Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.309%

Price spread now: dYdX against OKX+0.118%7-day average — · you sell dearer than you buy

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

Long on OKX Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.118% dearer against OKX than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1105	0.0100	pay 0.0050% / 4h	1h 15m	$5.7M	$10.1M	50x
Short	dYdX POL-USD	0.1106	0	get 0.0000% / 1h	15m 02s	$17K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$21
Price spread: +0.118% → 0.000%: $11.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; dYdX: no order-book sample. 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 OKX live order book, 3 min ago	0.90 bp	15.7 bp −$16	58.9 bp −$589	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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	−0.0464%	1h	0.1098	−0.633%	$202K	$198K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.020%	$3K	—	—	as long as short
dYdX POL-USDshort	0.0000%	1h	0.1106	+0.118%	$17K	$1K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	+0.052%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.543%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1105	+0.027%	$11K	$294K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1106	+0.081%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1106	+0.050%	$367K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1105	+0.020%	$17.2M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.036%	$15.9M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1105	long leg	$5.7M	$10.1M	50x
Gate POL_USDT	+0.0100%	4h	0.1105	−0.027%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	+0.063%	$24.0M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	+0.063%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	+0.063%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1105	+0.018%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1105	+0.003%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1106	+0.130%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	+0.090%	$196K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1105	−0.008%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.090%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1105	+0.043%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0225%	1h	0.1108	+0.226%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1106	+0.123%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.063%	$915K	$167K	75x	as long as short