Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0127%/8h= −14.0% APRpaid last 24h −0.208%

Price spread now: Aster against dYdX+0.038%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.038% dearer against dYdX than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1102	0.0227	pay 0.0028% / 1h	31m 19s	$17K	$2K	5x
Short	Aster POLUSDT	0.1102	0.0100	get 0.0050% / 4h	31m 19s	$366K	$271K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$26.76
Price spread: +0.038% → 0.000%: $3.84
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Aster: live order book, 26 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 26 min ago	7.28 bp	21.6 bp −$22	302.7 bp −$3,027	doesn't fit	doesn't fit

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	−0.0520%	1h	0.1091	−0.980%	$201K	$195K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1102	−0.007%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1103	+0.065%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.835%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1102	0.000%	$11K	$260K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1103	+0.064%	$281K	$554K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1102	+0.038%	$366K	$271K	20x
Binance POLUSDT	+0.0100%	4h	0.1103	+0.079%	$17.1M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1102	+0.036%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1103	+0.127%	$5.7M	$10.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1102	−0.009%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	+0.091%	$24.5M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1103	+0.109%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1103	+0.063%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1102	0.000%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	−0.816%	$606K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	−0.580%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1099	−0.254%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1102	+0.011%	$95K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.118%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0167%	1h	0.1104	+0.181%	$7.5M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.052%	$3K	—	100x	as long as short
dYdX POL-USDlong	+0.0227%	1h	0.1102	long leg	$17K	$2K	5x
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1103	+0.085%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1102	+0.018%	$910K	$169K	75x	as long as short