Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.038%

Price spread now: Injective against Aster+0.875%7-day average −0.296% · you sell dearer than you buy

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.883%−$88 on $10k

Price spread, last 4 days (all we have)−4.817%−$482 · spread now +0.875%, 7d avg −0.296%

Together, before fees−5.700%+ Points / potential airdropAster: Stage 5 · farm board−$570 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.171% dearer against Aster than usual: you sell high and buy low (spread +0.875% now, against its 7-day average of −0.296%): +$117 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 59 days. At the pace of the last 5 days (−0.883% in total) that is about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1101	0.0100	pay 0.0050% / 4h	1h 45m	$366K	$269K	20x
Short	Injective POL/USDC PERP	0.1111	0.0033	get 0.0004% / 1h	45m 17s	$3K	$124K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.875%Rate

Funding earned: −$14
Price spread: +0.875% → −0.296%: $117.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $95.11
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 17 min ago; Injective: live order book, 39 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 Aster live order book, 17 min ago	7.25 bp	40.5 bp −$40	322.2 bp −$3,222	doesn't fit	doesn't fit
Sell Injective live order book, 39 min ago	86.09 bp	doesn't fit	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	−0.0464%	1h	0.1098	−0.305%	$202K	$201K	50x	as long as short
ApeX Omni POLUSDT	−0.0133%	1h	0.1101	−0.033%	$195K	$635K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.018%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1100	−0.113%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.008%	$24K	—	150x	as long as short
Injective POL/USDC PERPshort	+0.0033%	1h	0.1111	+0.875%	$3K	$124K	12x
Orderly PERP_POL_USDC	+0.0045%	4h	0.1101	−0.024%	$11K	$299K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1100	−0.078%	$284K	$564K	8x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1101	long leg	$366K	$269K	20x
Binance POLUSDT	+0.0100%	4h	0.1102	+0.017%	$17.1M	$42.2M	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	0.1101	−0.060%	$15.9M	$11.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	−0.033%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1100	−0.096%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.004%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	−0.042%	$2.9M	$968K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	+0.040%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1101	−0.005%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1100	−0.082%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	−0.090%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1101	−0.009%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.123%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.020%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0237%	1h	0.1103	+0.167%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1102	+0.083%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	−0.014%	$911K	$161K	75x	as long as short