Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.175%

Price spread now: Variational Omni against dYdX+0.107%7-day average — · you sell dearer than you buy

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 4 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.107% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1094	0	get 0.0000% / 1h	56m 14s	$19K	$3K	5x
Short	Variational Omni POL	0.1095	0.0100	get 0.0050% / 4h	1h 56m	$605K	$167K	—

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 +0.107%Rate

Funding earned: $21
Price spread: +0.107% → 0.000%: $10.66
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.66
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 53 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, 53 min ago	9.16 bp	doesn't fit	36.6 bp −$366	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	−0.0472%	1h	0.1092	−0.163%	$202K	$203K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1094	−0.025%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0220%	4h	0.1092	−0.163%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.088%	$2K	—	—	as long as short
dYdX POL-USDlong	0.0000%	1h	0.1094	long leg	$19K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.009%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0031%	4h	0.1093	−0.053%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.574%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1093	−0.074%	$276K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1094	+0.020%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1093	−0.041%	$362K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	−0.103%	$16.7M	$37.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−0.108%	$15.7M	$10.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1093	−0.108%	$5.7M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	−0.108%	$24.6M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.029%	$2.9M	$938K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	−0.062%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1092	−0.117%	—	$1.6M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1095	+0.107%	$605K	$167K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1096	+0.166%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1096	+0.203%	$195K	$634K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	−0.109%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.203%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.004%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1096	+0.194%	$898K	$155K	75x	as long as short