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Price arb /

POL

all POL markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.211%
7d average−0.017%if it closes, per $10,000$21funding while held, a day+$2.27
Long on BybitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POLUSDT0.11340.0024pay 0.0012% / 4h12m 34s$16.2M$17.2M75x
ShortVariational Omni POL0.11310.0100get 0.0050% / 4h12m 34s$674K$319K—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$21.14
Funding while held
$2.27
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$29.87
Spread needed to break even
0.110%
Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 38 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0076%
Per $10,000 a day
+$2.27
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.88 bp15.4 bp −$1548.1 bp −$481doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 38 min ago8.83 bpdoesn't fit53.0 bp −$530doesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1131cheapest
Variational Omni0.1131+0.009%
Reya0.1132+0.073%BloFin0.1132+0.080%Coinbase International0.1132+0.088%Orderly0.1132+0.106%Gate0.1133+0.186%Aevo0.1133+0.193%GMX0.1133+0.201%gTrade (Gains Network)0.1133+0.218%Kraken Futures0.1133+0.218%
Bybit0.1134+0.221%
OKX0.1134+0.265%ApeX Omni0.1134+0.265%BingX0.1134+0.274%Extended0.1134+0.283%Binance0.1135+0.313%MEXC0.1135+0.318%KuCoin0.1135+0.318%Bitget0.1135+0.336%Aster0.1135+0.344%Lighter0.1135+0.379%dYdX0.1135+0.389%Hyperliquid0.1138+0.575%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective POL/USDC PERP−0.221%+0.0033%1h$3K$176K12xas long as short
Variational Omni POLshort−0.211%+0.0100%4h$674K$319K—
Reya POLRUSDPERP−0.148%−0.0006%1h$3K——as long as short
BloFin POL-USDT−0.141%+0.0340%4h$940K$188K75xas long as short
Coinbase International POL-PERP-INTX−0.132%−0.0504%1h$238K$262K50xas long as short
Orderly PERP_POL_USDC−0.115%−0.0129%4h$11K$290K20xas long as short
Gate POL_USDT−0.035%−0.0080%4h$1.9M$1.5M75xas long as short
Aevo POL-PERP−0.028%+0.0104%1h$42K—3xas long as short
GMX POL/USD [ETH-USDC]−0.020%L +0.0215% / S −0.0699%1h$3K—100xas long as short
gTrade (Gains Network) POL/USD−0.004%L +0.0004% / S −0.0006%1h$22K—150xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_POLUSD−0.003%+0.0010%1h$1.3M$1.8M50xas long as short
Bybit POLUSDTlong0.000%+0.0024%4h$16.2M$17.2M75x
OKX POL-USDT-SWAP+0.044%−0.0067%4h$5.9M$12.8M50xas long as short
ApeX Omni POLUSDT+0.044%−0.0094%1h$201K$646K50xas long as short
BingX POL-USDC+0.053%+0.0100%4h—$1.6M—as long as short
Extended POL-USD+0.062%+0.0104%1h$94K$450K10xas long as short
Binance POLUSDT+0.092%+0.0100%4h$17.4M$55.4M75xas long as short
MEXC POL_USDT+0.097%+0.0100%4h$23.0M$3.9M125xas long as short
KuCoin POLUSDTM+0.097%+0.0100%4h$3.3M$1.1M50xas long as short
Bitget POLUSDT+0.115%+0.0100%4h$4.3M$6.2M50xas long as short
Aster POLUSDT+0.123%+0.0100%4h$382K$556K20xas long as short
Lighter POL+0.158%+0.0096%1h$333K$541K8xas long as short
dYdX POL-USD+0.168%+0.1076%1h$17K$3K5xas long as short
Hyperliquid POL+0.353%+0.0100%1h$6.8M$4.7M5xas long as short