Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%

Price spread now: GRVT against Aevo+0.174%71s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.174% dearer against Aevo than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo POL-PERP	0.1101	0.0104	pay 0.0013% / 1h	8m 15s	$40K	—	3x
Short	GRVT POL_USDT_Perp	0.1103	0.0100	get 0.0050% / 4h	2h 08m	$1.1M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now +0.174%Rate

Funding earned: −$0.84
Price spread: +0.174% → 0.000%: $17.42
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$8.42
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell GRVT live order book, 5 min ago	0.45 bp	12.8 bp −$13	23.7 bp −$237	doesn't fit	doesn't fit

Aevo: 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 24 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	−0.0312%	1h	0.1099	−0.160%	$202K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	+0.059%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1100	−0.035%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	+0.147%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.930%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0046%	4h	0.1102	+0.104%	$11K	$316K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	+0.149%	$285K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	+0.111%	$366K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1102	+0.113%	$17.1M	$43.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1102	+0.076%	$15.9M	$12.1M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	+0.067%	$5.7M	$10.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	+0.013%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	+0.131%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	+0.067%	$2.9M	$991K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	+0.122%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1102	+0.094%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	+0.082%	$610K	$224K	—	as long as short
GRVT POL_USDT_Perpshort	+0.0100%	4h	0.1103	+0.174%	$1.1M	$2.8M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1102	+0.113%	$195K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1102	+0.107%	$95K	$443K	10x	as long as short
Aevo POL-PERPlong	+0.0104%	1h	0.1101	long leg	$40K	—	3x
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1103	+0.175%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.154%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0240%	1h	0.1104	+0.285%	$7.4M	$3.7M	5x	as long as short