Spread before costs (cost unknown: a leg has no order-book sample)−0.004%
7d average—if it closes, per $10,000$0funding while held, a day+$14.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate POL_USDT | 0.1116 | 0.0100 | pay 0.0050% / 4h | 2h 34m | $1.8M | $1.4M | 75x |
| Short | GMX POL/USD [ETH-USDC] | 0.1116 | L +0.0215% / S −0.0586% | get 0.0073% / 1h | 34m 16s | $3K | — | 100x |
Gate POL_USDT
GMX POL/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.36
- Funding while held
- $14.58
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$12.78
- Spread needed to break even
- 0.270%
Slippage unknown: Gate: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0486%
- Per $10,000 a day
- +$14.58
- Average in range /8h
- —
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 | 2.69 bp | 23.4 bp −$23 | 207.4 bp −$2,074 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Aevo0.1113cheapestOKX0.1114+0.108%Bybit0.1114+0.117%Bitget0.1114+0.126%Extended0.1114+0.131%Binance0.1115+0.144%Orderly0.1115+0.144%BingX0.1115+0.153%Variational Omni0.1115+0.183%Reya0.1115+0.215%MEXC0.1115+0.216%
Aevo
OKX
Bybit
Bitget
Extended
Binance
Orderly
BingX
Variational Omni
Reya
MEXCGMX0.1116+0.230%
gTrade (Gains Network)0.1116+0.233%
gTrade (Gains Network)Gate0.1116+0.234%
Kraken Futures0.1116+0.235%Coinbase International0.1116+0.270%Aster0.1116+0.275%KuCoin0.1116+0.305%Lighter0.1117+0.322%ApeX Omni0.1117+0.359%BloFin0.1117+0.377%Hyperliquid0.1118+0.413%dYdX0.1118+0.455%Injective0.1131+1.617%
Kraken Futures
Coinbase International
Aster
KuCoin
Lighter
ApeX Omni
BloFin
Hyperliquid
dYdX
InjectivePOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo POL-PERP | −0.233% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| OKX POL-USDT-SWAP | −0.125% | −0.0014% | 4h | $5.8M | $12.3M | 50x | as long as short |
| Bybit POLUSDT | −0.117% | +0.0100% | 4h | $16.1M | $16.8M | 75x | as long as short |
| Bitget POLUSDT | −0.108% | +0.0100% | 4h | $4.2M | $6.1M | 50x | as long as short |
| Extended POL-USD | −0.103% | +0.0104% | 1h | $93K | $450K | 10x | as long as short |
| Binance POLUSDT | −0.090% | +0.0100% | 4h | $17.2M | $53.3M | 75x | as long as short |
| Orderly PERP_POL_USDC | −0.090% | −0.0092% | 4h | $11K | $241K | 20x | as long as short |
| BingX POL-USDC | −0.081% | +0.0100% | 4h | — | $1.6M | — | as long as short |
| Variational Omni POL | −0.051% | +0.0100% | 4h | $659K | $324K | — | as long as short |
| Reya POLRUSDPERP | −0.019% | −0.0006% | 1h | $3K | — | — | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC POL_USDT | −0.018% | +0.0100% | 4h | $23.0M | $4.1M | 125x | as long as short |
| GMX POL/USD [ETH-USDC]short | −0.004% | L +0.0215% / S −0.0586% | 1h | $3K | — | 100x | |
| gTrade (Gains Network) POL/USD | −0.001% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
| Gate POL_USDTlong | 0.000% | +0.0100% | 4h | $1.8M | $1.4M | 75x | |
| Kraken Futures PF_POLUSD | +0.002% | −0.0122% | 1h | $1.2M | $1.7M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | +0.036% | −0.0144% | 1h | $221K | $248K | 50x | as long as short |
| Aster POLUSDT | +0.041% | +0.0064% | 4h | $370K | $394K | 20x | as long as short |
| KuCoin POLUSDTM | +0.072% | +0.0100% | 4h | $2.8M | $1.1M | 50x | as long as short |
| Lighter POL | +0.088% | +0.0096% | 1h | $330K | $535K | 8x | as long as short |
| ApeX Omni POLUSDT | +0.125% | +0.0072% | 1h | $198K | $647K | 50x | as long as short |
| BloFin POL-USDT | +0.143% | +0.0340% | 4h | $935K | $170K | 75x | as long as short |
| Hyperliquid POL | +0.179% | +0.0172% | 1h | $7.5M | $4.7M | 5x | as long as short |
| dYdX POL-USD | +0.221% | +0.0148% | 1h | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +1.380% | +0.0033% | 1h | $3K | $137K | 12x | as long as short |