Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.191%

Price spread now: Aster against Coinbase International+0.846%7-day average +0.430% · 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−$53as in the Price arb table

costs, in and out, $10k−$940.942% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.433%+$43 on $10k

Price spread, last 3 days (all we have)+1.088%+$109 · spread now +0.846%, 7d avg +0.430%

Together, before fees+1.521%+ Points / potential airdropAster: Stage 5 · farm board+$152 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.416% dearer against Coinbase International than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.430%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1111	−0.0128	get 0.0016% / 1h	56m 16s	$202K	$253K	50x
Short	Aster POLUSDT	0.1120	0.0100	get 0.0050% / 4h	1h 56m	$372K	$359K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.846%Rate

Funding earned: $47.88
Price spread: +0.846% → +0.430%: $41.56
Slippage, 4 orders: −$76.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.73
Costs to cover: 0.942%
Break-even: 7.7 days

Slippage from Coinbase International: live order book, 27 min ago; Aster: live order book, 26 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 Coinbase International live order book, 27 min ago	8.92 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 26 min ago	6.25 bp	21.2 bp −$21	303.9 bp −$3,039	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	0.000%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTXlong	−0.0128%	1h	0.1111	long leg	$202K	$253K	50x
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	+0.965%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0025%	4h	0.1121	+0.864%	$11K	$204K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	+0.848%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1121	+0.882%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1121	+0.917%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1121	+0.890%	$311K	$558K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1120	+0.846%	$372K	$359K	20x
Binance POLUSDT	+0.0100%	4h	0.1121	+0.894%	$17.1M	$51.5M	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	0.1120	+0.828%	$16.1M	$16.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	+0.837%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	+0.810%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	+0.873%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.855%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	+0.873%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	+0.828%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1116	+0.482%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	+0.549%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1118	+0.630%	$198K	$662K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	+0.859%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	+0.726%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0202%	1h	0.1123	+1.089%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1121	+0.925%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	+0.621%	$906K	$168K	75x	as long as short