Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.032%

Price spread now: BingX against Reya−0.023%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 BingX

What this pair did over the last

the charts below follow

Funding, last 4 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. BingX is 0.023% cheaper against Reya than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 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	0.1096	−0.0006	get 0.0001% / 1h	39m 09s	$3K	—	—
Short	BingX POL-USDC	0.1095	0.0100	get 0.0050% / 4h	3h 39m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $22.29
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $3.98
Costs to cover: 0.160%
Break-even: 5.7 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago	4.10 bp	57.8 bp −$58	168.7 bp −$1,687	1107.2 bp −$110.7K	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	−0.0600%	1h	0.1094	−0.142%	$200K	$180K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0474%	1h	0.1096	+0.065%	$1.2M	$973K	50x	as long as short
Bybit POLUSDT	−0.0152%	4h	0.1095	−0.032%	$15.7M	$9.5M	75x	as long as short
Orderly PERP_POL_USDC	−0.0094%	4h	0.1096	+0.032%	$11K	$2.2M	20x	as long as short
ApeX Omni POLUSDT	−0.0072%	1h	0.1096	+0.041%	$169K	$654K	50x	as long as short
OKX POL-USDT-SWAP	−0.0071%	4h	0.1095	−0.014%	$5.7M	$9.3M	50x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1096	long leg	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1098	+0.188%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1097	+0.145%	$9K	—	150x	as long as short
Gate POL_USDT	+0.0006%	4h	0.1096	+0.077%	$1.8M	$1.2M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT POL_USDT_Perp	+0.0016%	4h	0.1097	+0.103%	$1.1M	$2.9M	10x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.410%	$3K	$124K	12x	as long as short
Extended POL-USD	+0.0040%	1h	0.1095	−0.020%	$91K	$521K	10x	as long as short
Binance POLUSDT	+0.0040%	4h	0.1095	−0.037%	$16.7M	$35.7M	75x	as long as short
MEXC POL_USDT	+0.0042%	4h	0.1095	−0.005%	$25.2M	$3.4M	125x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1097	+0.128%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1096	+0.043%	$274K	$539K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	+0.134%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1096	+0.077%	$363K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1097	+0.105%	$2.8M	$871K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	−0.032%	$4.0M	$3.8M	50x	as long as short
BingX POL-USDCshort	+0.0100%	4h	0.1095	−0.023%	—	$1.6M	—
Variational Omni POL	+0.0100%	4h	0.1096	+0.011%	$606K	$166K	—	as long as short
BloFin POL-USDT	+0.0161%	4h	0.1097	+0.132%	$897K	$146K	75x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1097	+0.137%	$3K	—	100x	as long as short