Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.032%

Price spread now: Reya against Aster+0.082%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Reya

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 · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.082% dearer against Aster than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1115	0.0100	pay 0.0050% / 4h	2h 55m	$371K	$383K	20x
Short	Reya POLRUSDPERP	0.1116	−0.0006	pay 0.0001% / 1h	55m 24s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.082%Rate

Funding earned: −$22.33
Price spread: +0.082% → 0.000%: $8.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$28.08
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 31 min ago; Reya: 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, 31 min ago	6.71 bp	18.2 bp −$18	277.1 bp −$2,771	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0080%	1h	0.1113	−0.153%	$203K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1114	−0.037%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0043%	4h	0.1117	+0.170%	$11K	$213K	20x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1116	+0.082%	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1115	+0.072%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	+0.163%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	−0.153%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0068%	4h	0.1115	−0.011%	$1.1M	$3.5M	10x	as long as short
ApeX Omni POLUSDT	+0.0084%	1h	0.1115	+0.027%	$197K	$659K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1115	−0.015%	$321K	$549K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1118	+0.278%	$7.6M	$4.7M	5x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1115	long leg	$371K	$383K	20x
Binance POLUSDT	+0.0100%	4h	0.1116	+0.090%	$17.0M	$52.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1116	+0.108%	$16.1M	$16.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1116	+0.153%	$5.8M	$12.3M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1114	−0.036%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1115	+0.054%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1115	+0.045%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1115	+0.045%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1115	+0.054%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1114	−0.090%	$658K	$260K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1114	−0.057%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1115	+0.072%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1116	+0.159%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1114	−0.063%	$907K	$169K	75x	as long as short