Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.026%

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

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

Long on MEXC 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.034% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC POL_USDT	0.1096	0.0100	pay 0.0050% / 4h	2h 05m	$24.7M	$3.2M	125x
Short	Reya POLRUSDPERP	0.1096	−0.0006	pay 0.0001% / 1h	5m 49s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.034%Rate

Funding earned: −$22.3
Price spread: −0.034% → 0.000%: −$3.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$31.74
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.37 bp	5.3 bp −$5	11.8 bp −$118	73.0 bp −$7,300	154.0 bp −$77.0K
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
Coinbase International POL-PERP-INTX	−0.0480%	1h	0.1093	−0.319%	$201K	$202K	50x	as long as short
Gate POL_USDT	−0.0188%	4h	0.1096	−0.046%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1098	+0.101%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1096	−0.034%	$3K	—	—
dYdX POL-USD	0.0000%	1h	0.1096	−0.056%	$19K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1097	+0.047%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0033%	4h	0.1096	−0.018%	$11K	$1.0M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.322%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1097	+0.071%	$277K	$545K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1099	+0.182%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1097	+0.081%	$364K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1097	+0.082%	$16.8M	$38.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1096	−0.027%	$15.7M	$10.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1097	+0.018%	$5.6M	$9.6M	50x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1096	long leg	$24.7M	$3.2M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1097	+0.036%	$2.9M	$940K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1098	+0.091%	$4.1M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1097	+0.055%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1096	−0.049%	$606K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1097	+0.046%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1098	+0.137%	$195K	$630K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1097	+0.036%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1096	−0.068%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1097	+0.041%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1095	−0.128%	$886K	$157K	75x	as long as short