data as of
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Price arb /

POL

all POL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.141%
7d average—if it closes, per $10,000$14funding while held, a day+$29.09
Long on BybitShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POLUSDT0.11340.0048pay 0.0024% / 4h4m 36s$16.3M$17.2M75x
ShortdYdX POL-USD0.11350.1018get 0.0127% / 1h4m 36s$17K$3K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$14.11
Funding while held
$29.09
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee dYdX: 5 bp × 2 orders
−$10
Net
$22.21
Spread needed to break even
0.210%
Slippage unknown: Bybit: live order book, just now; dYdX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0970%
Per $10,000 a day
+$29.09
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, just now0.44 bp11.0 bp −$1132.6 bp −$326doesn't fitdoesn'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 price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1131cheapest
Bybit0.1134+0.239%
Aevo0.1134+0.245%Gate0.1134+0.248%Extended0.1134+0.256%MEXC0.1134+0.256%Binance0.1134+0.272%OKX0.1134+0.274%BingX0.1134+0.301%Reya0.1135+0.324%KuCoin0.1135+0.354%ApeX Omni0.1135+0.354%Orderly0.1135+0.354%BloFin0.1135+0.354%Lighter0.1135+0.360%Bitget0.1135+0.363%
dYdX0.1135+0.380%
GMX0.1136+0.434%Coinbase International0.1136+0.442%gTrade (Gains Network)0.1136+0.465%Kraken Futures0.1136+0.472%Aster0.1136+0.482%Variational Omni0.1137+0.535%Hyperliquid0.1137+0.548%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective POL/USDC PERP−0.238%+0.0033%1h$3K$176K12xas long as short
Bybit POLUSDTlong0.000%+0.0048%4h$16.3M$17.2M75x
Aevo POL-PERP+0.006%+0.0104%1h$42K—3xas long as short
Gate POL_USDT+0.009%−0.0096%4h$1.9M$1.5M75xas long as short
Extended POL-USD+0.017%+0.0104%1h$95K$450K10xas long as short
MEXC POL_USDT+0.018%+0.0100%4h$23.6M$4.1M125xas long as short
Binance POLUSDT+0.033%+0.0100%4h$17.4M$55.7M75xas long as short
OKX POL-USDT-SWAP+0.035%−0.0064%4h$5.9M$12.9M50xas long as short
BingX POL-USDC+0.062%+0.0100%4h—$1.6M—as long as short
Reya POLRUSDPERP+0.085%−0.0006%1h$3K——as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin POLUSDTM+0.115%+0.0100%4h$3.3M$1.1M50xas long as short
ApeX Omni POLUSDT+0.115%−0.0086%1h$201K$647K50xas long as short
Orderly PERP_POL_USDC+0.115%−0.0124%4h$11K$273K20xas long as short
BloFin POL-USDT+0.115%+0.0340%4h$944K$189K75xas long as short
Lighter POL+0.121%+0.0096%1h$333K$542K8xas long as short
Bitget POLUSDT+0.123%+0.0100%4h$4.3M$6.2M50xas long as short
dYdX POL-USDshort+0.141%+0.1018%1h$17K$3K5x
GMX POL/USD [ETH-USDC]+0.195%L +0.0215% / S −0.0699%1h$3K—100xas long as short
Coinbase International POL-PERP-INTX+0.203%−0.0504%1h$238K$267K50xas long as short
gTrade (Gains Network) POL/USD+0.226%L +0.0004% / S −0.0006%1h$22K—150xas long as short
Kraken Futures PF_POLUSD+0.232%+0.0010%1h$1.3M$1.8M50xas long as short
Aster POLUSDT+0.243%+0.0100%4h$382K$558K20xas long as short
Variational Omni POL+0.295%+0.0100%4h$676K$319K—as long as short
Hyperliquid POL+0.309%+0.0100%1h$6.8M$4.7M5xas long as short