Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.028%

Price spread now: Reya against Binance−0.029%85s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Reya is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 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	Binance POLUSDT	0.1081	0.0006	pay 0.0003% / 4h	1h 07m	$16.5M	$31.4M	75x
Short	Reya POLRUSDPERP	0.1081	−0.0006	pay 0.0001% / 1h	7m 09s	$2K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.029%Rate

Funding earned: −$2.58
Price spread: −0.029% → 0.000%: −$2.86
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.46 bp	12.2 bp −$12	25.5 bp −$255	202.9 bp −$20.3K	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 exchanges

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	−0.0624%	1h	0.1076	−0.474%	$195K	$164K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0348%	1h	0.1082	+0.052%	$1.1M	$959K	50x	as long as short
Orderly PERP_POL_USDC	−0.0198%	4h	0.1081	−0.021%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0134%	4h	0.1080	−0.058%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0094%	4h	0.1081	−0.021%	$1.0M	$2.7M	10x	as long as short
Bitget POLUSDT	−0.0028%	4h	0.1082	+0.100%	$4.0M	$3.2M	50x	as long as short
Bybit POLUSDT	−0.0027%	4h	0.1081	−0.030%	$15.4M	$8.7M	75x	as long as short
OKX POL-USDT-SWAP	−0.0023%	4h	0.1081	+0.007%	$5.6M	$8.1M	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1081	−0.029%	$2K	—	—
dYdX POL-USD	0.0000%	1h	0.1082	+0.058%	$24K	$9K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDT	0.0000%	4h	0.1081	−0.002%	$25.0M	$3.2M	125x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1082	+0.072%	$8K	—	150x	as long as short
Binance POLUSDTlong	+0.0006%	4h	0.1081	long leg	$16.5M	$31.4M	75x
Extended POL-USD	+0.0008%	1h	0.1081	−0.024%	$90K	$526K	10x	as long as short
Aster POLUSDT	+0.0015%	4h	0.1082	+0.098%	$363K	$164K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.763%	$3K	$124K	12x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1080	−0.143%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1082	+0.058%	$259K	$517K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1083	+0.183%	$7.3M	$3.4M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1082	+0.044%	$3.1M	$788K	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1081	−0.011%	—	$7.0M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1080	−0.110%	$599K	$162K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1082	+0.081%	$153K	$662K	50x	as long as short
BloFin POL-USDT	+0.0196%	4h	0.1081	−0.002%	$889K	$131K	75x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0202% / S −0.0373%	1h	0.1082	+0.073%	$3K	—	100x	as long as short