Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.034%

Price spread now: MEXC against Injective−1.827%70s7-day average +0.123% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+1.298%+$130 on $10k

Price spread, last 4 days (all we have)+5.050%+$505 · spread now −1.827%, 7d avg +0.123%

Together, before fees+6.348%+$635 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 1.950% cheaper against Injective than usual: you would sell low and buy high (−$195 if the spread goes back to its 7-day average of +0.123%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.298%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	56m 07s	$3K	$124K	12x
Short	MEXC POL_USDT	0.1091	0.0014	get 0.0007% / 4h	1h 56m	$25.1M	$3.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee MEXCbpOrdersPrice spread, now −1.827%Rate

Funding earned: −$4.06
Price spread: −1.827% → +0.123%: −$195.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$199.1
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 55 min ago; MEXC: live order book, 1 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 Injective live order book, 55 min ago	123.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.38 bp	4.0 bp −$4	9.9 bp −$99	75.4 bp −$7,537	doesn't fit

POL on 25 exchanges

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	−0.0624%	1h	0.1090	−1.890%	$198K	$164K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0345%	1h	0.1092	−1.722%	$1.2M	$923K	50x	as long as short
Orderly PERP_POL_USDC	−0.0183%	4h	0.1091	−1.827%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0140%	4h	0.1091	−1.809%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0066%	4h	0.1092	−1.693%	$1.0M	$2.8M	10x	as long as short
OKX POL-USDT-SWAP	−0.0032%	4h	0.1091	−1.818%	$5.7M	$8.3M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1090	−1.860%	$2K	—	—	as long as short
Bitget POLUSDT	−0.0002%	4h	0.1091	−1.791%	$4.0M	$3.2M	50x	as long as short
dYdX POL-USD	0.0000%	1h	0.1093	−1.643%	$24K	$9K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1093	−1.663%	$9K	—	150x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDTshort	+0.0014%	4h	0.1091	−1.827%	$25.1M	$3.1M	125x
Binance POLUSDT	+0.0014%	4h	0.1091	−1.836%	$16.6M	$32.1M	75x	as long as short
Extended POL-USD	+0.0016%	1h	0.1090	−1.853%	$92K	$526K	10x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
ApeX Omni POLUSDT	+0.0052%	1h	0.1092	−1.710%	$154K	$666K	50x	as long as short
BloFin POL-USDT	+0.0059%	4h	0.1091	−1.773%	$895K	$136K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1090	−1.889%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1091	−1.798%	$267K	$478K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1092	−1.665%	$7.4M	$3.5M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	−1.710%	$367K	$168K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1090	−1.845%	$15.7M	$8.6M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1092	−1.674%	$2.9M	$747K	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1091	−1.791%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1091	−1.783%	$603K	$163K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1092	−1.744%	$3K	—	100x	as long as short