Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)−0.054%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.054% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 45 hours of funding at the current rate (+$3 a day). The two prices were read 46 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	gTrade (Gains Network) POL/USD	0.1101	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	20m 29s	$24K	—	150x
Short	BingX POL-USDT	0.1100	0.0100	get 0.0050% / 4h	20m 29s	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $20.15
Price spread: −0.054% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$5.29
Costs to cover: 0.200%
Break-even: 8.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 2 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	1.82 bp	16.5 bp −$17	33.0 bp −$330	96.0 bp −$9,598	443.8 bp −$221.9K

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	0.1100	−0.100%	$202K	$197K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.081%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0007%	1h	0.1101	long leg	$24K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.899%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1100	−0.073%	$11K	$250K	20x	as long as short
Gate POL_USDT	+0.0094%	4h	0.1100	−0.145%	$1.8M	$1.3M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.012%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	−0.043%	$365K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1100	−0.080%	$17.0M	$41.6M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1099	−0.154%	$15.8M	$11.8M	75x	as long as short

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	0.1100	−0.082%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.036%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	−0.036%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1100	−0.054%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDTshort	+0.0100%	4h	0.1100	−0.054%	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1100	−0.105%	$609K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.064%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.173%	$196K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	−0.071%	$92K	$456K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	−0.202%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0138%	1h	0.1103	+0.145%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0163%	1h	0.1101	+0.001%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	−0.015%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0314%	1h	0.1101	+0.008%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1100	−0.073%	$905K	$169K	75x	as long as short