Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.364%

Price spread now: Variational Omni against dYdX−0.162%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.162% cheaper against dYdX than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 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	0.1115	0	get 0.0000% / 1h	55m 07s	$17K	$3K	5x
Short	Variational Omni POL	0.1114	0.0100	get 0.0050% / 4h	2h 55m	$658K	$260K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.162%Rate

Funding earned: $21
Price spread: −0.162% → 0.000%: −$16.19
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.19
Costs to cover: 0.100%
Break-even: 8.7 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 34 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 Variational Omni RFQ quote, 34 min ago	8.94 bp	doesn't fit	35.7 bp −$357	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	−0.0080%	1h	0.1113	−0.224%	$203K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1117	+0.159%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0043%	4h	0.1117	+0.099%	$11K	$213K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1116	+0.011%	$3K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1115	long leg	$17K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1117	+0.091%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	−0.224%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0068%	4h	0.1115	−0.083%	$1.1M	$3.5M	10x	as long as short
ApeX Omni POLUSDT	+0.0084%	1h	0.1115	−0.045%	$197K	$659K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1117	+0.118%	$322K	$549K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1118	+0.215%	$7.6M	$4.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1115	−0.046%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1116	+0.081%	$17.0M	$52.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1115	−0.063%	$16.1M	$16.6M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1114	−0.117%	$5.8M	$12.3M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1114	−0.090%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1116	+0.090%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1115	−0.018%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1115	−0.054%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1116	+0.018%	—	$7.3M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1114	−0.162%	$658K	$260K	—
Extended POL-USD	+0.0104%	1h	0.1116	+0.068%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1115	0.000%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1116	+0.087%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	+0.090%	$909K	$169K	75x	as long as short