Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h +0.019%

Price spread now: OKX against gTrade (Gains Network)−0.092%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 OKX

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.092% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) POL/USD	0.1091	L +0.0003% / S −0.0001%	pay 0.0000% / 1h	35m 11s	$12K	—	150x
Short	OKX POL-USDT-SWAP	0.1090	−0.0042	pay 0.0021% / 4h	35m 11s	$5.7M	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$9.53
Price spread: −0.092% → 0.000%: −$9.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: 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 OKX live order book, 3 min ago	0.92 bp	9.7 bp −$10	37.2 bp −$372	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	−0.0544%	1h	0.1088	−0.238%	$201K	$177K	50x	as long as short
Gate POL_USDT	−0.0286%	4h	0.1089	−0.165%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0234%	1h	0.1090	−0.080%	$1.1M	$996K	50x	as long as short
OKX POL-USDT-SWAPshort	−0.0042%	4h	0.1090	−0.092%	$5.7M	$9.3M	50x
Orderly PERP_POL_USDC	−0.0019%	4h	0.1089	−0.128%	$11K	$1.8M	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1089	−0.155%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1091	−0.002%	$18K	$3K	5x	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0003% / S −0.0001%	1h	0.1091	long leg	$12K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.871%	$3K	$124K	12x	as long as short
GRVT POL_USDT_Perp	+0.0090%	4h	0.1093	+0.257%	$1.1M	$2.8M	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1090	−0.097%	$275K	$543K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1092	+0.093%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1091	+0.047%	$362K	$167K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1089	−0.110%	$16.6M	$36.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1089	−0.110%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1090	−0.073%	$24.9M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1090	−0.009%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1090	−0.064%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1090	−0.073%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1090	−0.075%	$603K	$166K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1092	+0.128%	$194K	$643K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1089	−0.157%	$91K	$522K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.009%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1090	−0.017%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1090	−0.009%	$895K	$146K	75x	as long as short