Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h −0.158%

Price spread now: Coinbase International against Aster−0.402%7-day average −0.427% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$950.948% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.453%−$45 on $10k

Price spread, last 4 days (all we have)−2.165%−$217 · spread now −0.402%, 7d avg −0.427%

Together, before fees−2.618%+ Points / potential airdropAster: Stage 5 · farm board−$262 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.025% dearer against Aster than usual: you sell high and buy low (spread −0.402% now, against its 7-day average of −0.427%): +$2 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 5 days (−0.453% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1100	0.0100	pay 0.0050% / 4h	55m 07s	$366K	$268K	20x
Short	Coinbase International POL-PERP-INTX	0.1096	−0.0520	pay 0.0065% / 1h	55m 07s	$202K	$197K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.402%Rate

Funding earned: −$130.2
Price spread: −0.402% → −0.427%: $2.46
Slippage, 4 orders: −$76.76
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$222.51
Costs to cover: 0.948%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 3 min ago.

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 Aster live order book, 2 min ago	7.28 bp	18.2 bp −$18	250.8 bp −$2,508	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	13.68 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit

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-INTXshort	−0.0520%	1h	0.1096	−0.402%	$202K	$197K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.051%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	+0.070%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.071%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.961%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1100	−0.011%	$11K	$267K	20x	as long as short
ApeX Omni POLUSDT	+0.0045%	1h	0.1098	−0.220%	$195K	$633K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1101	+0.030%	$284K	$550K	8x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1100	long leg	$366K	$268K	20x
Binance POLUSDT	+0.0100%	4h	0.1101	+0.016%	$17.1M	$42.0M	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	0.1100	−0.039%	$15.9M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1100	+0.007%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1099	−0.111%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1100	+0.007%	$24.4M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	+0.034%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	+0.070%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1100	−0.020%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	+0.018%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	−0.044%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	−0.016%	$95K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.039%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	+0.034%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0270%	1h	0.1102	+0.179%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1101	+0.096%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1102	+0.107%	$918K	$167K	75x	as long as short