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 +0.201%

Price spread now: dYdX against Binance+0.206%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.206% dearer against Binance than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1096	0.0100	pay 0.0050% / 4h	3h 27m	$16.9M	$40.9M	75x
Short	dYdX POL-USD	0.1098	0	get 0.0000% / 1h	27m 36s	$17K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$21
Price spread: +0.206% → 0.000%: $20.63
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$20.37
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	1.37 bp	11.3 bp −$11	26.9 bp −$269	194.4 bp −$19.4K	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	−0.0512%	1h	0.1096	−0.002%	$202K	$199K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1097	+0.107%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1097	+0.078%	$3K	—	—	as long as short
dYdX POL-USDshort	0.0000%	1h	0.1098	+0.206%	$17K	$2K	5x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1098	+0.162%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.367%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1097	+0.117%	$11K	$455K	20x	as long as short
Gate POL_USDT	+0.0088%	4h	0.1097	+0.053%	$1.8M	$1.4M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1097	+0.048%	$279K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1099	+0.226%	$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	0.1097	+0.117%	$364K	$247K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1096	long leg	$16.9M	$40.9M	75x
Bybit POLUSDT	+0.0100%	4h	0.1095	−0.075%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1096	−0.038%	$5.7M	$9.9M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1096	+0.017%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1098	+0.153%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1097	+0.108%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1097	+0.099%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1099	+0.268%	$608K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1098	+0.144%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1097	+0.090%	$195K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1096	+0.003%	$91K	$432K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1095	−0.088%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1098	+0.164%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1099	+0.281%	$906K	$164K	75x	as long as short