Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.055%

Price spread now: BloFin against Extended+0.532%94s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$570.575% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 4 days (all we have)−0.896%−$90 · spread now +0.532%, 7d avg +0.003%

Together, before fees−0.629%+ Points / potential airdropExtended: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.529% dearer against Extended than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of +0.003%. The two prices were read 94 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	Extended POL-USD	0.1085	0.0104	pay 0.0013% / 1h	31m 26s	$91K	$270K	10x
Short	BloFin POL-USDT	0.1091	0.0340	get 0.0170% / 4h	2h 31m	$899K	$160K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.532%Rate

Funding earned: $49.56
Price spread: +0.532% → +0.003%: $52.91
Slippage, 4 orders: −$40.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $45
Costs to cover: 0.575%
Break-even: 0.6 days

Slippage from Extended: live order book, 16 min ago; BloFin: live order book, 60 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 Extended live order book, 16 min ago	1.84 bp	16.5 bp −$17	243.4 bp −$2,434	doesn't fit	doesn't fit
Sell BloFin live order book, 60 min ago	0.91 bp	17.9 bp −$18	33.7 bp −$337	87.8 bp −$8,781	doesn't fit

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	−0.0480%	1h	0.1086	+0.099%	$200K	$200K	50x	as long as short
Gate POL_USDT	−0.0260%	4h	0.1084	−0.076%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1085	−0.006%	$1.1M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1084	−0.075%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1086	+0.079%	$18K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1086	+0.073%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.404%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1085	−0.011%	$11K	$922K	20x	as long as short
ApeX Omni POLUSDT	+0.0042%	1h	0.1087	+0.191%	$193K	$630K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1085	−0.003%	$276K	$542K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1086	+0.099%	$7.3M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1085	+0.047%	$360K	$242K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1084	−0.048%	$16.6M	$38.4M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1084	−0.057%	$15.6M	$10.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1085	−0.030%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1085	−0.002%	$24.4M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1085	+0.016%	$2.8M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1085	−0.030%	$4.0M	$4.2M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1085	+0.035%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1088	+0.305%	$602K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1086	+0.108%	$1.1M	$2.8M	10x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1085	long leg	$91K	$270K	10x
Aevo POL-PERP	+0.0104%	1h	0.1087	+0.155%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1086	+0.063%	$3K	—	100x	as long as short
BloFin POL-USDTshort	+0.0340%	4h	0.1091	+0.532%	$899K	$160K	75x