Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.007%

Price spread now: Gate against Reya+0.271%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Gate

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

The price spread pays, funding is against you. Gate is 0.271% dearer against Reya than usual: you sell high and buy low (spread +0.271% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POLRUSDPERP	0.1092	−0.0006	get 0.0001% / 1h	32m 23s	$2K	—	—
Short	Gate POL_USDT	0.1095	−0.0276	pay 0.0138% / 4h	3h 32m	$1.8M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Reya. 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 ReyabpFee GatebpOrdersPrice spread, now +0.271%Rate

Funding earned: −$56.67
Price spread: +0.271% → 0.000%: $27.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.61
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Gate: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	5.02 bp	20.3 bp −$20	171.8 bp −$1,718	doesn't fit	doesn't fit

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 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	−0.096%	$199K	$179K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0474%	1h	0.1095	+0.231%	$1.2M	$975K	50x	as long as short
Bybit POLUSDT	−0.0437%	4h	0.1092	+0.042%	$15.7M	$9.4M	75x	as long as short
Gate POL_USDTshort	−0.0276%	4h	0.1095	+0.271%	$1.8M	$1.2M	75x
Orderly PERP_POL_USDC	−0.0104%	4h	0.1093	+0.051%	$11K	$2.3M	20x	as long as short
OKX POL-USDT-SWAP	−0.0094%	4h	0.1093	+0.069%	$5.7M	$9.2M	50x	as long as short
ApeX Omni POLUSDT	−0.0092%	1h	0.1097	+0.454%	$155K	$661K	50x	as long as short
GRVT POL_USDT_Perp	−0.0034%	4h	0.1095	+0.299%	$1.0M	$2.9M	10x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1092	long leg	$2K	—	—
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1095	+0.282%	$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	+0.0024%	4h	0.1093	+0.045%	$16.6M	$35.5M	75x	as long as short
MEXC POL_USDT	+0.0028%	4h	0.1093	+0.087%	$25.1M	$3.4M	125x	as long as short
Extended POL-USD	+0.0032%	1h	0.1093	+0.090%	$91K	$521K	10x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.736%	$3K	$124K	12x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1094	+0.196%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.161%	$273K	$539K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1094	+0.207%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1095	+0.264%	$363K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.161%	$2.8M	$865K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.069%	$4.0M	$3.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1094	+0.161%	—	$7.1M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1096	+0.341%	$606K	$167K	—	as long as short
BloFin POL-USDT	+0.0116%	4h	0.1095	+0.298%	$898K	$145K	75x	as long as short
dYdX POL-USD	+0.0150%	1h	0.1095	+0.251%	$19K	$4K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1094	+0.133%	$3K	—	100x	as long as short