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= +10.7% APRpaid last 24h −0.388%

Price spread now: Gate against dYdX−0.131%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 Gate

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. Gate is 0.131% cheaper against dYdX than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.5 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	0.1119	0.0002	pay 0.0000% / 1h	34m 07s	$17K	$3K	5x
Short	Gate POL_USDT	0.1118	0.0100	get 0.0050% / 4h	34m 07s	$1.9M	$1.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.131%Rate

Funding earned: $20.57
Price spread: −0.131% → 0.000%: −$13.1
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.53
Costs to cover: 0.250%
Break-even: 13.0 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	4.02 bp	22.0 bp −$22	187.0 bp −$1,870	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	−0.0128%	1h	0.1117	−0.185%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1118	−0.065%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1117	−0.164%	$3K	—	—	as long as short
dYdX POL-USDlong	+0.0002%	1h	0.1119	long leg	$17K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1118	−0.076%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0007%	4h	0.1118	−0.122%	$11K	$190K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.721%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1118	−0.085%	$298K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1119	−0.036%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1118	−0.104%	$17.2M	$50.4M	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	0.1117	−0.158%	$16.1M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1118	−0.140%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1118	−0.131%	$1.9M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1118	−0.113%	$24.3M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1118	−0.086%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1117	−0.149%	$4.1M	$5.5M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1118	−0.122%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1117	−0.160%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.032%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	−0.006%	$197K	$655K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1117	−0.150%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1116	−0.262%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1118	−0.078%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0293%	1h	0.1120	+0.048%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1118	−0.131%	$911K	$168K	75x	as long as short