Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$4.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX POL/USD [ETH-USDC] | 0.1132 | L +0.0215% / S −0.0699% | pay 0.0027% / 1h | 56m 48s | $3K | — | 100x |
| Short | Bybit POLUSDT | 0.1131 | 0.0080 | get 0.0040% / 4h | 56m 48s | $16.2M | $16.8M | 75x |
GMX POL/USD [ETH-USDC]
Bybit POLUSDTPrice 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
- −$1.41
- Funding while held
- −$4.05
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.46
- Spread needed to break even
- 0.230%
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0135%
- Per $10,000 a day
- −$4.05
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.44 bp | 19.4 bp −$19 | 42.5 bp −$425 | doesn't fit | doesn't fit |
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.ApeX Omni0.1128cheapestReya0.1130+0.164%Aevo0.1130+0.177%Coinbase International0.1130+0.177%Variational Omni0.1130+0.184%Gate0.1131+0.257%Orderly0.1131+0.257%Injective0.1131+0.266%BingX0.1131+0.293%
ApeX Omni
Reya
Aevo
Coinbase International
Variational Omni
Gate
Orderly
Injective
BingXBybit0.1131+0.301%
Extended0.1131+0.308%
ExtendedGMX0.1132+0.316%
MEXC0.1132+0.319%Binance0.1132+0.321%gTrade (Gains Network)0.1132+0.324%OKX0.1132+0.328%KuCoin0.1132+0.363%Aster0.1132+0.372%Bitget0.1132+0.372%Lighter0.1132+0.384%Kraken Futures0.1132+0.397%BloFin0.1133+0.426%dYdX0.1133+0.427%Hyperliquid0.1134+0.523%
MEXC
Binance
gTrade (Gains Network)
OKX
KuCoin
Aster
Bitget
Lighter
Kraken Futures
BloFin
dYdX
HyperliquidPOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni POLUSDT | −0.315% | −0.0054% | 1h | $200K | $643K | 50x | as long as short |
| Reya POLRUSDPERP | −0.151% | −0.0006% | 1h | $3K | — | — | as long as short |
| Aevo POL-PERP | −0.138% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| Coinbase International POL-PERP-INTX | −0.138% | −0.0504% | 1h | $251K | $246K | 50x | as long as short |
| Variational Omni POL | −0.131% | +0.0100% | 4h | $708K | $283K | — | as long as short |
| Gate POL_USDT | −0.058% | −0.0006% | 4h | $1.9M | $1.5M | 75x | as long as short |
| Orderly PERP_POL_USDC | −0.058% | −0.0139% | 4h | $12K | $294K | 20x | as long as short |
| Injective POL/USDC PERP | −0.049% | +0.0033% | 1h | $3K | $176K | 12x | as long as short |
| BingX POL-USDC | −0.023% | +0.0100% | 4h | — | $1.6M | — | as long as short |
| Bybit POLUSDTshort | −0.014% | +0.0080% | 4h | $16.2M | $16.8M | 75x |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended POL-USD | −0.008% | +0.0104% | 1h | $94K | $450K | 10x | as long as short |
| GMX POL/USD [ETH-USDC]long | 0.000% | L +0.0215% / S −0.0699% | 1h | $3K | — | 100x | |
| MEXC POL_USDT | +0.004% | +0.0100% | 4h | $23.0M | $3.8M | 125x | as long as short |
| Binance POLUSDT | +0.006% | +0.0100% | 4h | $17.4M | $54.2M | 75x | as long as short |
| gTrade (Gains Network) POL/USD | +0.009% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
| OKX POL-USDT-SWAP | +0.012% | +0.0033% | 4h | $5.8M | $12.6M | 50x | as long as short |
| KuCoin POLUSDTM | +0.048% | +0.0100% | 4h | $3.3M | $1.1M | 50x | as long as short |
| Aster POLUSDT | +0.057% | +0.0100% | 4h | $395K | $532K | 20x | as long as short |
| Bitget POLUSDT | +0.057% | +0.0100% | 4h | $4.3M | $6.0M | 50x | as long as short |
| Lighter POL | +0.068% | +0.0096% | 1h | $331K | $533K | 8x | as long as short |
| Kraken Futures PF_POLUSD | +0.081% | +0.0010% | 1h | $1.3M | $1.7M | 50x | as long as short |
| BloFin POL-USDT | +0.110% | +0.0340% | 4h | $935K | $185K | 75x | as long as short |
| dYdX POL-USD | +0.111% | +0.3345% | 1h | $17K | $3K | 5x | as long as short |
| Hyperliquid POL | +0.207% | +0.0100% | 1h | $6.6M | $4.5M | 5x | as long as short |