Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Aster against Extended−0.044%7-day average +0.069% · 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−$83as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.240%−$24 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.044%, 7d avg +0.069%

Together, before fees−0.138%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$14 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: Aster is 0.112% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended POL-USD	0.1101	0.0104	pay 0.0013% / 1h	56m 57s	$92K	$455K	10x
Short	Aster POLUSDT	0.1100	0.0100	get 0.0050% / 4h	3h 56m	$365K	$271K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$0.84
Price spread: −0.044% → +0.069%: −$11.22
Slippage, 4 orders: −$58.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$83.62
Costs to cover: 0.716%
Break-even: never at this rate

Slippage from Extended: live order book, 61 min ago; Aster: live order book, 60 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 Extended live order book, 61 min ago	1.51 bp	16.2 bp −$16	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell Aster live order book, 60 min ago	7.28 bp	21.6 bp −$22	302.7 bp −$3,027	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	−0.0512%	1h	0.1098	−0.246%	$202K	$198K	50x	as long as short
Gate POL_USDT	−0.0242%	4h	0.1099	−0.137%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1101	−0.008%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.071%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1102	+0.091%	$17K	$2K	5x	as long as short
GRVT POL_USDT_Perp	+0.0002%	4h	0.1100	−0.046%	$1.1M	$2.8M	10x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.031%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.936%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1100	−0.082%	$11K	$244K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1100	−0.024%	$280K	$540K	8x	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	0.1102	+0.154%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1100	−0.044%	$365K	$271K	20x
Binance POLUSDT	+0.0100%	4h	0.1101	+0.018%	$17.1M	$41.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.009%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1102	+0.082%	$5.7M	$10.1M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.018%	$24.7M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1101	+0.036%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	+0.027%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1101	−0.009%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	+0.096%	$610K	$206K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1101	+0.027%	$195K	$638K	50x	as long as short
Extended POL-USDlong	+0.0104%	1h	0.1101	long leg	$92K	$455K	10x
Aevo POL-PERP	+0.0104%	1h	0.1099	−0.186%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	−0.010%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1100	−0.100%	$910K	$169K	75x	as long as short