Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h +0.378%

Price spread now: dYdX against Binance+0.027%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1121	0.0100	pay 0.0050% / 4h	27m 16s	$17.2M	$50.1M	75x
Short	dYdX POL-USD	0.1121	0.0002	get 0.0000% / 1h	27m 16s	$17K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$20.67
Price spread: +0.027% → 0.000%: $2.68
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$37.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	0.45 bp	10.5 bp −$11	23.3 bp −$233	187.9 bp −$18.8K	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	−0.0128%	1h	0.1117	−0.330%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1121	+0.050%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	−0.052%	$3K	—	—	as long as short
dYdX POL-USDshort	+0.0002%	1h	0.1121	+0.027%	$17K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1121	+0.036%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0009%	4h	0.1120	−0.027%	$11K	$189K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.866%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1121	+0.026%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.042%	$372K	$353K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1121	long leg	$17.2M	$50.1M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.080%	$16.2M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.018%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.045%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1120	−0.036%	$24.3M	$3.9M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	+0.027%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	−0.009%	$4.2M	$5.4M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	−0.027%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	−0.257%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.166%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1120	−0.062%	$198K	$654K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	−0.046%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.160%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1121	+0.022%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0289%	1h	0.1123	+0.170%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.045%	$912K	$169K	75x	as long as short