Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni−0.132%7-day average +0.039% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.132%, 7d avg +0.039%

Together, before fees+0.096%+ Points / potential airdropVariational Omni: Active · farm board+$10 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: BingX is 0.171% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1102	0.0100	pay 0.0050% / 4h	3h 56m	$610K	$206K	—
Short	BingX POL-USDT	0.1100	0.0100	get 0.0050% / 4h	3h 56m	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → +0.039%: −$17.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.09
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; BingX: live order book, 6 min ago. 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 Variational Omni RFQ quote, 63 min ago	9.11 bp	doesn't fit	45.5 bp −$455	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	1.82 bp	14.0 bp −$14	28.7 bp −$287	84.6 bp −$8,455	447.4 bp −$223.7K

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
Coinbase International POL-PERP-INTX	−0.0512%	1h	0.1098	−0.341%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1101	−0.104%	$1.2M	$1.2M	50x	as long as short
Gate POL_USDT	−0.0070%	4h	0.1099	−0.241%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.162%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	−0.087%	$17K	$2K	5x	as long as short
GRVT POL_USDT_Perp	+0.0002%	4h	0.1100	−0.141%	$1.1M	$2.8M	10x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	−0.039%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.839%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1100	−0.178%	$11K	$244K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.087%	$280K	$540K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1102	+0.004%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1100	−0.151%	$365K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	−0.069%	$17.1M	$41.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.196%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1100	−0.169%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1100	−0.141%	$24.7M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	−0.078%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	−0.105%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDTshort	+0.0100%	4h	0.1100	−0.132%	—	$7.2M	—
Variational Omni POLlong	+0.0100%	4h	0.1102	long leg	$610K	$206K	—
ApeX Omni POLUSDT	+0.0100%	1h	0.1101	−0.069%	$195K	$638K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	−0.170%	$92K	$455K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1099	−0.282%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	−0.066%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1100	−0.196%	$910K	$169K	75x	as long as short