Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h +0.082%

Price spread now: dYdX against BloFin+0.035%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.035% dearer against BloFin than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1091	0.0337	pay 0.0168% / 4h	17m 06s	$898K	$146K	75x
Short	dYdX POL-USD	0.1092	0	get 0.0000% / 1h	17m 06s	$19K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$70.69
Price spread: +0.035% → 0.000%: $3.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$89.19
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 65 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 BloFin live order book, 65 min ago	0.46 bp	8.6 bp −$9	14.3 bp −$143	67.2 bp −$6,719	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	−0.0544%	1h	0.1087	−0.385%	$201K	$176K	50x	as long as short
Gate POL_USDT	−0.0260%	4h	0.1090	−0.064%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1092	+0.033%	$1.1M	$996K	50x	as long as short
OKX POL-USDT-SWAP	−0.0077%	4h	0.1092	+0.110%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0044%	4h	0.1091	−0.018%	$11K	$2.0M	20x	as long as short
ApeX Omni POLUSDT	−0.0034%	1h	0.1089	−0.202%	$193K	$642K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1091	−0.041%	$2K	—	—	as long as short
dYdX POL-USDshort	0.0000%	1h	0.1092	+0.035%	$19K	$3K	5x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1092	+0.076%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.815%	$3K	$124K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT POL_USDT_Perp	+0.0036%	4h	0.1090	−0.083%	$1.1M	$2.8M	10x	as long as short
Bybit POLUSDT	+0.0068%	4h	0.1091	0.000%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0092%	4h	0.1091	−0.018%	$24.9M	$3.4M	125x	as long as short
Lighter POL	+0.0096%	1h	0.1091	−0.013%	$276K	$544K	8x	as long as short
Extended POL-USD	+0.0096%	1h	0.1091	−0.028%	$91K	$522K	10x	as long as short
Binance POLUSDT	+0.0097%	4h	0.1092	+0.037%	$16.7M	$36.3M	75x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1093	+0.165%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	+0.084%	$362K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1091	+0.009%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1092	+0.064%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1091	+0.009%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1087	−0.384%	$601K	$166K	—	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.110%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1092	+0.073%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0337%	4h	0.1091	long leg	$898K	$146K	75x