Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.116%

Price spread now: Kraken Futures against Aster−0.020%7-day average +0.008% · 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−$80as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.165%+$17 on $10k

Price spread, last 3 days (all we have)−1.381%−$138 · spread now −0.020%, 7d avg +0.008%

Together, before fees−1.216%+ Points / potential airdropAster: Stage 5 · farm board−$122 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.027% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.165%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1113	0.0100	pay 0.0050% / 4h	2h 48m	$370K	$383K	20x
Short	Kraken Futures PF_POLUSD	0.1113	−0.0072	pay 0.0009% / 1h	48m 34s	$1.2M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$36.1
Price spread: −0.020% → +0.008%: −$2.72
Slippage, 4 orders: −$59.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$115.91
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Kraken Futures: live order book, 5 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, 38 min ago	6.71 bp	18.2 bp −$18	277.1 bp −$2,771	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	9.42 bp	19.7 bp −$20	51.7 bp −$517	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
ApeX Omni POLUSDT	−0.0462%	1h	0.1113	+0.014%	$197K	$660K	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1111	−0.166%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0072%	1h	0.1113	−0.020%	$1.2M	$1.8M	50x
Orderly PERP_POL_USDC	−0.0046%	4h	0.1112	−0.103%	$11K	$210K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1112	−0.107%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1113	−0.016%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0008%	1h	0.1113	+0.031%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	+0.014%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0036%	4h	0.1112	−0.072%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0084%	4h	0.1111	−0.121%	$5.8M	$12.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1112	−0.057%	$311K	$559K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1114	+0.110%	$7.5M	$4.6M	5x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1113	long leg	$370K	$383K	20x
Binance POLUSDT	+0.0100%	4h	0.1112	−0.111%	$17.0M	$52.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1111	−0.157%	$16.0M	$16.5M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1111	−0.157%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1112	−0.076%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1112	−0.112%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1112	−0.085%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1112	−0.112%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1112	−0.121%	$657K	$230K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1112	−0.068%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1111	−0.166%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1112	−0.032%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1112	−0.049%	$904K	$168K	75x	as long as short