The recent experimental realization of dipolar Fermi gases near or below quantum degeneracy provides an opportunity to engineer Hubbard-like models with long-range interactions. Motivated by these experiments, we chart out the theoretical phase diagram of interacting dipolar fermions on the square lattice at zero temperature and half filling. We show that, in addition to p-wave superfluid and charge density wave order, two new and exotic types of bond order emerge generically in dipolar fermion systems. These phases feature homogeneous density but periodic modulations of the kinetic hopping energy between nearest or next-nearest neighbors. Similar, but manifestly different, phases of two-dimensional correlated electrons have previously only been hypothesized and termed "density waves of nonzero angular momentum." Our results suggest that these phases can be constructed flexibly with dipolar fermions, using currently available experimental techniques.
We show that unconventional spin order arises naturally in two-component dipolar Fermi gases of atoms or molecules, which recently became accessible experimentally, in optical lattices. Using an unbiased functional renormalization-group analysis, we find that dipolar interactions lead to an instability of the gas toward an $\ensuremath{\ell}=1$ spin-density wave state. This phase is the particle-hole analog of spin-triplet,
p-wave Cooper pairs. The order parameter for such spin-density waves of
p-wave orbital symmetry is a vector in spin space and, moreover, is defined on lattice bonds rather than on lattice sites. We determine the rich quantum phase diagram of dipolar fermions at half filling on the square lattice as a function of the dipolar orientation and discuss how these exotic spin-density waves emerge amidst competition with superfluid and charge-density wave phases.