Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.079%

Price spread now: Orderly against Aevo+0.110%7-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 Orderly

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—needs both histories

The price spread pays, funding is against you. Orderly is 0.110% dearer against Aevo than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo POL-PERP	0.1117	0.0104	pay 0.0013% / 1h	31m 21s	$41K	—	3x
Short	Orderly PERP_POL_USDC	0.1119	0.0008	get 0.0004% / 4h	31m 21s	$11K	$189K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.110%Rate

Funding earned: −$20.21
Price spread: +0.110% → 0.000%: $11.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Aevo and Orderly: 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 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	−0.0128%	1h	0.1117	−0.033%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1120	+0.217%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	+0.109%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1119	+0.152%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1119	+0.167%	$24K	—	150x	as long as short
Orderly PERP_POL_USDCshort	+0.0008%	4h	0.1119	+0.110%	$11K	$189K	20x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.570%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	+0.158%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1119	+0.172%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	+0.128%	$17.2M	$50.3M	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	0.1118	+0.056%	$16.1M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	+0.110%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	+0.110%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1119	+0.119%	$24.3M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1118	+0.092%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	+0.173%	$4.1M	$5.5M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1119	+0.101%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.040%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1118	+0.071%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.235%	$198K	$656K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	+0.109%	$93K	$427K	10x	as long as short
Aevo POL-PERPlong	+0.0104%	1h	0.1117	long leg	$41K	—	3x
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1119	+0.179%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0296%	1h	0.1121	+0.311%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	+0.110%	$911K	$169K	75x	as long as short