Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%
Price spread now: Extended against Gate−0.038%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$760.762% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.121%−$12 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.038%, 7d avg +0.012%
Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.050% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate POL_USDT0.11160.0100pay 0.0050% / 4h3h 22m$1.9M$1.4M75x
ShortExtended POL-USD0.11150.0104get 0.0013% / 1h22m 34s$93K$447K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.038% → +0.012%
−$5.01
Slippage, 4 orders
−$56.25
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$80.42
Costs to cover
0.762%
Break-even
677.2 days
Slippage from Gate: live order book, 4 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago3.58 bp22.8 bp −$23184.5 bp −$1,845doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago1.79 bp15.5 bp −$15148.8 bp −$1,488doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_POLUSD−0.0063%1h0.1115−0.096%$1.2M$1.8M50xas long as short
Orderly PERP_POL_USDC−0.0042%4h0.1114−0.125%$11K$215K20xas long as short
Coinbase International POL-PERP-INTX−0.0032%1h0.1114−0.161%$203K$254K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1114−0.141%$3Kas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0006%1h0.1115−0.029%$22K150xas long as short
Injective POL/USDC PERP+0.0012%1h0.1113−0.251%$3K$73K12xas long as short
dYdX POL-USD+0.0014%1h0.1116+0.009%$17K$3K5xas long as short
OKX POL-USDT-SWAP+0.0088%4h0.1115−0.036%$5.8M$12.4M50xas long as short
Lighter POL+0.0096%1h0.1115−0.041%$322K$559K8xas long as short
Aster POLUSDT+0.0100%4h0.1115−0.099%$371K$383K20xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance POLUSDT+0.0100%4h0.1116−0.017%$17.1M$52.8M75xas long as short
Bybit POLUSDT+0.0100%4h0.1115−0.090%$16.1M$16.8M75xas long as short
Gate POL_USDTlong+0.0100%4h0.1116long leg$1.9M$1.4M75x
MEXC POL_USDT+0.0100%4h0.1115−0.045%$23.4M$4.0M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.11160.000%$2.8M$1.1M50xas long as short
Bitget POLUSDT+0.0100%4h0.1115−0.045%$4.1M$6.0M50xas long as short
BingX POL-USDT+0.0100%4h0.1115−0.027%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1118+0.154%$660K$273Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.11160.000%$1.1M$3.5M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1117+0.108%$197K$658K50xas long as short
Extended POL-USDshort+0.0104%1h0.1115−0.038%$93K$447K10x
Aevo POL-PERP+0.0104%1h0.1113−0.251%$41K3xas long as short
Hyperliquid POL+0.0140%1h0.1117+0.125%$7.6M$4.7M5xas long as short
GMX POL/USD [ETH-USDC]L +0.0211% / S −0.0606%1h0.1115−0.067%$3K100xas long as short
BloFin POL-USDT+0.0340%4h0.1114−0.134%$904K$179K75xas long as short