Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.024%

Price spread now: gTrade (Gains Network) against MEXC+0.032%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and gTrade (Gains Network) is 0.032% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1085	−0.0008	get 0.0004% / 4h	1h 47m	$25.0M	$3.2M	125x
Short	gTrade (Gains Network) POL/USD	0.1086	L +0.0003% / S −0.0003%	get 0.0000% / 1h	47m 51s	$8K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.032%Rate

Funding earned: $2.26
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$4.51
Costs to cover: 0.100%
Break-even: 21.0 days

Slippage unknown: MEXC: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 MEXC live order book, 4 min ago	0.46 bp	1.7 bp −$2	12.7 bp −$127	78.2 bp −$7,821	194.2 bp −$97.1K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	0.1083	−0.212%	$197K	$162K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0347%	1h	0.1086	+0.073%	$1.2M	$928K	50x	as long as short
Orderly PERP_POL_USDC	−0.0187%	4h	0.1085	−0.046%	$10K	$2.6M	20x	as long as short
ApeX Omni POLUSDT	−0.0174%	1h	0.1089	+0.341%	$154K	$665K	50x	as long as short
Gate POL_USDT	−0.0162%	4h	0.1085	−0.074%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0078%	4h	0.1089	+0.330%	$1.0M	$2.7M	10x	as long as short
OKX POL-USDT-SWAP	−0.0036%	4h	0.1085	+0.018%	$5.6M	$8.3M	50x	as long as short
Bitget POLUSDT	−0.0020%	4h	0.1085	−0.018%	$4.0M	$3.2M	50x	as long as short
Extended POL-USD	−0.0008%	1h	0.1085	−0.053%	$91K	$526K	10x	as long as short
MEXC POL_USDTlong	−0.0008%	4h	0.1085	long leg	$25.0M	$3.2M	125x

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya POLRUSDPERP	−0.0006%	1h	0.1085	−0.029%	$2K	—	—	as long as short
Binance POLUSDT	−0.0005%	4h	0.1086	+0.037%	$16.6M	$31.8M	75x	as long as short
dYdX POL-USD	0.0000%	1h	0.1086	+0.041%	$24K	$9K	5x	as long as short
gTrade (Gains Network) POL/USDshort	L +0.0003% / S −0.0003%	1h	0.1086	+0.032%	$8K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.368%	$3K	$124K	12x	as long as short
BloFin POL-USDT	+0.0079%	4h	0.1085	−0.055%	$894K	$134K	75x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1084	−0.162%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1086	+0.028%	$265K	$483K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1087	+0.175%	$7.3M	$3.4M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1086	+0.077%	$365K	$166K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1085	−0.037%	$15.4M	$8.8M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1086	+0.055%	$3.1M	$792K	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1085	0.000%	—	$7.0M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1084	−0.085%	$601K	$163K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1086	+0.053%	$3K	—	100x	as long as short