Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster−0.051%7-day average −0.091% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.217%+$22 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.051%, 7d avg −0.091%

Together, before fees+0.275%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.040% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1098	0.0100	pay 0.0050% / 4h	3h 34m	$364K	$247K	20x
Short	Variational Omni POL	0.1097	0.0100	get 0.0050% / 4h	3h 34m	$607K	$206K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.091%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.96
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 18 min ago; Variational Omni: RFQ quote, 20 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, 18 min ago	6.32 bp	17.2 bp −$17	262.4 bp −$2,624	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 20 min ago	9.07 bp	doesn't fit	36.3 bp −$363	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	−0.0512%	1h	0.1095	−0.243%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1097	−0.027%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1097	−0.050%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1098	+0.021%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1097	−0.063%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.215%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1096	−0.106%	$11K	$386K	20x	as long as short
Gate POL_USDT	+0.0074%	4h	0.1096	−0.125%	$1.8M	$1.4M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1097	−0.037%	$279K	$540K	8x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1098	long leg	$364K	$247K	20x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1097	−0.087%	$17.0M	$41.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1096	−0.125%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1096	−0.152%	$5.7M	$10.0M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1098	−0.015%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1098	−0.006%	$2.9M	$974K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1097	−0.043%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1097	−0.061%	—	$7.2M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1097	−0.051%	$607K	$206K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1097	−0.033%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1098	+0.030%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1096	−0.117%	$91K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1095	−0.197%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0104%	1h	0.1099	+0.112%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1097	−0.061%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1097	−0.079%	$908K	$164K	75x	as long as short