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 −0.059%

Price spread now: MEXC against BloFin−0.128%79s7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as 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−$370.367% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.424%+$42 · spread now −0.128%, 7d avg +0.022%

Together, before fees+0.161%+$16 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 MEXC is 0.151% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.022%). Swap the legs. The two prices were read 79 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	0.1091	0.0336	pay 0.0168% / 4h	11m 52s	$898K	$146K	75x
Short	MEXC POL_USDT	0.1089	0.0096	get 0.0048% / 4h	11m 52s	$24.9M	$3.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$50.44
Price spread: −0.128% → +0.022%: −$15.06
Slippage, 4 orders: −$24.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$102.23
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; MEXC: live order book, 2 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, 5 min ago	1.38 bp	13.7 bp −$14	18.5 bp −$185	63.7 bp −$6,374	doesn't fit
Sell MEXC live order book, 2 min ago	1.38 bp	4.8 bp −$5	35.6 bp −$356	86.7 bp −$8,670	206.6 bp −$103.3K

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	−0.0544%	1h	0.1087	−0.348%	$201K	$176K	50x	as long as short
Gate POL_USDT	−0.0250%	4h	0.1090	−0.055%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1091	+0.049%	$1.1M	$995K	50x	as long as short
OKX POL-USDT-SWAP	−0.0080%	4h	0.1090	−0.110%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0049%	4h	0.1090	−0.055%	$11K	$2.0M	20x	as long as short
ApeX Omni POLUSDT	−0.0022%	1h	0.1091	+0.018%	$194K	$642K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1090	−0.050%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	+0.072%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1091	+0.043%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.852%	$3K	$124K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0036%	4h	0.1089	−0.138%	$15.7M	$9.6M	75x	as long as short
GRVT POL_USDT_Perp	+0.0042%	4h	0.1090	−0.072%	$1.1M	$2.9M	10x	as long as short
Lighter POL	+0.0096%	1h	0.1090	−0.104%	$275K	$544K	8x	as long as short
Extended POL-USD	+0.0096%	1h	0.1089	−0.128%	$91K	$518K	10x	as long as short
MEXC POL_USDTshort	+0.0096%	4h	0.1089	−0.128%	$24.9M	$3.4M	125x
Binance POLUSDT	+0.0096%	4h	0.1089	−0.156%	$16.6M	$36.3M	75x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1091	+0.028%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1091	+0.012%	$362K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1090	−0.037%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1090	−0.055%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1090	−0.119%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1090	−0.107%	$602K	$166K	—	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1089	−0.211%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1091	+0.038%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0336%	4h	0.1091	long leg	$898K	$146K	75x