Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.032%

Price spread now: Reya against Variational Omni+0.075%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.075% dearer against Variational Omni than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1105	0.0100	pay 0.0050% / 4h	1h 15m	$612K	$209K	—
Short	Reya POLRUSDPERP	0.1106	−0.0006	pay 0.0001% / 1h	15m 59s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +0.075%Rate

Funding earned: −$22.31
Price spread: +0.075% → 0.000%: $7.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$20.84
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Reya: no order-book sample. 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 Variational Omni RFQ quote, 48 min ago	4.53 bp	doesn't fit	40.8 bp −$408	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0464%	1h	0.1098	−0.637%	$202K	$198K	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1106	+0.075%	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1106	+0.115%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1107	+0.134%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.540%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1106	+0.069%	$11K	$297K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1106	+0.105%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1106	+0.098%	$368K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1106	+0.071%	$17.2M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.003%	$15.9M	$11.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1106	+0.051%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1105	+0.015%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	+0.078%	$23.9M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	+0.096%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	+0.078%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1106	+0.051%	—	$1.6M	—	as long as short
Variational Omni POLlong	+0.0100%	4h	0.1105	long leg	$612K	$209K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1106	+0.106%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	+0.087%	$196K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	+0.068%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.094%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	+0.120%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0221%	1h	0.1108	+0.241%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1107	+0.161%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.115%	$915K	$167K	75x	as long as short