
Coinbase International0.1137+0.531%Variational Omni0.1137+0.535%Binance0.1137+0.536%Extended0.1137+0.537%OKX0.1137+0.548%KuCoin0.1137+0.548%Aster0.1137+0.563%Kraken Futures0.1137+0.572%MEXC0.1138+0.575%Bitget0.1138+0.584%dYdX0.1138+0.619%Lighter0.1138+0.649%Hyperliquid0.1140+0.760%
Coinbase International
Variational Omni
Binance
Extended
OKX
KuCoin
Aster
Kraken Futures
MEXC
Bitget
dYdX
Lighter
HyperliquidPOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.414% | +0.0033% | 1h | $3K | $176K | 12x | as long as short |
| Aevo POL-PERP | −0.106% | +0.0104% | 1h | $42K | — | 3x | as long as short |
| ApeX Omni POLUSDT | −0.062% | −0.0086% | 1h | $201K | $647K | 50x | as long as short |
| Bybit POLUSDT | −0.035% | +0.0052% | 4h | $16.3M | $17.2M | 75x | as long as short |
| BloFin POL-USDTlong | 0.000% | +0.0340% | 4h | $945K | $189K | 75x | |
| Gate POL_USDT | +0.018% | −0.0086% | 4h | $1.9M | $1.5M | 75x | as long as short |
| Orderly PERP_POL_USDC | +0.018% | −0.0126% | 4h | $11K | $272K | 20x | as long as short |
| Reya POLRUSDPERP | +0.025% | −0.0006% | 1h | $3K | — | — | as long as short |
| BingX POL-USDT | +0.106% | +0.0100% | 4h | — | $7.2M | — | as long as short |
| gTrade (Gains Network) POL/USD | +0.111% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX POL/USD [ETH-USDC]short | +0.111% | L +0.0215% / S −0.0699% | 1h | $3K | — | 100x | |
| Coinbase International POL-PERP-INTX | +0.114% | −0.0504% | 1h | $238K | $268K | 50x | as long as short |
| Variational Omni POL | +0.119% | +0.0100% | 4h | $676K | $319K | — | as long as short |
| Binance POLUSDT | +0.120% | +0.0099% | 4h | $17.4M | $55.7M | 75x | as long as short |
| Extended POL-USD | +0.121% | +0.0104% | 1h | $95K | $450K | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.132% | −0.0062% | 4h | $5.9M | $13.0M | 50x | as long as short |
| KuCoin POLUSDTM | +0.132% | +0.0100% | 4h | $3.3M | $1.1M | 50x | as long as short |
| Aster POLUSDT | +0.147% | +0.0100% | 4h | $383K | $558K | 20x | as long as short |
| Kraken Futures PF_POLUSD | +0.155% | +0.0010% | 1h | $1.3M | $1.8M | 50x | as long as short |
| MEXC POL_USDT | +0.158% | +0.0100% | 4h | $23.7M | $4.1M | 125x | as long as short |
| Bitget POLUSDT | +0.167% | +0.0100% | 4h | $4.3M | $6.2M | 50x | as long as short |
| dYdX POL-USD | +0.203% | +0.0983% | 1h | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.232% | +0.0096% | 1h | $334K | $542K | 8x | as long as short |
| Hyperliquid POL | +0.343% | +0.0118% | 1h | $6.9M | $4.7M | 5x | as long as short |