POL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.006%

Price spread now: Injective against Reya−1.073%52s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Injective is 1.073% cheaper against Reya than usual: you would sell low and buy high (spread −1.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$107 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya POLRUSDPERP	0.1123	−0.0006	get 0.0001% / 1h	25m 42s	$3K	—	—
Short	Injective POL/USDC PERP	0.1111	0.0033	get 0.0004% / 1h	25m 42s	$3K	$124K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.073%Rate

Funding earned: $8.32
Price spread: −1.073% → 0.000%: −$107.33
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$105.03
Costs to cover: 0.060%
Break-even: 95.4 days

Slippage unknown: Reya: no order-book sample; Injective: live order book, 3 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 Injective live order book, 3 min ago	89.44 bp	doesn't fit	doesn't fit	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
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1125	+0.137%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.628%	$204K	$199K	50x	as long as short
Reya POLRUSDPERPlong	−0.0006%	1h	0.1123	long leg	$3K	—	—
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1124	+0.073%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0019%	4h	0.1123	+0.004%	$11K	$166K	20x	as long as short
dYdX POL-USD	+0.0024%	1h	0.1124	+0.067%	$17K	$3K	5x	as long as short
Injective POL/USDC PERPshort	+0.0033%	1h	0.1111	−1.073%	$3K	$124K	12x
Lighter POL	+0.0096%	1h	0.1124	+0.129%	$294K	$584K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1124	+0.041%	$373K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1124	+0.108%	$17.3M	$44.5M	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	0.1123	+0.004%	$16.2M	$13.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1123	+0.031%	$5.8M	$10.6M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1123	+0.004%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1124	+0.093%	$24.4M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1124	+0.093%	$3.0M	$981K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1124	+0.040%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1123	+0.013%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1123	−0.021%	$622K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.316%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.272%	$198K	$645K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1123	+0.012%	$94K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1123	−0.049%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0126%	1h	0.1126	+0.271%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1124	+0.082%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	−0.165%	$910K	$159K	75x	as long as short