Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h +0.082%

Price spread now: dYdX against BloFin+0.078%7-day average — · you sell dearer than you buy

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

Long on BloFin 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—needs both histories

The price spread pays, funding is against you. dYdX is 0.078% dearer against BloFin than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1094	0.0293	pay 0.0147% / 4h	3h 58m	$894K	$146K	75x
Short	dYdX POL-USD	0.1095	0	get 0.0000% / 1h	58m 53s	$19K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$61.59
Price spread: +0.078% → 0.000%: $7.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$75.82
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 18 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 BloFin live order book, 18 min ago	1.38 bp	13.7 bp −$14	18.5 bp −$185	63.7 bp −$6,374	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	−0.0600%	1h	0.1091	−0.283%	$202K	$177K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0475%	1h	0.1093	−0.072%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0214%	4h	0.1093	−0.064%	$1.8M	$1.2M	75x	as long as short
OKX POL-USDT-SWAP	−0.0078%	4h	0.1093	−0.064%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0067%	4h	0.1093	−0.064%	$11K	$2.1M	20x	as long as short
ApeX Omni POLUSDT	−0.0039%	1h	0.1092	−0.192%	$194K	$641K	50x	as long as short
Lighter POL	−0.0008%	1h	0.1093	−0.095%	$276K	$535K	8x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.141%	$2K	—	—	as long as short
dYdX POL-USDshort	0.0000%	1h	0.1095	+0.078%	$19K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1094	+0.006%	$9K	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.545%	$3K	$124K	12x	as long as short
GRVT POL_USDT_Perp	+0.0034%	4h	0.1094	+0.003%	$1.1M	$2.9M	10x	as long as short
Extended POL-USD	+0.0072%	1h	0.1092	−0.155%	$92K	$520K	10x	as long as short
MEXC POL_USDT	+0.0072%	4h	0.1093	−0.101%	$25.1M	$3.4M	125x	as long as short
Binance POLUSDT	+0.0073%	4h	0.1093	−0.101%	$16.7M	$36.3M	75x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1093	−0.101%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.055%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	−0.052%	$362K	$167K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−0.137%	$15.7M	$9.5M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−0.018%	$2.9M	$868K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	−0.091%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1093	−0.073%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	−0.096%	$604K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	−0.008%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0293%	4h	0.1094	long leg	$894K	$146K	75x