Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.038%

Price spread now: Aster against Injective−0.921%57s7-day average +0.179% · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.890%+$89 on $10k

Price spread, last 4 days (all we have)+4.863%+$486 · spread now −0.921%, 7d avg +0.179%

Together, before fees+5.753%+ Points / potential airdropAster: Stage 5 · farm board+$575 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 1.100% cheaper against Injective than usual: you would sell low and buy high (spread −0.921% now, against its 7-day average of +0.179%). If the spread goes back, that is −$110 on $10k: about 55 days of funding at the current rate (+$2 a day). At the pace of the last 6 days (+0.890% in total) that is about 7.0 days. The two prices were read 57 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	Injective POL/USDC PERP	0.1111	0.0033	pay 0.0004% / 1h	16m 13s	$3K	$124K	12x
Short	Aster POLUSDT	0.1101	0.0100	get 0.0050% / 4h	3h 16m	$365K	$167K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.921%Rate

Funding earned: $14
Price spread: −0.921% → +0.179%: −$110.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$104.03
Costs to cover: 0.080%
Break-even: 59.0 days

Slippage unknown: Injective: live order book, 38 min ago; Aster: live order book, 16 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 Injective live order book, 38 min ago	82.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 16 min ago	11.44 bp	18.9 bp −$19	252.2 bp −$2,522	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	−0.0600%	1h	0.1100	−0.990%	$200K	$181K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0471%	1h	0.1103	−0.725%	$1.2M	$975K	50x	as long as short
Gate POL_USDT	−0.0260%	4h	0.1100	−1.035%	$1.8M	$1.2M	75x	as long as short
Orderly PERP_POL_USDC	−0.0116%	4h	0.1102	−0.828%	$11K	$2.4M	20x	as long as short
Bybit POLUSDT	−0.0114%	4h	0.1102	−0.846%	$15.8M	$9.3M	75x	as long as short
GRVT POL_USDT_Perp	−0.0082%	4h	0.1099	−1.097%	$1.1M	$2.9M	10x	as long as short
OKX POL-USDT-SWAP	−0.0078%	4h	0.1102	−0.792%	$5.7M	$9.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1099	−1.063%	$3K	—	—	as long as short
Extended POL-USD	0.0000%	1h	0.1102	−0.845%	$92K	$521K	10x	as long as short
MEXC POL_USDT	+0.0002%	4h	0.1101	−0.855%	$25.3M	$3.4M	125x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0002%	4h	0.1102	−0.819%	$16.8M	$35.0M	75x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1101	−0.928%	$9K	—	150x	as long as short
BloFin POL-USDT	+0.0008%	4h	0.1100	−1.017%	$898K	$146K	75x	as long as short
ApeX Omni POLUSDT	+0.0029%	1h	0.1102	−0.810%	$156K	$662K	50x	as long as short
Injective POL/USDC PERPlong	+0.0033%	1h	0.1111	long leg	$3K	$124K	12x
Aevo POL-PERP	+0.0080%	1h	0.1100	−0.945%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.795%	$274K	$543K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1103	−0.720%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1101	−0.921%	$365K	$167K	20x
KuCoin POLUSDTM	+0.0100%	4h	0.1101	−0.936%	$2.9M	$833K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	−0.855%	$4.0M	$3.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1101	−0.855%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.923%	$609K	$167K	—	as long as short
dYdX POL-USD	+0.0145%	1h	0.1101	−0.909%	$23K	$8K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1101	−0.919%	$3K	—	100x	as long as short