Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Bybit+0.120%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.120% dearer against Bybit than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1102	0.0100	pay 0.0050% / 4h	17m 14s	$15.8M	$11.8M	75x
Short	gTrade (Gains Network) POL/USD	0.1103	L +0.0004% / S −0.0007%	get 0.0001% / 1h	17m 14s	$24K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.120%Rate

Funding earned: −$19.47
Price spread: +0.120% → 0.000%: $11.98
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$28.49
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Bybit live order book, 1 min ago	2.27 bp	10.4 bp −$10	26.4 bp −$264	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	−0.0520%	1h	0.1097	−0.427%	$202K	$197K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1102	+0.054%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0004% / S −0.0007%	1h	0.1103	+0.120%	$24K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.844%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1102	+0.045%	$11K	$250K	20x	as long as short
Gate POL_USDT	+0.0092%	4h	0.1101	−0.064%	$1.8M	$1.3M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1103	+0.098%	$281K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	−0.022%	$366K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1103	+0.082%	$17.1M	$41.6M	75x	as long as short
Bybit POLUSDTlong	+0.0100%	4h	0.1102	long leg	$15.8M	$11.8M	75x

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	0.1103	+0.082%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	+0.082%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.009%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1103	+0.109%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1102	+0.036%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1100	−0.159%	$609K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	−0.109%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1101	−0.064%	$195K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1102	+0.027%	$92K	$456K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	−0.064%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0136%	1h	0.1105	+0.254%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0152%	1h	0.1101	−0.054%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1103	+0.121%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1103	+0.117%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	−0.018%	$912K	$169K	75x	as long as short