Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Aster against Extended+0.092%7-day average +0.070% · 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−$77as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.092%, 7d avg +0.070%

Together, before fees−0.253%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1094	0.0104	pay 0.0013% / 1h	14m 31s	$91K	$265K	10x
Short	Aster POLUSDT	0.1095	0.0100	get 0.0050% / 4h	2h 14m	$363K	$240K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$0.84
Price spread: +0.092% → +0.070%: $2.23
Slippage, 4 orders: −$66.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$78.17
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from Extended: live order book, 33 min ago; Aster: live order book, 33 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 Extended live order book, 33 min ago	1.84 bp	16.5 bp −$17	243.4 bp −$2,434	doesn't fit	doesn't fit
Sell Aster live order book, 33 min ago	11.46 bp	20.8 bp −$21	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
Coinbase International POL-PERP-INTX	−0.0480%	1h	0.1081	−1.190%	$199K	$200K	50x	as long as short
Gate POL_USDT	−0.0208%	4h	0.1093	−0.075%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1094	−0.017%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	+0.040%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.073%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.027%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.552%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0035%	4h	0.1094	−0.047%	$11K	$1.0M	20x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.031%	$278K	$543K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1096	+0.218%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDTshort	+0.0100%	4h	0.1095	+0.092%	$363K	$240K	20x
Binance POLUSDT	+0.0100%	4h	0.1095	+0.053%	$16.7M	$38.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	+0.008%	$15.7M	$10.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1095	+0.053%	$5.6M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1095	+0.053%	$24.7M	$3.2M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.035%	$2.9M	$939K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	+0.081%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1095	+0.044%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	−0.114%	$604K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.099%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1094	−0.001%	$194K	$629K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1094	long leg	$91K	$265K	10x
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.167%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.015%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1093	−0.065%	$696K	$159K	75x	as long as short