Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: BingX against ApeX Omni+0.071%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1581.580% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.115%−$12 · spread now +0.071%, 7d avg −0.026%

Together, before fees−0.075%−$8 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: BingX is 0.097% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1120	0.0100	pay 0.0013% / 1h	29m 26s	$198K	$656K	50x
Short	BingX POL-USDC	0.1121	0.0100	get 0.0050% / 4h	29m 26s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.026%: $9.74
Slippage, 4 orders: −$138
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$148.26
Costs to cover: 1.580%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; BingX: live order book, 3 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, 49 min ago	8.89 bp	18.2 bp −$18	135.6 bp −$1,356	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.47 bp	69.0 bp −$69	511.6 bp −$5,116	1197.1 bp −$119.7K	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
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1117	−0.268%	$204K	$224K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1121	+0.092%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	+0.017%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1120	0.000%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1121	+0.098%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0008%	4h	0.1121	+0.054%	$11K	$189K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.804%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1120	+0.027%	$299K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.109%	$373K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1121	+0.076%	$17.3M	$50.3M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	+0.009%	$16.2M	$15.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	+0.045%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	+0.018%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	+0.071%	$24.4M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	+0.027%	$2.9M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	+0.063%	$4.2M	$5.5M	50x	as long as short
BingX POL-USDCshort	+0.0100%	4h	0.1121	+0.071%	—	$1.7M	—
Variational Omni POL	+0.0100%	4h	0.1118	−0.195%	$660K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.103%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1120	long leg	$198K	$656K	50x
Extended POL-USD	+0.0104%	1h	0.1121	+0.057%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.079%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1121	+0.105%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0294%	1h	0.1122	+0.214%	$7.6M	$4.0M	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.125%	$911K	$169K	75x	as long as short