Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.439%

Price spread now: Orderly against dYdX−0.018%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 Orderly

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1121	0.0026	pay 0.0003% / 1h	28m 19s	$17K	$3K	5x
Short	Orderly PERP_POL_USDC	0.1121	0.0019	get 0.0009% / 4h	3h 28m	$11K	$168K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.018%Rate

Funding earned: −$1.51
Price spread: −0.018% → 0.000%: −$1.78
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Orderly: 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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX and Orderly: 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
Kraken Futures PF_POLUSD	−0.0239%	1h	0.1122	+0.083%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.482%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.006%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.045%	$24K	—	150x	as long as short
Orderly PERP_POL_USDCshort	+0.0019%	4h	0.1121	−0.018%	$11K	$168K	20x
dYdX POL-USDlong	+0.0026%	1h	0.1121	long leg	$17K	$3K	5x
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.927%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1122	+0.079%	$293K	$582K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	−0.009%	$373K	$303K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1121	−0.002%	$17.2M	$44.6M	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	0.1121	−0.018%	$16.1M	$13.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.062%	$5.8M	$10.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.089%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	+0.054%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.018%	$3.0M	$989K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+0.018%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	−0.009%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.225%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.169%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1119	−0.214%	$198K	$644K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.026%	$93K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.119%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0122%	1h	0.1123	+0.178%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	+0.042%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.169%	$911K	$159K	75x	as long as short