Spread before costs (cost unknown: a leg has no order-book sample)+0.083%
7d average—if it closes, per $10,000$8funding while held, a day+$17.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POL-USDT-SWAP | 0.1107 | 0.0036 | pay 0.0018% / 4h | 1h 26m | $5.7M | $12.5M | 50x |
| Short | GMX POL/USD [ETH-USDC] | 0.1108 | L +0.0211% / S −0.0606% | get 0.0076% / 1h | 26m 15s | $3K | — | 100x |
OKX POL-USDT-SWAP
GMX POL/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $8.31
- Funding while held
- $17.12
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $3.43
- Spread needed to break even
- 0.220%
Slippage unknown: OKX: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0571%
- Per $10,000 a day
- +$17.12
- Average in range /8h
- —
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 OKX live order book, 3 min ago | 1.36 bp | 14.2 bp −$14 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.1106cheapestCoinbase International0.1106+0.005%Aevo0.1106+0.019%Bybit0.1107+0.077%Reya0.1107+0.084%Gate0.1107+0.086%MEXC0.1107+0.095%BingX0.1107+0.095%Extended0.1107+0.104%
Variational Omni
Coinbase International
Aevo
Bybit
Reya
Gate
MEXC
BingX
ExtendedOKX0.1107+0.104%
Binance0.1107+0.113%KuCoin0.1107+0.113%Orderly0.1107+0.131%Lighter0.1108+0.167%dYdX0.1108+0.185%ApeX Omni0.1108+0.185%
Binance
KuCoin
Orderly
Lighter
dYdX
ApeX OmniGMX0.1108+0.187%
Bitget0.1108+0.194%BloFin0.1108+0.194%gTrade (Gains Network)0.1108+0.200%Aster0.1108+0.203%Kraken Futures0.1108+0.214%Hyperliquid0.1109+0.288%Injective0.1131+2.265%
Bitget
BloFin
gTrade (Gains Network)
Aster
Kraken Futures
Hyperliquid
InjectivePOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni POL | −0.104% | +0.0100% | 4h | $653K | $311K | — | as long as short |
| Coinbase International POL-PERP-INTX | −0.099% | −0.0016% | 1h | $201K | $266K | 50x | as long as short |
| Aevo POL-PERP | −0.085% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| Bybit POLUSDT | −0.027% | +0.0100% | 4h | $16.0M | $16.8M | 75x | as long as short |
| Reya POLRUSDPERP | −0.020% | −0.0006% | 1h | $3K | — | — | as long as short |
| Gate POL_USDT | −0.018% | +0.0100% | 4h | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | −0.009% | +0.0100% | 4h | $23.1M | $4.1M | 125x | as long as short |
| BingX POL-USDC | −0.009% | +0.0100% | 4h | — | $1.6M | — | as long as short |
| Extended POL-USD | 0.000% | +0.0104% | 1h | $92K | $448K | 10x | as long as short |
| OKX POL-USDT-SWAPlong | 0.000% | +0.0036% | 4h | $5.7M | $12.5M | 50x |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance POLUSDT | +0.009% | +0.0100% | 4h | $16.9M | $53.1M | 75x | as long as short |
| KuCoin POLUSDTM | +0.009% | +0.0100% | 4h | $2.8M | $1.1M | 50x | as long as short |
| Orderly PERP_POL_USDC | +0.027% | −0.0077% | 4h | $11K | $226K | 20x | as long as short |
| Lighter POL | +0.063% | +0.0096% | 1h | $330K | $546K | 8x | as long as short |
| dYdX POL-USD | +0.081% | 0.0000% | 1h | $17K | $3K | 5x | as long as short |
| ApeX Omni POLUSDT | +0.081% | +0.0100% | 1h | $196K | $643K | 50x | as long as short |
| GMX POL/USD [ETH-USDC]short | +0.083% | L +0.0211% / S −0.0606% | 1h | $3K | — | 100x | |
| Bitget POLUSDT | +0.090% | +0.0100% | 4h | $4.1M | $6.0M | 50x | as long as short |
| BloFin POL-USDT | +0.090% | +0.0340% | 4h | $914K | $170K | 75x | as long as short |
| gTrade (Gains Network) POL/USD | +0.096% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
| Aster POLUSDT | +0.099% | +0.0069% | 4h | $368K | $388K | 20x | as long as short |
| Kraken Futures PF_POLUSD | +0.110% | −0.0250% | 1h | $1.2M | $1.8M | 50x | as long as short |
| Hyperliquid POL | +0.183% | +0.0292% | 1h | $7.5M | $4.7M | 5x | as long as short |
| Injective POL/USDC PERP | +2.159% | +0.0033% | 1h | $3K | $74K | 12x | as long as short |