Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0122%/8h= −13.3% APRnext payment $0.15 per $10,000 · paid last 24h −0.153%
Price spread now: Coinbase International against Reya−0.107%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno 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 −$4 a day on $10k at the current rate, and Coinbase International is 0.107% cheaper against Reya than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya POLRUSDPERP0.1123−0.0006get 0.0001% / 1h6m 44s$3K
ShortCoinbase International POL-PERP-INTX0.1122−0.0128pay 0.0016% / 1h6m 44s$205K$236K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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

Funding earned
−$25.56
Price spread: −0.107% → 0.000%
−$10.67
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$52.23
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Coinbase International live order book, 11 min ago8.88 bp37.3 bp −$37doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POL/USDC PERP−0.0162%1h0.1111−1.086%$3K$124K12xas long as short
Coinbase International POL-PERP-INTXshort−0.0128%1h0.1122−0.107%$205K$236K50x
Kraken Futures PF_POLUSD−0.0071%1h0.1125+0.118%$1.2M$1.8M50xas long as short
Orderly PERP_POL_USDC−0.0010%4h0.1123−0.018%$11K$196K20xas long as short
Reya POLRUSDPERPlong−0.0006%1h0.1123long leg$3K
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1124+0.060%$24K150xas long as short
dYdX POL-USD+0.0013%1h0.1124+0.070%$17K$3K5xas long as short
Lighter POL+0.0096%1h0.1124+0.097%$300K$577K8xas long as short
Aster POLUSDT+0.0100%4h0.1124+0.044%$373K$360K20xas long as short
Binance POLUSDT+0.0100%4h0.1124+0.095%$17.4M$51.0M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDT+0.0100%4h0.1124+0.027%$16.2M$15.6M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1123+0.009%$5.8M$12.0M50xas long as short
Gate POL_USDT+0.0100%4h0.1123−0.053%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1124+0.089%$23.7M$3.9M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1123+0.018%$2.8M$1.0M50xas long as short
Bitget POLUSDT+0.0100%4h0.1124+0.080%$4.2M$5.8M50xas long as short
BingX POL-USDT+0.0100%4h0.1123+0.018%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1123−0.036%$663K$191Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1124+0.076%$1.1M$3.3M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1124+0.071%$199K$656K50xas long as short
Extended POL-USD+0.0104%1h0.1124+0.087%$94K$427K10xas long as short
Aevo POL-PERP+0.0104%1h0.1122−0.123%$41K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0211% / S −0.0606%1h0.1124+0.064%$3K100xas long as short
Hyperliquid POL+0.0248%1h0.1126+0.285%$7.6M$4.0M5xas long as short
BloFin POL-USDT+0.0340%4h0.1123−0.053%$914K$169K75xas long as short