Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.038%

Price spread now: Injective against Aster+1.433%97s7-day average −0.200% · you sell dearer than you buy

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.885%−$89 on $10k

Price spread, last 4 days (all we have)−3.220%−$322 · spread now +1.433%, 7d avg −0.200%

Together, before fees−4.106%+ Points / potential airdropAster: Stage 5 · farm board−$411 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.633% dearer against Aster than usual: you sell high and buy low (spread +1.433% now, against its 7-day average of −0.200%): +$163 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 6 days (−0.885% in total) that is about 10 days. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1095	0.0100	pay 0.0050% / 4h	3h 53m	$363K	$167K	20x
Short	Injective POL/USDC PERP	0.1111	0.0033	get 0.0004% / 1h	53m 40s	$3K	$124K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.433%Rate

Funding earned: −$14
Price spread: +1.433% → −0.200%: $163.28
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $141.26
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 43 min ago; Injective: live order book, just now. 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 Aster live order book, 43 min ago	10.54 bp	23.6 bp −$24	301.9 bp −$3,019	doesn't fit	doesn't fit
Sell Injective live order book, just now	82.57 bp	doesn't fit	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
Bybit POLUSDT	−0.0642%	4h	0.1094	−0.165%	$15.7M	$9.6M	75x	as long as short
Coinbase International POL-PERP-INTX	−0.0600%	1h	0.1092	−0.302%	$200K	$182K	50x	as long as short
GRVT POL_USDT_Perp	−0.0568%	4h	0.1093	−0.201%	$1.1M	$2.9M	10x	as long as short
Kraken Futures PF_POLUSD	−0.0474%	1h	0.1095	−0.052%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0256%	4h	0.1093	−0.219%	$1.8M	$1.2M	75x	as long as short
OKX POL-USDT-SWAP	−0.0084%	4h	0.1094	−0.137%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0075%	4h	0.1094	−0.101%	$11K	$2.1M	20x	as long as short
ApeX Omni POLUSDT	−0.0018%	1h	0.1095	−0.028%	$194K	$641K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	−0.096%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	+0.047%	$19K	$3K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1095	−0.023%	$9K	—	150x	as long as short
Injective POL/USDC PERPshort	+0.0033%	1h	0.1111	+1.433%	$3K	$124K	12x
Binance POLUSDT	+0.0054%	4h	0.1094	−0.146%	$16.7M	$36.3M	75x	as long as short
MEXC POL_USDT	+0.0062%	4h	0.1094	−0.119%	$25.1M	$3.4M	125x	as long as short
Extended POL-USD	+0.0064%	1h	0.1094	−0.159%	$92K	$520K	10x	as long as short
Lighter POL	+0.0096%	1h	0.1094	−0.128%	$274K	$537K	8x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1093	−0.210%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1096	+0.027%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1095	long leg	$363K	$167K	20x
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−0.101%	$2.9M	$877K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	−0.128%	$4.0M	$4.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1094	−0.137%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	−0.135%	$605K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1095	−0.021%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0250%	4h	0.1092	−0.283%	$899K	$145K	75x	as long as short