Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against Gate−0.054%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.054%, 7d avg +0.040%

Together, before fees−0.003%$0 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: MEXC is 0.094% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1119	0.0100	pay 0.0050% / 4h	2h 10m	$1.9M	$1.4M	75x
Short	MEXC POL_USDT	0.1119	0.0100	get 0.0050% / 4h	2h 10m	$23.6M	$4.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → +0.040%: −$9.38
Slippage, 4 orders: −$29.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$53.43
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 8 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, 2 min ago	3.58 bp	19.1 bp −$19	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	0.45 bp	2.4 bp −$2	9.8 bp −$98	64.9 bp −$6,494	159.4 bp −$79.7K

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	−0.0080%	1h	0.1111	−0.759%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1119	−0.007%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0028%	4h	0.1119	−0.071%	$11K	$206K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.089%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1120	+0.024%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.759%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0038%	1h	0.1119	−0.047%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1119	−0.027%	$310K	$562K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1121	+0.161%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.044%	$372K	$359K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1119	−0.039%	$17.1M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1119	−0.080%	$16.1M	$16.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.063%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDTlong	+0.0100%	4h	0.1119	long leg	$1.9M	$1.4M	75x
MEXC POL_USDTshort	+0.0100%	4h	0.1119	−0.054%	$23.6M	$4.0M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.009%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	−0.054%	$4.2M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1119	−0.071%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	−0.150%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.019%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1121	+0.134%	$198K	$663K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	−0.045%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.179%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1120	+0.013%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	−0.143%	$906K	$168K	75x	as long as short