POL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0260%/8h= +28.5% APRnext payment +$1.30 per $10,000 · paid last 24h +0.020%

Price spread now: Bybit against Gate+0.064%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.064%, 7d avg +0.018%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.046% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1093	−0.0160	get 0.0080% / 4h	3h 07m	$1.8M	$1.4M	75x
Short	Bybit POLUSDT	0.1094	0.0100	get 0.0050% / 4h	3h 07m	$15.7M	$11.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.064%Rate

Funding earned: $54.6
Price spread: +0.064% → +0.018%: $4.65
Slippage, 4 orders: −$39.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.33
Costs to cover: 0.656%
Break-even: 7.8 days

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 1 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 Gate live order book, 5 min ago	5.49 bp	20.1 bp −$20	154.6 bp −$1,546	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.83 bp	12.6 bp −$13	35.2 bp −$352	doesn't fit	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	−0.0512%	1h	0.1091	−0.174%	$201K	$199K	50x	as long as short
Gate POL_USDTlong	−0.0160%	4h	0.1093	long leg	$1.8M	$1.4M	75x
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1094	+0.102%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	+0.021%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.125%	$12K	—	150x	as long as short
dYdX POL-USD	+0.0023%	1h	0.1094	+0.091%	$17K	$2K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.656%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1094	+0.055%	$11K	$598K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.095%	$278K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.238%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1095	+0.157%	$363K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1094	+0.110%	$16.8M	$40.7M	75x	as long as short
Bybit POLUSDTshort	+0.0100%	4h	0.1094	+0.064%	$15.7M	$11.6M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1095	+0.146%	$5.7M	$9.8M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1094	+0.110%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.073%	$2.9M	$963K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	+0.110%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1093	+0.046%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	+0.096%	$606K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	+0.220%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	+0.375%	$195K	$633K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1094	+0.091%	$96K	$275K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.065%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.137%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1093	+0.027%	$899K	$163K	75x	as long as short