Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)−0.041%7-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 Bitget

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. Bitget is 0.041% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) POL/USD	0.1122	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	14m 14s	$22K	—	150x
Short	Bitget POLUSDT	0.1122	0.0100	get 0.0050% / 4h	2h 14m	$4.2M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.041%Rate

Funding earned: $20.15
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.95
Costs to cover: 0.220%
Break-even: 9.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	2.67 bp	16.2 bp −$16	22.1 bp −$221	doesn't fit	doesn't fit

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	−0.0080%	1h	0.1111	−0.986%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	−0.012%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0028%	4h	0.1121	−0.112%	$11K	$206K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.114%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0006%	1h	0.1122	long leg	$22K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.986%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0041%	1h	0.1121	−0.094%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1121	−0.090%	$311K	$562K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1123	+0.119%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	−0.043%	$373K	$383K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1121	−0.100%	$17.1M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.148%	$16.1M	$16.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.121%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.148%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.103%	$23.6M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	−0.005%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1122	−0.041%	$4.2M	$6.0M	50x
BingX POL-USDC	+0.0100%	4h	0.1120	−0.148%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	−0.170%	$662K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1122	−0.021%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	−0.005%	$199K	$663K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.101%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.210%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1122	−0.023%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.175%	$903K	$169K	75x	as long as short