Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Bybit against Aster−0.151%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.361%+$36 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.151%, 7d avg −0.072%

Together, before fees+0.484%+ Points / potential airdropAster: Stage 5 · farm board+$48 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: Bybit is 0.079% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1116	0.0100	pay 0.0050% / 4h	2h 33m	$371K	$383K	20x
Short	Bybit POLUSDT	0.1115	0.0100	get 0.0050% / 4h	2h 33m	$16.0M	$16.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → −0.072%: −$7.92
Slippage, 4 orders: −$51.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.96
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Aster: live order book, 54 min ago; Bybit: live order book, just now.

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 Aster live order book, 54 min ago	6.71 bp	18.2 bp −$18	277.1 bp −$2,771	doesn't fit	doesn't fit
Sell Bybit live order book, just now	0.90 bp	18.7 bp −$19	44.7 bp −$447	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	−0.0080%	1h	0.1111	−0.482%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1116	−0.012%	$1.2M	$1.8M	50x	as long as short
ApeX Omni POLUSDT	−0.0045%	1h	0.1115	−0.124%	$197K	$660K	50x	as long as short
Orderly PERP_POL_USDC	−0.0035%	4h	0.1116	−0.043%	$11K	$209K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1116	−0.061%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1117	+0.046%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	+0.035%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.482%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1116	−0.039%	$312K	$559K	8x	as long as short
OKX POL-USDT-SWAP	+0.0099%	4h	0.1115	−0.115%	$5.8M	$12.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1118	+0.136%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1116	long leg	$371K	$383K	20x
Binance POLUSDT	+0.0100%	4h	0.1116	−0.061%	$17.0M	$51.9M	75x	as long as short
Bybit POLUSDTshort	+0.0100%	4h	0.1115	−0.151%	$16.0M	$16.4M	75x
Gate POL_USDT	+0.0100%	4h	0.1116	−0.017%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1115	−0.106%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1117	+0.019%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1116	−0.061%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1116	−0.025%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1115	−0.150%	$658K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	+0.056%	$1.1M	$3.4M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1115	−0.115%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1115	−0.166%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1117	+0.023%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	−0.052%	$902K	$168K	75x	as long as short