Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.378%

Price spread now: MEXC against dYdX−0.122%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 MEXC

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. MEXC is 0.122% cheaper against dYdX than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.1 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	0.1127	0	get 0.0000% / 1h	34m 45s	$17K	$3K	5x
Short	MEXC POL_USDT	0.1125	0.0100	get 0.0050% / 4h	1h 34m	$23.8M	$3.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.122%Rate

Funding earned: $21
Price spread: −0.122% → 0.000%: −$12.21
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.21
Costs to cover: 0.100%
Break-even: 7.4 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago	0.89 bp	6.4 bp −$6	20.1 bp −$201	83.9 bp −$8,387	138.9 bp −$69.4K

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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.409%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1126	−0.078%	$205K	$233K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1127	+0.017%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0022%	4h	0.1127	−0.024%	$11K	$200K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1127	−0.029%	$3K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1127	long leg	$17K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1127	+0.015%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1126	−0.082%	$307K	$570K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1126	−0.077%	$374K	$357K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1125	−0.122%	$17.2M	$51.5M	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	0.1125	−0.158%	$16.2M	$15.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1125	−0.158%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1125	−0.149%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1125	−0.122%	$23.8M	$3.8M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1126	−0.104%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1126	−0.095%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1125	−0.131%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1125	−0.156%	$664K	$193K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1126	−0.076%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1126	−0.078%	$199K	$658K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1125	−0.141%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1125	−0.146%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0154%	1h	0.1128	+0.082%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1127	+0.032%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1127	−0.016%	$905K	$170K	75x	as long as short