Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: OKX against Gate+0.073%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.073%, 7d avg +0.035%

Together, before fees−0.101%−$10 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: OKX is 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1092	0.0100	pay 0.0050% / 4h	41m 32s	$1.8M	$1.3M	75x
Short	OKX POL-USDT-SWAP	0.1093	0.0100	get 0.0050% / 4h	41m 32s	$5.6M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.035%: $3.8
Slippage, 4 orders: −$48.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.45
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago	4.12 bp	21.1 bp −$21	152.6 bp −$1,526	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.92 bp	17.6 bp −$18	54.8 bp −$548	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	−0.0520%	1h	0.1091	−0.082%	$201K	$195K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	+0.047%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1093	+0.133%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.749%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1093	+0.082%	$11K	$263K	20x	as long as short
ApeX Omni POLUSDT	+0.0086%	1h	0.1093	+0.101%	$194K	$633K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1093	+0.101%	$278K	$554K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	+0.081%	$363K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	+0.092%	$16.9M	$42.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	+0.046%	$15.7M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAPshort	+0.0100%	4h	0.1093	+0.073%	$5.6M	$10.0M	50x
Gate POL_USDTlong	+0.0100%	4h	0.1092	long leg	$1.8M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1093	+0.082%	$24.3M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.092%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.101%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	+0.064%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1092	−0.018%	$604K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	+0.080%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	+0.075%	$94K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.082%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0181%	1h	0.1095	+0.247%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.122%	$3K	—	100x	as long as short
dYdX POL-USD	+0.0287%	1h	0.1093	+0.082%	$17K	$2K	5x	as long as short
Kraken Futures PF_POLUSD	+0.0316%	1h	0.1093	+0.101%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	+0.046%	$907K	$166K	75x	as long as short