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 −0.032%

Price spread now: Reya against Variational Omni+0.005%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni POL	0.1119	0.0100	pay 0.0050% / 4h	3h 34m	$620K	$224K	—
Short	Reya POLRUSDPERP	0.1119	−0.0006	pay 0.0001% / 1h	34m 05s	$3K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +0.005%Rate

Funding earned: −$22.32
Price spread: +0.005% → 0.000%: $0.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$27.79
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 40 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 Variational Omni RFQ quote, 40 min ago	8.93 bp	doesn't fit	35.7 bp −$357	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	0.1120	+0.125%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.262%	$204K	$199K	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1119	+0.005%	$3K	—	—
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	+0.107%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0018%	4h	0.1119	+0.051%	$11K	$172K	20x	as long as short
dYdX POL-USD	+0.0032%	1h	0.1120	+0.126%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.708%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	+0.093%	$294K	$580K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	+0.139%	$372K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1119	+0.031%	$17.2M	$45.1M	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	0.1119	−0.011%	$16.1M	$13.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1119	−0.002%	$5.8M	$10.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	+0.007%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1120	+0.060%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.069%	$3.0M	$998K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.060%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	+0.060%	—	$1.7M	—	as long as short
Variational Omni POLlong	+0.0100%	4h	0.1119	long leg	$620K	$224K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	+0.024%	$1.1M	$3.0M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	+0.096%	$198K	$644K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1119	+0.030%	$93K	$511K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.081%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0133%	1h	0.1121	+0.203%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1120	+0.100%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	+0.060%	$909K	$159K	75x	as long as short