Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.179%

Price spread now: Aster against Coinbase International−0.033%7-day average +0.432% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.436%+$44 on $10k

Price spread, last 3 days (all we have)+1.215%+$121 · spread now −0.033%, 7d avg +0.432%

Together, before fees+1.651%+ Points / potential airdropAster: Stage 5 · farm board+$165 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.465% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.432%). If the spread goes back, that is −$47 on $10k: about 6.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1125	−0.0128	get 0.0016% / 1h	49m 16s	$206K	$226K	50x
Short	Aster POLUSDT	0.1125	0.0100	get 0.0050% / 4h	49m 16s	$374K	$360K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $47.88
Price spread: −0.033% → +0.432%: −$46.55
Slippage, 4 orders: −$76.95
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$93.62
Costs to cover: 0.949%
Break-even: 20.7 days

Slippage from Coinbase International: live order book, 29 min ago; Aster: live order book, 28 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 Coinbase International live order book, 29 min ago	8.88 bp	22.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 28 min ago	7.11 bp	16.4 bp −$16	274.5 bp −$2,745	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
Coinbase International POL-PERP-INTXlong	−0.0128%	1h	0.1125	long leg	$206K	$226K	50x
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1125	+0.013%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1125	−0.033%	$3K	—	—	as long as short
Orderly PERP_POL_USDC	+0.0001%	4h	0.1124	−0.071%	$11K	$193K	20x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1125	+0.040%	$24K	—	150x	as long as short
dYdX POL-USD	+0.0005%	1h	0.1126	+0.075%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.244%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1125	−0.012%	$300K	$572K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1125	−0.033%	$374K	$360K	20x
Binance POLUSDT	+0.0100%	4h	0.1124	−0.053%	$17.3M	$50.6M	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	0.1124	−0.124%	$16.2M	$15.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	−0.036%	$5.8M	$12.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	+0.107%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1125	−0.009%	$24.5M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1125	+0.044%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1125	+0.009%	$4.2M	$5.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1125	−0.027%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	+0.010%	$665K	$189K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+0.116%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1125	0.000%	$199K	$657K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1124	−0.063%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	−0.133%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1125	+0.040%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0333%	1h	0.1127	+0.187%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1125	+0.044%	$912K	$169K	75x	as long as short