POL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.059%

Price spread now: BloFin against MEXC−0.187%7-day average −0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now −0.187%, 7d avg −0.020%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.167% cheaper against MEXC than usual: you would sell low and buy high (spread −0.187% now, against its 7-day average of −0.020%). If the spread goes back, that is −$17 on $10k: about 2.3 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.249% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1123	0.0100	pay 0.0050% / 4h	3h 26m	$24.3M	$3.7M	125x
Short	BloFin POL-USDT	0.1121	0.0340	get 0.0170% / 4h	3h 26m	$910K	$159K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.187%Rate

Funding earned: $50.4
Price spread: −0.187% → −0.020%: −$16.69
Slippage, 4 orders: −$20.41
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $1.3
Costs to cover: 0.324%
Break-even: 6.8 days

Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 45 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 MEXC live order book, 2 min ago	0.45 bp	5.2 bp −$5	18.0 bp −$180	76.1 bp −$7,608	137.7 bp −$68.8K
Sell BloFin live order book, 45 min ago	0.89 bp	7.4 bp −$7	16.1 bp −$161	54.0 bp −$5,403	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
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1122	−0.121%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.650%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.202%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	−0.121%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0019%	4h	0.1121	−0.205%	$11K	$167K	20x	as long as short
dYdX POL-USD	+0.0025%	1h	0.1123	−0.043%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.095%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1123	−0.022%	$294K	$583K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1122	−0.116%	$373K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1123	0.000%	$17.3M	$44.5M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1123	−0.009%	$16.2M	$13.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	−0.009%	$5.8M	$10.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	−0.062%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1123	long leg	$24.3M	$3.7M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1122	−0.142%	$3.0M	$982K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	+0.009%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1123	0.000%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.394%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.338%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.294%	$198K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	−0.025%	$93K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.294%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0124%	1h	0.1124	+0.080%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	−0.132%	$3K	—	100x	as long as short
BloFin POL-USDTshort	+0.0340%	4h	0.1121	−0.187%	$910K	$159K	75x