Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$4funding while held, a day−$8.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX POL/USD [ETH-USDC] | 0.1135 | L +0.0215% / S −0.0699% | pay 0.0027% / 1h | 59m 23s | $3K | — | 100x |
| Short | OKX POL-USDT-SWAP | 0.1134 | −0.0056 | pay 0.0028% / 4h | 3h 59m | $5.8M | $13.0M | 50x |
GMX POL/USD [ETH-USDC]
OKX POL-USDT-SWAPPrice 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
- −$3.53
- Funding while held
- −$8.14
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.67
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; OKX: live order book, just now. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0271%
- Per $10,000 a day
- −$8.14
- 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 OKX live order book, just now | 0.44 bp | 16.9 bp −$17 | 65.5 bp −$655 | 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.Injective0.1131cheapestApeX Omni0.1132+0.088%Aevo0.1132+0.088%Gate0.1133+0.168%Variational Omni0.1133+0.186%MEXC0.1133+0.212%Reya0.1133+0.216%BingX0.1134+0.239%Aster0.1134+0.250%Binance0.1134+0.256%Bybit0.1134+0.256%KuCoin0.1134+0.256%BloFin0.1134+0.274%Extended0.1134+0.276%
Injective
ApeX Omni
Aevo
Gate
Variational Omni
MEXC
Reya
BingX
Aster
Binance
Bybit
KuCoin
BloFin
ExtendedOKX0.1134+0.292%
Orderly0.1134+0.292%Bitget0.1134+0.301%gTrade (Gains Network)0.1135+0.313%dYdX0.1135+0.318%Lighter0.1135+0.325%
Orderly
Bitget
gTrade (Gains Network)
dYdX
LighterGMX0.1135+0.327%
Kraken Futures0.1135+0.338%Coinbase International0.1135+0.354%Hyperliquid0.1137+0.504%
Kraken Futures
Coinbase International
HyperliquidPOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.326% | +0.0033% | 1h | $3K | $176K | 12x | as long as short |
| ApeX Omni POLUSDT | −0.238% | −0.0038% | 1h | $200K | $648K | 50x | as long as short |
| Aevo POL-PERP | −0.238% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| Gate POL_USDT | −0.159% | −0.0074% | 4h | $1.9M | $1.5M | 75x | as long as short |
| Variational Omni POL | −0.141% | +0.0100% | 4h | $676K | $319K | — | as long as short |
| MEXC POL_USDT | −0.115% | +0.0096% | 4h | $23.5M | $4.2M | 125x | as long as short |
| Reya POLRUSDPERP | −0.111% | −0.0006% | 1h | $3K | — | — | as long as short |
| BingX POL-USDT | −0.088% | +0.0100% | 4h | — | $7.3M | — | as long as short |
| Aster POLUSDT | −0.077% | +0.0100% | 4h | $381K | $557K | 20x | as long as short |
| Binance POLUSDT | −0.071% | +0.0099% | 4h | $17.5M | $56.1M | 75x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | −0.071% | +0.0100% | 4h | $16.3M | $17.2M | 75x | as long as short |
| KuCoin POLUSDTM | −0.071% | +0.0100% | 4h | $3.3M | $1.1M | 50x | as long as short |
| BloFin POL-USDT | −0.053% | +0.0338% | 4h | $943K | $190K | 75x | as long as short |
| Extended POL-USD | −0.051% | +0.0096% | 1h | $95K | $450K | 10x | as long as short |
| OKX POL-USDT-SWAPshort | −0.035% | −0.0056% | 4h | $5.8M | $13.0M | 50x | |
| Orderly PERP_POL_USDC | −0.035% | −0.0127% | 4h | $11K | $272K | 20x | as long as short |
| Bitget POLUSDT | −0.026% | +0.0100% | 4h | $4.3M | $6.2M | 50x | as long as short |
| gTrade (Gains Network) POL/USD | −0.014% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
| dYdX POL-USD | −0.009% | +0.0945% | 1h | $17K | $3K | 5x | as long as short |
| Lighter POL | −0.002% | +0.0096% | 1h | $333K | $536K | 8x | as long as short |
| GMX POL/USD [ETH-USDC]long | 0.000% | L +0.0215% / S −0.0699% | 1h | $3K | — | 100x | |
| Kraken Futures PF_POLUSD | +0.011% | +0.0010% | 1h | $1.3M | $1.8M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | +0.026% | −0.0504% | 1h | $237K | $268K | 50x | as long as short |
| Hyperliquid POL | +0.176% | +0.1467% | 1h | $7.4M | $5.0M | 5x | as long as short |