Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0339%/8h= +37.1% APRpaid last 24h +0.120%

Price spread now: Aster against Kraken Futures−0.082%7-day average −0.008% · 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−$82as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.157%−$16 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.082%, 7d avg −0.008%

Together, before fees+0.030%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.074% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.008%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 5 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.157% in total (about -10.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1122	−0.0239	get 0.0030% / 1h	17m 46s	$1.2M	$1.3M	50x
Short	Aster POLUSDT	0.1121	0.0100	get 0.0050% / 4h	3h 17m	$372K	$303K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.082%Rate

Funding earned: $71.23
Price spread: −0.082% → −0.008%: −$7.44
Slippage, 4 orders: −$56.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.96
Costs to cover: 0.747%
Break-even: 8.1 days

Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 54 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 Kraken Futures live order book, 1 min ago	7.57 bp	20.2 bp −$20	64.4 bp −$644	doesn't fit	doesn't fit
Sell Aster live order book, 54 min ago	5.35 bp	18.1 bp −$18	268.2 bp −$2,682	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
Kraken Futures PF_POLUSDlong	−0.0239%	1h	0.1122	long leg	$1.2M	$1.3M	50x
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.510%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.231%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	−0.123%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0020%	1h	0.1120	−0.116%	$17K	$4K	5x	as long as short
Orderly PERP_POL_USDC	+0.0023%	4h	0.1120	−0.189%	$11K	$164K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.956%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1123	+0.102%	$293K	$585K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1121	−0.082%	$372K	$303K	20x
Binance POLUSDT	+0.0100%	4h	0.1123	+0.097%	$17.3M	$44.3M	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	0.1123	+0.069%	$16.2M	$13.0M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1122	+0.051%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.172%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	+0.034%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.100%	$3.0M	$980K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1123	+0.096%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1121	−0.056%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1121	−0.072%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	−0.085%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.025%	$199K	$646K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1122	−0.001%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.240%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0149%	1h	0.1125	+0.292%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1120	−0.131%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.118%	$911K	$159K	75x	as long as short