Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h −0.313%

Price spread now: BloFin against dYdX−0.120%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 BloFin

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. BloFin is 0.120% cheaper against dYdX than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 28 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1110	0	get 0.0000% / 1h	50m 05s	$17K	$4K	5x
Short	BloFin POL-USDT	0.1109	0.0340	get 0.0170% / 4h	2h 50m	$911K	$155K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.120%Rate

Funding earned: $71.4
Price spread: −0.120% → 0.000%: −$12.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $37.39
Costs to cover: 0.220%
Break-even: 3.3 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 17 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 BloFin live order book, 17 min ago	0.89 bp	8.8 bp −$9	14.0 bp −$140	51.0 bp −$5,102	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	−0.0312%	1h	0.1103	−0.652%	$203K	$202K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1110	+0.002%	$3K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1110	long leg	$17K	$4K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1111	+0.074%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.069%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0034%	4h	0.1111	+0.042%	$11K	$202K	20x	as long as short
ApeX Omni POLUSDT	+0.0050%	1h	0.1108	−0.201%	$196K	$643K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1111	+0.099%	$287K	$575K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1110	+0.023%	$369K	$275K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1111	+0.072%	$17.1M	$44.0M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1110	+0.015%	$16.0M	$12.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1111	+0.078%	$5.7M	$10.5M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1111	+0.051%	$1.8M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1111	+0.078%	$24.0M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1111	+0.051%	$2.9M	$986K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1111	+0.069%	$4.1M	$4.8M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1111	+0.033%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1108	−0.230%	$614K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1108	−0.201%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1111	+0.052%	$92K	$447K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1110	−0.044%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0108%	1h	0.1113	+0.267%	$7.5M	$3.9M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0116%	1h	0.1112	+0.146%	$1.2M	$1.3M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1111	+0.085%	$3K	—	100x	as long as short
BloFin POL-USDTshort	+0.0340%	4h	0.1109	−0.120%	$911K	$155K	75x