Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.009%

Price spread now: Injective against GRVT−0.858%7-day average +0.041% · you buy dearer than you sell

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.245%−$124 on $10k

Price spread, last 3 days (all we have)−1.680%−$168 · spread now −0.858%, 7d avg +0.041%

Together, before fees−2.924%+ Points / potential airdropGRVT: Active · farm board−$292 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.899% cheaper against GRVT than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POL_USDT_Perp	0.1121	0.0100	pay 0.0050% / 4h	1h 39m	$1.1M	$3.4M	10x
Short	Injective POL/USDC PERP	0.1111	−0.0162	pay 0.0020% / 1h	39m 52s	$3K	$124K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.858%Rate

Funding earned: −$55.1
Price spread: −0.858% → +0.041%: −$89.86
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$153.98
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; Injective: live order book, 64 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 GRVT live order book, 4 min ago	1.78 bp	13.4 bp −$13	26.1 bp −$261	doesn't fit	doesn't fit
Sell Injective live order book, 64 min ago	67.72 bp	doesn't fit	doesn't fit	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 PERPshort	−0.0162%	1h	0.1111	−0.858%	$3K	$124K	12x
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	+0.124%	$204K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1125	+0.423%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0025%	4h	0.1124	+0.338%	$11K	$201K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1124	+0.279%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1124	+0.274%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1125	+0.404%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1125	+0.356%	$307K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1125	+0.359%	$374K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1125	+0.363%	$17.2M	$51.4M	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	0.1124	+0.329%	$16.2M	$16.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1124	+0.329%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1124	+0.294%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1124	+0.347%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1124	+0.338%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1124	+0.347%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1125	+0.383%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1122	+0.153%	$663K	$193K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1121	long leg	$1.1M	$3.4M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.055%	$198K	$661K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1124	+0.315%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1123	+0.169%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0155%	1h	0.1127	+0.526%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1125	+0.396%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1122	+0.106%	$905K	$169K	75x	as long as short