Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.032%

Price spread now: Aster against Reya−0.048%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aster

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 airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.048% cheaper against Reya than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POLRUSDPERP	0.1101	−0.0006	get 0.0001% / 1h	8m 18s	$3K	—	—
Short	Aster POLUSDT	0.1101	0.0100	get 0.0050% / 4h	2h 08m	$366K	$276K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now −0.048%Rate

Funding earned: $22.31
Price spread: −0.048% → 0.000%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $3.51
Costs to cover: 0.140%
Break-even: 5.9 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 59 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 59 min ago	7.14 bp	16.1 bp −$16	274.4 bp −$2,744	doesn't fit	doesn't fit

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 24 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	−0.0312%	1h	0.1099	−0.219%	$202K	$203K	50x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1101	long leg	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1100	−0.094%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	+0.088%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.870%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0046%	4h	0.1102	+0.044%	$11K	$316K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1100	−0.111%	$284K	$577K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1101	−0.048%	$366K	$276K	20x
Binance POLUSDT	+0.0100%	4h	0.1102	+0.063%	$17.1M	$43.4M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1102	+0.017%	$15.9M	$12.1M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1102	+0.053%	$5.7M	$10.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	−0.047%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	+0.053%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	−0.056%	$2.9M	$991K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	+0.053%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1102	+0.053%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	+0.022%	$610K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1103	+0.115%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1102	+0.053%	$195K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1100	−0.168%	$95K	$443K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	−0.059%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1100	−0.090%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.095%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0240%	1h	0.1104	+0.189%	$7.4M	$3.7M	5x	as long as short