Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.014%

Price spread now: Binance against ApeX Omni−0.072%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now −0.072%, 7d avg −0.014%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.058% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.192% in total (about -10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1113	−0.0185	get 0.0023% / 1h	51m 09s	$197K	$660K	50x
Short	Binance POLUSDT	0.1112	0.0100	get 0.0050% / 4h	2h 51m	$17.0M	$52.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.072%Rate

Funding earned: $59.76
Price spread: −0.072% → −0.014%: −$5.77
Slippage, 4 orders: −$36.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.65
Costs to cover: 0.566%
Break-even: 7.3 days

Slippage from ApeX Omni: live order book, 37 min ago; Binance: live order book, 6 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, 37 min ago	8.94 bp	18.1 bp −$18	122.4 bp −$1,224	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.45 bp	10.7 bp −$11	27.9 bp −$279	134.4 bp −$13.4K	doesn't fit

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
ApeX Omni POLUSDTlong	−0.0185%	1h	0.1113	long leg	$197K	$660K	50x
Coinbase International POL-PERP-INTX	−0.0080%	1h	0.1111	−0.180%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1113	−0.043%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0045%	4h	0.1112	−0.108%	$11K	$212K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1112	−0.094%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1113	+0.003%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0011%	1h	0.1113	+0.017%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	0.000%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0068%	4h	0.1116	+0.247%	$1.1M	$3.5M	10x	as long as short
OKX POL-USDT-SWAP	+0.0084%	4h	0.1112	−0.090%	$5.7M	$12.2M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1112	−0.083%	$311K	$559K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1114	+0.054%	$7.5M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1113	+0.011%	$370K	$383K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1112	−0.072%	$17.0M	$52.3M	75x
Bybit POLUSDT	+0.0100%	4h	0.1112	−0.099%	$16.0M	$16.5M	75x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1113	0.000%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1112	−0.117%	$23.3M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1113	−0.036%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1112	−0.072%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1111	−0.135%	—	$7.3M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1114	+0.062%	$658K	$260K	—	as long as short
Extended POL-USD	+0.0104%	1h	0.1112	−0.125%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1111	−0.183%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1113	−0.029%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1112	−0.063%	$904K	$168K	75x	as long as short