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 +0.022%

Price spread now: OKX against Reya−0.027%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 OKX

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. OKX is 0.027% cheaper against Reya than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 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	0.1104	−0.0006	get 0.0001% / 1h	22m 31s	$3K	—	—
Short	OKX POL-USDT-SWAP	0.1104	0.0100	get 0.0050% / 4h	2h 22m	$5.7M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $22.31
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $3.63
Costs to cover: 0.160%
Break-even: 5.9 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	0.45 bp	13.6 bp −$14	61.8 bp −$618	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	0.1101	−0.253%	$203K	$204K	50x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1104	long leg	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1105	+0.071%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1105	+0.075%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.653%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1104	0.000%	$11K	$325K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1104	+0.063%	$285K	$576K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1105	+0.087%	$367K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1104	+0.046%	$17.1M	$43.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1103	−0.036%	$16.0M	$12.4M	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-SWAPshort	+0.0100%	4h	0.1104	−0.027%	$5.7M	$10.4M	50x
Gate POL_USDT	+0.0100%	4h	0.1103	−0.036%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1104	+0.046%	$23.9M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1105	+0.091%	$2.9M	$999K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1104	+0.046%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1104	−0.009%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1107	+0.278%	$612K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1104	+0.054%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	+0.200%	$196K	$637K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1104	+0.019%	$96K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1103	−0.117%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1105	+0.070%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	+0.037%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0220%	1h	0.1106	+0.218%	$7.4M	$3.8M	5x	as long as short