Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.015%

Price spread now: Aster against Extended−0.014%7-day average +0.068% · 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−$83as in the Price arb table

costs, in and out, $10k−$750.745% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.237%−$24 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.014%, 7d avg +0.068%

Together, before fees−0.165%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$16 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: Aster is 0.081% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1121	0.0104	pay 0.0013% / 1h	56m 43s	$93K	$427K	10x
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 Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$0.84
Price spread: −0.014% → +0.068%: −$8.15
Slippage, 4 orders: −$61.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$83.5
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from Extended: live order book, 26 min ago; Aster: live order book, 25 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 Extended live order book, 26 min ago	1.88 bp	15.7 bp −$16	212.5 bp −$2,125	doesn't fit	doesn't fit
Sell Aster live order book, 25 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	−0.850%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.850%	$202K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1120	−0.076%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0026%	4h	0.1119	−0.171%	$11K	$204K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.232%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1121	+0.025%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1119	−0.155%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1121	+0.050%	$311K	$558K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1120	−0.014%	$372K	$359K	20x
Binance POLUSDT	+0.0100%	4h	0.1121	+0.055%	$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	−0.002%	$16.1M	$16.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	+0.078%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	−0.091%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	+0.052%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	+0.016%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	+0.043%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1120	−0.011%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1116	−0.372%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	−0.305%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1118	−0.225%	$198K	$662K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1121	long leg	$93K	$427K	10x
Aevo POL-PERP	+0.0104%	1h	0.1117	−0.297%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0205%	1h	0.1123	+0.239%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1119	−0.153%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	−0.234%	$906K	$168K	75x	as long as short