Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0650%/8h= +71.2% APRpaid last 24h +0.160%

Price spread now: GMX against Aster−0.092%7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.092% cheaper against Aster than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1120	0.0100	pay 0.0050% / 4h	10m 35s	$372K	$340K	20x
Short	GMX POL/USD [ETH-USDC]	0.1119	L +0.0216% / S −0.0750%	get 0.0094% / 1h	10m 35s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $136.47
Price spread: −0.092% → 0.000%: −$9.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $107.28
Costs to cover: 0.200%
Break-even: 1.5 days

Slippage unknown: Aster: live order book, 2 min ago; GMX: 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 Aster live order book, 2 min ago	5.35 bp	17.7 bp −$18	274.9 bp −$2,749	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 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	0.1121	+0.089%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1119	−0.086%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.122%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1119	−0.075%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0012%	4h	0.1118	−0.161%	$11K	$186K	20x	as long as short
dYdX POL-USD	+0.0014%	1h	0.1120	+0.009%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.804%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	−0.009%	$299K	$572K	8x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.036%	$5.8M	$11.6M	50x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1120	long leg	$372K	$340K	20x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1120	−0.009%	$17.2M	$49.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1119	−0.107%	$16.1M	$15.1M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	−0.125%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1120	−0.027%	$24.2M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1119	−0.062%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.018%	$4.2M	$5.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	+0.018%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.264%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	+0.062%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1121	+0.089%	$198K	$649K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	−0.029%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.271%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0216% / S −0.0750%	1h	0.1119	−0.092%	$3K	—	100x
Hyperliquid POL	+0.0228%	1h	0.1121	+0.097%	$7.6M	$3.9M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	+0.116%	$911K	$163K	75x	as long as short