Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.026%

Price spread now: Binance against Reya−0.118%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 Binance

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 · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.118% cheaper against Reya than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.7 days 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	0.1102	−0.0006	get 0.0001% / 1h	27m 50s	$3K	—	—
Short	Binance POLUSDT	0.1101	0.0100	get 0.0050% / 4h	27m 50s	$17.1M	$41.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.118%Rate

Funding earned: $22.31
Price spread: −0.118% → 0.000%: −$11.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.45
Costs to cover: 0.160%
Break-even: 8.7 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago	0.46 bp	15.5 bp −$16	36.5 bp −$365	139.9 bp −$14.0K	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 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	−0.0520%	1h	0.1101	−0.127%	$203K	$198K	50x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1102	long leg	$3K	—	—
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	−0.017%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.780%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1100	−0.181%	$11K	$259K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.140%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	−0.086%	$366K	$271K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1101	−0.118%	$17.1M	$41.9M	75x
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.099%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	−0.118%	$5.7M	$10.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1101	−0.136%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.118%	$24.5M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	−0.063%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	−0.081%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1101	−0.127%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.103%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1103	+0.054%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1099	−0.308%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1101	−0.145%	$95K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.217%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0150%	1h	0.1103	+0.082%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0205%	1h	0.1103	+0.090%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	−0.035%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0314%	1h	0.1101	−0.137%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1103	+0.082%	$905K	$169K	75x	as long as short