Spread before costs (cost unknown: a leg has no order-book sample)+0.133%
7d average—if it closes, per $10,000$13funding while held, a day+$37.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POLUSD | 0.1131 | 0.0063 | pay 0.0008% / 1h | 31m 21s | $1.3M | $1.7M | 50x |
| Short | dYdX POL-USD | 0.1133 | 0.1309 | get 0.0164% / 1h | 31m 21s | $17K | $3K | 5x |
Kraken Futures PF_POLUSD
dYdX POL-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $13.32
- Funding while held
- $37.37
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $30.69
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: live order book, 4 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1246%
- Per $10,000 a day
- +$37.37
- Average in range /8h
- —
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 Kraken Futures live order book, 4 min ago | 5.31 bp | 24.4 bp −$24 | 65.8 bp −$658 | doesn't fit | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.1127cheapestAevo0.1128+0.049%ApeX Omni0.1129+0.162%Coinbase International0.1129+0.162%BloFin0.1130+0.233%Bybit0.1130+0.251%OKX0.1130+0.251%Orderly0.1130+0.260%Extended0.1130+0.285%Reya0.1131+0.331%Injective0.1131+0.339%Bitget0.1131+0.357%
Variational Omni
Aevo
ApeX Omni
Coinbase International
BloFin
Bybit
OKX
Orderly
Extended
Reya
Injective
BitgetKraken Futures0.1131+0.359%
Gate0.1131+0.366%Lighter0.1131+0.371%MEXC0.1131+0.375%Binance0.1131+0.375%BingX0.1132+0.402%GMX0.1132+0.402%gTrade (Gains Network)0.1132+0.402%Aster0.1133+0.484%KuCoin0.1133+0.490%
Gate
Lighter
MEXC
Binance
BingX
GMX
gTrade (Gains Network)
Aster
KuCoindYdX0.1133+0.493%
Hyperliquid0.1134+0.588%
HyperliquidPOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni POL | −0.358% | +0.0100% | 4h | $705K | $283K | — | as long as short |
| Aevo POL-PERP | −0.309% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| ApeX Omni POLUSDT | −0.196% | −0.0074% | 1h | $200K | $643K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.196% | −0.0616% | 1h | $252K | $245K | 50x | as long as short |
| BloFin POL-USDT | −0.126% | +0.0340% | 4h | $930K | $181K | 75x | as long as short |
| Bybit POLUSDT | −0.108% | +0.0100% | 4h | $16.2M | $16.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | −0.108% | +0.0100% | 4h | $5.8M | $12.5M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.099% | −0.0145% | 4h | $11K | $287K | 20x | as long as short |
| Extended POL-USD | −0.074% | +0.0104% | 1h | $96K | $448K | 10x | as long as short |
| Reya POLRUSDPERP | −0.028% | −0.0006% | 1h | $3K | — | — | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.020% | −0.0521% | 1h | $3K | $220K | 12x | as long as short |
| Bitget POLUSDT | −0.002% | +0.0100% | 4h | $4.3M | $5.9M | 50x | as long as short |
| Kraken Futures PF_POLUSDlong | 0.000% | +0.0063% | 1h | $1.3M | $1.7M | 50x | |
| Gate POL_USDT | +0.007% | +0.0048% | 4h | $1.9M | $1.6M | 75x | as long as short |
| Lighter POL | +0.012% | +0.0096% | 1h | $364K | $480K | 8x | as long as short |
| MEXC POL_USDT | +0.016% | +0.0100% | 4h | $22.9M | $3.8M | 125x | as long as short |
| Binance POLUSDT | +0.016% | +0.0100% | 4h | $17.4M | $53.8M | 75x | as long as short |
| BingX POL-USDC | +0.042% | +0.0100% | 4h | — | $1.6M | — | as long as short |
| GMX POL/USD [ETH-USDC] | +0.042% | L +0.0215% / S −0.0699% | 1h | $3K | — | 100x | as long as short |
| gTrade (Gains Network) POL/USD | +0.043% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
| Aster POLUSDT | +0.124% | +0.0100% | 4h | $401K | $534K | 20x | as long as short |
| KuCoin POLUSDTM | +0.131% | +0.0100% | 4h | $3.3M | $1.1M | 50x | as long as short |
| dYdX POL-USDshort | +0.133% | +0.1309% | 1h | $17K | $3K | 5x | |
| Hyperliquid POL | +0.228% | +0.0108% | 1h | $6.6M | $4.4M | 5x | as long as short |