Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.032%

Price spread now: Bitget against Reya−0.207%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 Bitget

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. Bitget is 0.207% cheaper against Reya than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 6.5 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	0.1090	−0.0006	get 0.0001% / 1h	41m 11s	$2K	—	—
Short	Bitget POLUSDT	0.1087	0.0100	get 0.0050% / 4h	2h 41m	$4.0M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.207%Rate

Funding earned: $22.3
Price spread: −0.207% → 0.000%: −$20.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.43
Costs to cover: 0.180%
Break-even: 12.2 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	1.38 bp	20.4 bp −$20	28.6 bp −$286	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 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	−0.0480%	1h	0.1089	−0.051%	$201K	$199K	50x	as long as short
Gate POL_USDT	−0.0238%	4h	0.1087	−0.217%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1090	+0.008%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1090	long leg	$2K	—	—
dYdX POL-USD	0.0000%	1h	0.1092	+0.204%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1090	+0.041%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.968%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1090	+0.004%	$11K	$860K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1090	+0.007%	$277K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1089	−0.015%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1089	−0.079%	$362K	$242K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1087	−0.190%	$16.7M	$38.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1087	−0.244%	$15.6M	$10.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1087	−0.217%	$5.6M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1088	−0.161%	$24.5M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1090	+0.004%	$2.9M	$939K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1087	−0.207%	$4.0M	$4.2M	50x
BingX POL-USDT	+0.0100%	4h	0.1087	−0.189%	—	$7.1M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1089	−0.082%	$603K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1090	+0.040%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1091	+0.132%	$194K	$633K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1089	−0.064%	$91K	$276K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1088	−0.142%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1090	+0.031%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1090	+0.050%	$898K	$160K	75x	as long as short