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

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0613%/8h= +67.1% APRnext payment +$0.77 per $10,000 · paid last 24h +0.194%
Price spread now: GMX against Reya+0.092%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$18 a day on $10k at the current rate, and GMX is 0.092% dearer against Reya than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya POLRUSDPERP0.1118−0.0006get 0.0001% / 1h49m 21s$3K
ShortGMX POL/USD [ETH-USDC]0.1119L +0.0211% / S −0.0606%get 0.0076% / 1h49m 21s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$128.64
Price spread: +0.092% → 0.000%
$9.17
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
$119.82
Costs to cover
0.180%
Break-even
0.5 days
Slippage unknown: Reya: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell GMX no order-book sample
Reya and GMX: 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%1h0.1111−0.588%$3K$124K12xas long as short
Coinbase International POL-PERP-INTX−0.0128%1h0.1111−0.588%$202K$250K50xas long as short
Kraken Futures PF_POLUSD−0.0072%1h0.1119+0.106%$1.2M$1.8M50xas long as short
Orderly PERP_POL_USDC−0.0026%4h0.1118+0.011%$11K$203K20xas long as short
Reya POLRUSDPERPlong−0.0006%1h0.1118long leg$3K
dYdX POL-USD0.0000%1h0.1119+0.118%$17K$3K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0006%1h0.1119+0.117%$22K150xas long as short
Lighter POL+0.0096%1h0.1118+0.076%$305K$563K8xas long as short
Aster POLUSDT+0.0100%4h0.1119+0.131%$372K$359K20xas long as short
Binance POLUSDT+0.0100%4h0.1118+0.065%$17.1M$51.4M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDT+0.0100%4h0.1118+0.029%$16.1M$16.0M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1118+0.011%$5.8M$12.1M50xas long as short
Gate POL_USDT+0.0100%4h0.1117−0.025%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1118+0.020%$23.6M$3.8M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1118+0.056%$2.8M$1.1M50xas long as short
Bitget POLUSDT+0.0100%4h0.1119+0.110%$4.2M$5.9M50xas long as short
BingX POL-USDT+0.0100%4h0.1118+0.029%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1119+0.119%$661K$211Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1119+0.151%$1.1M$3.4M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1122+0.396%$199K$661K50xas long as short
Extended POL-USD+0.0104%1h0.1118−0.005%$93K$427K10xas long as short
Aevo POL-PERP+0.0104%1h0.1117−0.051%$41K3xas long as short
Hyperliquid POL+0.0156%1h0.1120+0.226%$7.6M$4.6M5xas long as short
GMX POL/USD [ETH-USDC]shortL +0.0211% / S −0.0606%1h0.1119+0.092%$3K100x
BloFin POL-USDT+0.0340%4h0.1118+0.020%$903K$168K75xas long as short