Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Aster against ApeX Omni−0.122%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.338%−$34 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now −0.122%, 7d avg +0.023%

Together, before fees−0.549%+ Points / potential airdropAster: Stage 5 · farm board−$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.145% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1104	0.0100	pay 0.0013% / 1h	32m 54s	$195K	$640K	50x
Short	Aster POLUSDT	0.1103	0.0100	get 0.0050% / 4h	2h 32m	$367K	$275K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → +0.023%: −$14.45
Slippage, 4 orders: −$54.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$87.21
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; Aster: live order book, 34 min ago.

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 ApeX Omni live order book, 35 min ago	8.92 bp	17.9 bp −$18	122.5 bp −$1,225	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	7.14 bp	16.1 bp −$16	274.4 bp −$2,744	doesn't fit	doesn't fit

POL on 24 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	−0.0312%	1h	0.1101	−0.272%	$203K	$204K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1102	−0.181%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1104	−0.045%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1103	−0.115%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.634%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0036%	4h	0.1102	−0.181%	$11K	$331K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.162%	$285K	$576K	8x	as long as short
Aster POLUSDTshort	+0.0100%	4h	0.1103	−0.122%	$367K	$275K	20x
Binance POLUSDT	+0.0100%	4h	0.1103	−0.063%	$17.1M	$44.2M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1103	−0.109%	$16.0M	$12.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1103	−0.063%	$5.7M	$10.5M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1103	−0.136%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	−0.054%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1103	−0.118%	$2.9M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1104	−0.027%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1103	−0.118%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.102%	$611K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1105	+0.078%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1104	long leg	$195K	$640K	50x
Extended POL-USD	+0.0104%	1h	0.1103	−0.091%	$95K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	−0.312%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1103	−0.112%	$1.2M	$1.3M	50x	as long as short
Hyperliquid POL	+0.0174%	1h	0.1104	−0.009%	$7.4M	$3.8M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1103	−0.130%	$3K	—	100x	as long as short