Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0700%/8h= +76.7% APRpaid last 24h +0.149%

Price spread now: BingX against Coinbase International+0.279%7-day average +0.353% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2402.399% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.689%+$69 on $10k

Price spread, last 4 days (all we have)+1.048%+$105 · spread now +0.279%, 7d avg +0.353%

Together, before fees+1.736%+$174 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.074% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.279% now, against its 7-day average of +0.353%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.689% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1076	−0.0624	get 0.0078% / 1h	29m 15s	$195K	$164K	50x
Short	BingX POL-USDC	0.1079	0.0076	get 0.0038% / 4h	1h 29m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.279%Rate

Funding earned: $147
Price spread: +0.279% → +0.353%: −$7.44
Slippage, 4 orders: −$219.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$100.36
Costs to cover: 2.399%
Break-even: 11.8 days

Slippage from Coinbase International: live order book, 17 min ago; BingX: live order book, 10 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 Coinbase International live order book, 17 min ago	18.47 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	4.62 bp	66.1 bp −$66	503.4 bp −$5,034	1089.8 bp −$109.0K	doesn't fit

POL on 25 exchanges

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-INTXlong	−0.0624%	1h	0.1076	long leg	$195K	$164K	50x
Kraken Futures PF_POLUSD	−0.0349%	1h	0.1079	+0.322%	$1.1M	$959K	50x	as long as short
Orderly PERP_POL_USDC	−0.0193%	4h	0.1079	+0.288%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0112%	4h	0.1079	+0.297%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0080%	4h	0.1079	+0.256%	$1.0M	$2.7M	10x	as long as short
Bitget POLUSDT	−0.0010%	4h	0.1080	+0.372%	$3.9M	$3.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1080	+0.329%	$2K	—	—	as long as short
OKX POL-USDT-SWAP	−0.0004%	4h	0.1079	+0.242%	$5.6M	$8.1M	50x	as long as short
dYdX POL-USD	0.0000%	1h	0.1081	+0.441%	$23K	$9K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1079	+0.312%	$8K	—	150x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDT	+0.0004%	4h	0.1079	+0.242%	$24.8M	$3.2M	125x	as long as short
Binance POLUSDT	+0.0006%	4h	0.1079	+0.251%	$16.4M	$31.8M	75x	as long as short
Extended POL-USD	+0.0008%	1h	0.1079	+0.252%	$90K	$528K	10x	as long as short
BloFin POL-USDT	+0.0017%	4h	0.1079	+0.251%	$888K	$133K	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+3.253%	$3K	$124K	12x	as long as short
Bybit POLUSDT	+0.0049%	4h	0.1078	+0.214%	$15.3M	$8.8M	75x	as long as short
BingX POL-USDCshort	+0.0076%	4h	0.1079	+0.279%	—	$1.6M	—
Aster POLUSDT	+0.0079%	4h	0.1079	+0.297%	$362K	$164K	20x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1077	+0.093%	$39K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1079	+0.283%	$263K	$486K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1080	+0.409%	$7.3M	$3.5M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1080	+0.353%	$3.1M	$793K	50x	as long as short
Variational Omni POL	+0.0100%	4h	0.1078	+0.176%	$597K	$161K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1079	+0.279%	$153K	$662K	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0202% / S −0.0373%	1h	0.1080	+0.359%	$3K	—	100x	as long as short