Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0575%/8h= +63.0% APRpaid last 24h +0.065%

Price spread now: Aster against Kraken Futures+0.165%7-day average −0.002% · 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−$70as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+1.236%+$124 · spread now +0.165%, 7d avg −0.002%

Together, before fees+1.094%+ Points / potential airdropAster: Stage 5 · farm board+$109 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aster is 0.167% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 6 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.142% in total (about -9.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POLUSD	0.1093	−0.0475	get 0.0059% / 1h	31m 39s	$1.2M	$975K	50x
Short	Aster POLUSDT	0.1095	0.0100	get 0.0050% / 4h	3h 31m	$363K	$167K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.165%Rate

Funding earned: $120.76
Price spread: +0.165% → −0.002%: $16.72
Slippage, 4 orders: −$68.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $50.74
Costs to cover: 0.867%
Break-even: 4.1 days

Slippage from Kraken Futures: live order book, 2 min ago; Aster: live order book, 66 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 Kraken Futures live order book, 2 min ago	7.76 bp	16.2 bp −$16	51.6 bp −$516	doesn't fit	doesn't fit
Sell Aster live order book, 66 min ago	10.54 bp	22.8 bp −$23	262.0 bp −$2,620	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	−0.0600%	1h	0.1091	−0.203%	$199K	$179K	50x	as long as short
Bybit POLUSDT	−0.0520%	4h	0.1092	−0.093%	$15.7M	$9.4M	75x	as long as short
Kraken Futures PF_POLUSDlong	−0.0475%	1h	0.1093	long leg	$1.2M	$975K	50x
Gate POL_USDT	−0.0382%	4h	0.1095	+0.163%	$1.8M	$1.2M	75x	as long as short
Orderly PERP_POL_USDC	−0.0104%	4h	0.1093	−0.057%	$11K	$2.3M	20x	as long as short
OKX POL-USDT-SWAP	−0.0094%	4h	0.1092	−0.103%	$5.7M	$9.2M	50x	as long as short
ApeX Omni POLUSDT	−0.0092%	1h	0.1097	+0.346%	$155K	$661K	50x	as long as short
GRVT POL_USDT_Perp	−0.0034%	4h	0.1095	+0.191%	$1.0M	$2.9M	10x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.108%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1094	+0.064%	$9K	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0014%	4h	0.1092	−0.069%	$16.6M	$35.5M	75x	as long as short
MEXC POL_USDT	+0.0022%	4h	0.1093	−0.057%	$25.1M	$3.4M	125x	as long as short
Extended POL-USD	+0.0024%	1h	0.1092	−0.095%	$91K	$521K	10x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.626%	$3K	$124K	12x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1094	+0.089%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1093	−0.034%	$273K	$539K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.117%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1095	+0.165%	$363K	$167K	20x
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.044%	$2.8M	$865K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1092	−0.066%	$4.0M	$3.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	−0.057%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1096	+0.233%	$606K	$167K	—	as long as short
BloFin POL-USDT	+0.0116%	4h	0.1095	+0.190%	$898K	$145K	75x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1094	+0.025%	$3K	—	100x	as long as short
dYdX POL-USD	+0.0223%	1h	0.1095	+0.143%	$22K	$7K	5x	as long as short