data as of
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Price arb /

POL

all POL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.237%7d average+0.060%fees + slippage, in and out−$39spread needed0.391%
Long on MEXCShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC POL_USDT0.11390.0080pay 0.0040% / 4h2h 39m$22.9M$3.5M125x
ShortHyperliquid POL0.11410.0100get 0.0013% / 1h39m 35s$6.2M$4.1M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$23.71
Funding while held
$0.6
Slippage, 4 orders
−$30.06
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.75
Spread needed to break even
0.391%
Slippage from MEXC: live order book, 6 min ago; Hyperliquid: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0020%
Per $10,000 a day
+$0.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 6 min ago0.44 bp3.1 bp −$39.2 bp −$9259.5 bp −$5,951130.0 bp −$65.0K
Sell Hyperliquid live order book, 4 min ago3.53 bp12.3 bp −$12doesn't fitdoesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.1125cheapestVariational Omni0.1129+0.384%BloFin0.1129+0.400%ApeX Omni0.1130+0.444%Injective0.1131+0.533%Aevo0.1136+0.946%dYdX0.1136+0.955%Reya0.1137+1.105%Orderly0.1138+1.120%BingX0.1138+1.156%Bitget0.1138+1.173%Gate0.1139+1.200%
MEXC0.1139+1.209%
Kraken Futures0.1139+1.228%gTrade (Gains Network)0.1139+1.230%Binance0.1139+1.244%KuCoin0.1139+1.244%GMX0.1139+1.252%Extended0.1139+1.252%Bybit0.1139+1.253%Aster0.1139+1.286%OKX0.1139+1.289%Lighter0.1140+1.345%
Hyperliquid0.1141+1.449%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International POL-PERP-INTX−1.194%−0.0768%1h$263K$218K50xas long as short
Variational Omni POL−0.815%+0.0100%4h$709K$281K—as long as short
BloFin POL-USDT−0.799%+0.0324%4h$935K$173K75xas long as short
ApeX Omni POLUSDT−0.755%−0.0277%1h$200K$632K50xas long as short
Injective POL/USDC PERP−0.667%+0.0033%1h$3K$220K12xas long as short
Aevo POL-PERP−0.260%+0.0104%1h$42K—3xas long as short
dYdX POL-USD−0.251%0.0000%1h$17K$6K5xas long as short
Reya POLRUSDPERP−0.102%−0.0006%1h$3K——as long as short
Orderly PERP_POL_USDC−0.088%−0.0181%4h$12K$298K20xas long as short
BingX POL-USDT−0.053%+0.0100%4h—$7.1M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget POLUSDT−0.035%+0.0100%4h$4.2M$5.8M50xas long as short
Gate POL_USDT−0.009%−0.0048%4h$1.9M$1.3M75xas long as short
MEXC POL_USDTlong0.000%+0.0080%4h$22.9M$3.5M125x
Kraken Futures PF_POLUSD+0.019%−0.0041%1h$1.3M$1.7M50xas long as short
gTrade (Gains Network) POL/USD+0.021%L +0.0004% / S −0.0006%1h$22K—150xas long as short
Binance POLUSDT+0.035%+0.0082%4h$17.6M$51.8M75xas long as short
KuCoin POLUSDTM+0.035%+0.0100%4h$3.3M$1.0M50xas long as short
GMX POL/USD [ETH-USDC]+0.042%L +0.0212% / S −0.0620%1h$3K—100xas long as short
Extended POL-USD+0.042%+0.0080%1h$124K$411K10xas long as short
Bybit POLUSDT+0.044%+0.0100%4h$16.3M$16.1M75xas long as short
Aster POLUSDT+0.076%+0.0100%4h$407K$528K20xas long as short
OKX POL-USDT-SWAP+0.079%+0.0100%4h$5.9M$12.0M50xas long as short
Lighter POL+0.134%+0.0096%1h$340K$334K8xas long as short
Hyperliquid POLshort+0.237%+0.0100%1h$6.2M$4.1M5x