Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.012%

Price spread now: Reya against GRVT+0.282%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.282% dearer against GRVT than usual: you sell high and buy low (spread +0.282% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POL_USDT_Perp	0.1124	0.0100	pay 0.0050% / 4h	3h 14m	$1.1M	$2.9M	10x
Short	Reya POLRUSDPERP	0.1127	−0.0006	pay 0.0001% / 1h	14m 44s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.282%Rate

Funding earned: −$22.32
Price spread: +0.282% → 0.000%: $28.23
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$9.09
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 min ago; Reya: no order-book sample. 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	2.23 bp	18.4 bp −$18	51.2 bp −$512	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_POLUSD	−0.0238%	1h	0.1127	+0.257%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.681%	$204K	$199K	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1127	+0.282%	$3K	—	—
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1127	+0.318%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0018%	1h	0.1127	+0.281%	$17K	$4K	5x	as long as short
Orderly PERP_POL_USDC	+0.0024%	4h	0.1126	+0.173%	$11K	$164K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.126%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1126	+0.209%	$294K	$585K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1126	+0.230%	$374K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1126	+0.196%	$17.3M	$44.1M	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	0.1126	+0.173%	$16.2M	$12.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	+0.155%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	+0.182%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1126	+0.209%	$24.4M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1126	+0.244%	$3.0M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	+0.209%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1126	+0.200%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	+0.122%	$623K	$224K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1124	long leg	$1.1M	$2.9M	10x
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	−0.147%	$199K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1126	+0.186%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	+0.055%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0173%	1h	0.1128	+0.395%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1127	+0.327%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	+0.253%	$912K	$161K	75x	as long as short