Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against GRVT+0.452%80s7-day average +0.012% · 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—prices read too far apart to compare

costs, in and out, $10k−$1021.023% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.217%−$22 on $10k

Price spread, last 4 days (all we have)−0.981%−$98 · spread now +0.452%, 7d avg +0.012%

Together, before fees−1.199%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$120 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 0.440% dearer against GRVT than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POL_USDT_Perp	0.1102	0.0100	pay 0.0050% / 4h	1h 22m	$1.1M	$2.7M	10x
Short	Aster POLUSDT	0.1107	0.0100	get 0.0050% / 4h	1h 22m	$368K	$269K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now +0.452%Rate

Funding earned: $0
Price spread: +0.452% → +0.012%: $43.96
Slippage, 4 orders: −$85.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.33
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Aster: live order book, 40 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 GRVT live order book, 1 min ago	2.26 bp	14.8 bp −$15	30.5 bp −$305	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	7.25 bp	18.0 bp −$18	269.4 bp −$2,694	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	−0.0464%	1h	0.1098	−0.340%	$202K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1106	+0.390%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1106	+0.414%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1107	+0.460%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.840%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1106	+0.386%	$11K	$297K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1107	+0.439%	$285K	$565K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1107	+0.452%	$368K	$269K	20x
Binance POLUSDT	+0.0100%	4h	0.1106	+0.387%	$17.2M	$42.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	+0.341%	$16.0M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1106	+0.359%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1106	+0.368%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	+0.414%	$23.9M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1107	+0.450%	$2.9M	$974K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	+0.432%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1106	+0.423%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.052%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1102	long leg	$1.1M	$2.7M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1103	+0.114%	$195K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	+0.395%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1105	+0.250%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	+0.430%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0229%	1h	0.1108	+0.586%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1107	+0.490%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1105	+0.305%	$916K	$166K	75x	as long as short