Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.202%

Price spread now: MEXC against dYdX−0.136%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 6 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 0.136% cheaper against dYdX than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 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	0.1105	0	get 0.0000% / 1h	46m 06s	$17K	$2K	5x
Short	MEXC POL_USDT	0.1104	0.0100	get 0.0050% / 4h	3h 46m	$24.8M	$3.5M	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 −0.136%Rate

Funding earned: $21
Price spread: −0.136% → 0.000%: −$13.57
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.57
Costs to cover: 0.100%
Break-even: 7.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	0.45 bp	4.4 bp −$4	28.6 bp −$286	79.2 bp −$7,925	153.0 bp −$76.5K

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	−0.0512%	1h	0.1098	−0.633%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1104	−0.103%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1103	−0.161%	$3K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1105	long leg	$17K	$2K	5x
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1104	−0.081%	$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	0.1103	−0.172%	$11K	$243K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1104	−0.110%	$281K	$540K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1105	−0.003%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1105	−0.044%	$367K	$247K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1103	−0.151%	$17.1M	$41.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1103	−0.190%	$15.9M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1103	−0.163%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1103	−0.190%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDTshort	+0.0100%	4h	0.1104	−0.136%	$24.8M	$3.5M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1104	−0.063%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1104	−0.081%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1103	−0.145%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.203%	$611K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1104	−0.054%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	+0.090%	$196K	$640K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1103	−0.174%	$92K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1102	−0.271%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	−0.108%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1105	0.000%	$906K	$169K	75x	as long as short