Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0133%/8h= +14.5% APRpaid last 24h +0.028%

Price spread now: Hyperliquid against Aster+0.214%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.432%+$43 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.214%, 7d avg +0.058%

Together, before fees+0.323%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.156% dearer against Aster than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1123	0.0100	pay 0.0050% / 4h	1h 12m	$376K	$360K	20x
Short	Hyperliquid POL	0.1126	0.0233	get 0.0029% / 1h	12m 19s	$7.6M	$4.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.214%Rate

Funding earned: $27.87
Price spread: +0.214% → +0.058%: $15.62
Slippage, 4 orders: −$46.57
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$20.08
Costs to cover: 0.636%
Break-even: 12.0 days

Slippage from Aster: live order book, 5 min ago; Hyperliquid: live order book, 10 min ago.

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 Aster live order book, 5 min ago	7.11 bp	18.7 bp −$19	300.4 bp −$3,004	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.88 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit

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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.103%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1122	−0.124%	$205K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1124	+0.070%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0012%	4h	0.1123	−0.017%	$11K	$197K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1123	−0.026%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1124	+0.051%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0014%	1h	0.1124	+0.053%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1124	+0.034%	$300K	$577K	8x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1123	long leg	$376K	$360K	20x
Binance POLUSDT	+0.0100%	4h	0.1123	−0.002%	$17.4M	$51.1M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1123	−0.071%	$16.2M	$15.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	−0.008%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1124	+0.045%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1123	−0.008%	$23.7M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1123	−0.026%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1124	+0.009%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1123	−0.008%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	+0.122%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.193%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1125	+0.143%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	−0.017%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1123	−0.080%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1124	+0.052%	$3K	—	100x	as long as short
Hyperliquid POLshort	+0.0233%	1h	0.1126	+0.214%	$7.6M	$4.6M	5x
BloFin POL-USDT	+0.0340%	4h	0.1125	+0.170%	$915K	$170K	75x	as long as short