Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.009%

Price spread now: Reya against Gate+0.034%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Reya

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

The price spread pays, funding is against you. Reya is 0.034% dearer against Gate than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POL_USDT	0.1119	0.0100	pay 0.0050% / 4h	3h 35m	$1.9M	$1.2M	75x
Short	Reya POLRUSDPERP	0.1119	−0.0006	pay 0.0001% / 1h	35m 49s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now +0.034%Rate

Funding earned: −$22.32
Price spread: +0.034% → 0.000%: $3.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$39.93
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Reya: no order-book sample. 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 Gate live order book, 2 min ago	4.91 bp	20.8 bp −$21	159.4 bp −$1,594	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	0.1121	+0.163%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.268%	$204K	$199K	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1119	+0.034%	$3K	—	—
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	+0.130%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0018%	4h	0.1120	+0.080%	$11K	$172K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.715%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0035%	1h	0.1120	+0.119%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1120	+0.107%	$294K	$580K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.147%	$372K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	+0.083%	$17.2M	$45.2M	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	0.1120	+0.054%	$16.1M	$13.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	+0.071%	$5.8M	$10.8M	50x	as long as short
Gate POL_USDTlong	+0.0100%	4h	0.1119	long leg	$1.9M	$1.2M	75x
MEXC POL_USDT	+0.0100%	4h	0.1120	+0.098%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.125%	$3.0M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.080%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1120	+0.089%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.007%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.018%	$1.1M	$3.0M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	0.000%	$198K	$644K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	+0.039%	$93K	$534K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.056%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0132%	1h	0.1122	+0.241%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1120	+0.117%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1121	+0.170%	$909K	$159K	75x	as long as short