Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.035%

Price spread now: MEXC against GMX+0.135%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. MEXC is 0.135% dearer against GMX than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1093	L +0.0210% / S −0.0388%	pay 0.0026% / 1h	21m 45s	$3K	—	100x
Short	MEXC POL_USDT	0.1094	0.0100	get 0.0050% / 4h	3h 21m	$24.6M	$3.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GMX. 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 GMXbpFee MEXCbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$23.02
Price spread: +0.135% → 0.000%: $13.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 MEXC live order book, 2 min ago	0.46 bp	1.7 bp −$2	12.3 bp −$123	81.1 bp −$8,111	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 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	−0.0512%	1h	0.1090	−0.250%	$201K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1092	−0.039%	$1.2M	$1.2M	50x	as long as short
Gate POL_USDT	−0.0040%	4h	0.1092	−0.030%	$1.8M	$1.4M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.081%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1093	+0.003%	$12K	—	150x	as long as short
dYdX POL-USD	+0.0024%	1h	0.1094	+0.089%	$17K	$2K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.672%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1092	−0.039%	$11K	$512K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.089%	$278K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.235%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1094	+0.154%	$363K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1094	+0.125%	$16.9M	$41.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	+0.089%	$15.7M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1095	+0.162%	$5.7M	$9.9M	50x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1094	+0.135%	$24.6M	$3.6M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.070%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	+0.171%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1094	+0.125%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	+0.157%	$606K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	+0.189%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	+0.391%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1094	+0.097%	$91K	$327K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.189%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]long	L +0.0210% / S −0.0388%	1h	0.1093	long leg	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1094	+0.144%	$901K	$164K	75x	as long as short