Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0134%/8h= +14.6% APRpaid last 24h +0.030%

Price spread now: Hyperliquid against Aster+0.142%7-day average +0.059% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.435%+$44 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.142%, 7d avg +0.059%

Together, before fees+0.365%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.083% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1124	0.0100	pay 0.0050% / 4h	16m 21s	$373K	$353K	20x
Short	Hyperliquid POL	0.1125	0.0234	get 0.0029% / 1h	16m 21s	$7.6M	$3.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $28.06
Price spread: +0.142% → +0.059%: $8.3
Slippage, 4 orders: −$42.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$23.42
Costs to cover: 0.598%
Break-even: 12.8 days

Slippage from Aster: live order book, 61 min ago; Hyperliquid: live order book, 6 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, 61 min ago	7.11 bp	18.7 bp −$19	300.4 bp −$3,004	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.44 bp	9.7 bp −$10	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-INTX	−0.0128%	1h	0.1121	−0.258%	$205K	$226K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	−0.033%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1123	−0.068%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1124	−0.001%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0011%	4h	0.1123	−0.071%	$11K	$186K	20x	as long as short
dYdX POL-USD	+0.0016%	1h	0.1123	−0.080%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.148%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1123	−0.059%	$300K	$572K	8x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1124	long leg	$373K	$353K	20x
Binance POLUSDT	+0.0100%	4h	0.1123	−0.070%	$17.3M	$50.0M	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	0.1123	−0.107%	$16.2M	$15.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	−0.053%	$5.8M	$11.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	−0.107%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1123	−0.044%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1123	−0.053%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	−0.062%	$4.2M	$5.3M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1123	−0.089%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1123	−0.121%	$662K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1122	−0.205%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1121	−0.258%	$198K	$650K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	−0.089%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1122	−0.210%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1124	−0.005%	$3K	—	100x	as long as short
Hyperliquid POLshort	+0.0234%	1h	0.1125	+0.142%	$7.6M	$3.9M	5x
BloFin POL-USDT	+0.0340%	4h	0.1123	−0.125%	$910K	$164K	75x	as long as short