Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.366%

Price spread now: Bitget against dYdX−0.092%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.092% cheaper against dYdX than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1102	0	get 0.0000% / 1h	9m 36s	$17K	$4K	5x
Short	Bitget POLUSDT	0.1101	0.0100	get 0.0050% / 4h	2h 09m	$4.2M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.092%Rate

Funding earned: $21
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$10.19
Costs to cover: 0.220%
Break-even: 10.4 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.18 bp	13.8 bp −$14	26.3 bp −$263	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 24 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	−0.0312%	1h	0.1099	−0.255%	$202K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.082%	$3K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1102	long leg	$17K	$4K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	−0.026%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.834%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0044%	4h	0.1101	−0.110%	$11K	$318K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.080%	$284K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	−0.030%	$366K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	−0.117%	$17.1M	$43.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.137%	$15.9M	$12.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	−0.101%	$5.7M	$10.3M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	−0.047%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.110%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	−0.019%	$2.9M	$991K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1101	−0.092%	$4.2M	$4.8M	50x
BingX POL-USDT	+0.0100%	4h	0.1101	−0.101%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	−0.014%	$610K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1101	−0.058%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1101	−0.074%	$195K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1101	−0.117%	$95K	$443K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.210%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1102	+0.002%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1101	−0.069%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0238%	1h	0.1103	+0.117%	$7.4M	$3.7M	5x	as long as short