Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.036%

Price spread now: Aster against Injective+1.433%7-day average +0.291% · you sell dearer than you buy

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.877%+$88 on $10k

Price spread, last 3 days (all we have)+1.131%+$113 · spread now +1.433%, 7d avg +0.291%

Together, before fees+2.008%+ Points / potential airdropAster: Stage 5 · farm board+$201 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 1.141% dearer against Injective than usual: you sell high and buy low: +$114 more if the spread goes back to its 7-day average of +0.291%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective POL/USDC PERP	0.1111	−0.0162	get 0.0020% / 1h	31m 05s	$3K	$124K	12x
Short	Aster POLUSDT	0.1127	0.0100	get 0.0050% / 4h	1h 31m	$375K	$357K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +1.433%Rate

Funding earned: $55.1
Price spread: +1.433% → +0.291%: $114.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: $161.2
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: live order book, 8 min ago; Aster: live order book, 51 min ago. 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 Injective live order book, 8 min ago	75.79 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 51 min ago	6.25 bp	21.2 bp −$21	303.9 bp −$3,039	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 PERPlong	−0.0162%	1h	0.1111	long leg	$3K	$124K	12x
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1131	+1.800%	$207K	$237K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1126	+1.335%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0020%	4h	0.1125	+1.278%	$11K	$200K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1125	+1.272%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1128	+1.494%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1126	+1.375%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1126	+1.356%	$306K	$572K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1127	+1.433%	$375K	$357K	20x
Binance POLUSDT	+0.0100%	4h	0.1125	+1.305%	$17.2M	$51.8M	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	0.1125	+1.251%	$16.2M	$15.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	+1.260%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	+1.368%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1126	+1.332%	$23.8M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1125	+1.305%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1127	+1.404%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1125	+1.278%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	+1.271%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	+1.338%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1127	+1.440%	$199K	$659K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1125	+1.285%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1124	+1.170%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0163%	1h	0.1128	+1.503%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1126	+1.375%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1125	+1.305%	$904K	$170K	75x	as long as short