Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.022%

Price spread now: Bybit against gTrade (Gains Network)−0.036%82s7-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 Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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. Bybit is 0.036% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). The two prices were read 82 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	0.1094	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	18m 01s	$9K	—	150x
Short	Bybit POLUSDT	0.1093	0.0100	get 0.0050% / 4h	2h 18m	$15.7M	$9.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $20.27
Price spread: −0.036% → 0.000%: −$3.57
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.3
Costs to cover: 0.210%
Break-even: 8.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.92 bp	12.6 bp −$13	28.0 bp −$280	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 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-INTX	−0.0584%	1h	0.1090	−0.347%	$198K	$168K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0353%	1h	0.1094	+0.027%	$1.2M	$980K	50x	as long as short
Gate POL_USDT	−0.0172%	4h	0.1094	−0.027%	$1.8M	$1.2M	75x	as long as short
Orderly PERP_POL_USDC	−0.0166%	4h	0.1093	−0.045%	$10K	$2.6M	20x	as long as short
OKX POL-USDT-SWAP	−0.0056%	4h	0.1093	−0.045%	$5.7M	$8.7M	50x	as long as short
GRVT POL_USDT_Perp	−0.0052%	4h	0.1093	−0.031%	$1.1M	$2.8M	10x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.041%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0003% / S −0.0003%	1h	0.1094	long leg	$9K	—	150x
Extended POL-USD	+0.0008%	1h	0.1093	−0.061%	$91K	$521K	10x	as long as short
MEXC POL_USDT	+0.0008%	4h	0.1093	−0.054%	$25.2M	$3.3M	125x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0009%	4h	0.1093	−0.063%	$16.7M	$33.4M	75x	as long as short
dYdX POL-USD	+0.0014%	1h	0.1094	−0.010%	$24K	$9K	5x	as long as short
Bitget POLUSDT	+0.0018%	4h	0.1093	−0.045%	$4.0M	$3.6M	50x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.573%	$3K	$124K	12x	as long as short
BloFin POL-USDT	+0.0038%	4h	0.1092	−0.145%	$894K	$136K	75x	as long as short
ApeX Omni POLUSDT	+0.0077%	1h	0.1094	+0.019%	$155K	$663K	50x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1092	−0.118%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1094	−0.027%	$267K	$502K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.101%	$7.4M	$3.5M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	−0.080%	$367K	$168K	20x	as long as short
Bybit POLUSDTshort	+0.0100%	4h	0.1093	−0.036%	$15.7M	$9.0M	75x
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−0.008%	$2.8M	$746K	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	−0.063%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	−0.106%	$605K	$164K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1094	−0.021%	$3K	—	100x	as long as short