Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.167%

Price spread now: dYdX against Aster+0.085%7-day average — · you sell dearer than you buy

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

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.085% dearer against Aster than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1092	0.0100	pay 0.0050% / 4h	1h 43m	$362K	$240K	20x
Short	dYdX POL-USD	0.1093	0	get 0.0000% / 1h	43m 14s	$19K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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 AsterbpFee dYdXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$21
Price spread: +0.085% → 0.000%: $8.53
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.47
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 64 min ago; dYdX: 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 Aster live order book, 64 min ago	11.46 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0472%	1h	0.1088	−0.410%	$201K	$203K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0380%	1h	0.1092	−0.015%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0290%	4h	0.1092	−0.081%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.051%	$2K	—	—	as long as short
dYdX POL-USDshort	0.0000%	1h	0.1093	+0.085%	$19K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1093	+0.064%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0030%	4h	0.1092	−0.017%	$11K	$1.2M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.695%	$3K	$124K	12x	as long as short
OKX POL-USDT-SWAP	+0.0074%	4h	0.1092	−0.062%	$5.7M	$9.5M	50x	as long as short
Lighter POL	+0.0096%	1h	0.1092	−0.035%	$276K	$543K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1094	+0.130%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1092	long leg	$362K	$240K	20x
Binance POLUSDT	+0.0100%	4h	0.1092	−0.034%	$16.6M	$37.7M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.053%	$15.7M	$10.1M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1092	−0.008%	$24.6M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.020%	$2.9M	$940K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.029%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1092	−0.017%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1089	−0.277%	$602K	$167K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1092	−0.053%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1092	−0.044%	$194K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.056%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.149%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.038%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1093	+0.066%	$899K	$149K	75x	as long as short