Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against MEXC−0.071%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.071%, 7d avg −0.040%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1126	0.0100	pay 0.0050% / 4h	1h 26m	$23.8M	$3.8M	125x
Short	Gate POL_USDT	0.1125	0.0100	get 0.0050% / 4h	1h 26m	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.040%: −$3.13
Slippage, 4 orders: −$30.37
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.49
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 1 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	0.89 bp	3.9 bp −$4	15.2 bp −$152	82.3 bp −$8,231	155.8 bp −$77.9K
Sell Gate live order book, 1 min ago	4.44 bp	19.3 bp −$19	180.1 bp −$1,801	doesn't fit	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.332%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1125	−0.089%	$206K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1127	+0.115%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0018%	4h	0.1126	−0.036%	$11K	$199K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1125	−0.046%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1127	+0.107%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1126	+0.036%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1126	+0.005%	$306K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1127	+0.078%	$375K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	−0.018%	$17.4M	$51.7M	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	0.1125	−0.098%	$16.2M	$15.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	−0.053%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1125	−0.071%	$1.9M	$1.3M	75x
MEXC POL_USDTlong	+0.0100%	4h	0.1126	long leg	$23.8M	$3.8M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1126	+0.036%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	−0.027%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1126	−0.027%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.106%	$665K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1129	+0.244%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1127	+0.089%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1126	−0.014%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1125	−0.089%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0194%	1h	0.1128	+0.178%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1126	+0.027%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	+0.044%	$911K	$170K	75x	as long as short