Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Bybit against ApeX Omni−0.161%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.161%, 7d avg −0.047%

Together, before fees−0.101%−$10 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: Bybit is 0.114% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1116	0.0100	pay 0.0013% / 1h	57m 35s	$197K	$659K	50x
Short	Bybit POLUSDT	0.1114	0.0100	get 0.0050% / 4h	2h 57m	$16.1M	$16.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.047%: −$11.44
Slippage, 4 orders: −$40.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.68
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; Bybit: live order book, 1 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, 30 min ago	8.94 bp	18.1 bp −$18	122.4 bp −$1,224	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.45 bp	15.1 bp −$15	39.5 bp −$395	doesn't fit	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	−0.0080%	1h	0.1115	−0.090%	$203K	$255K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1116	−0.009%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0043%	4h	0.1115	−0.063%	$11K	$215K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1114	−0.155%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1115	−0.045%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1116	+0.043%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1113	−0.269%	$3K	$73K	12x	as long as short
GRVT POL_USDT_Perp	+0.0092%	4h	0.1117	+0.063%	$1.1M	$3.5M	10x	as long as short
Lighter POL	+0.0096%	1h	0.1115	−0.071%	$322K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1117	+0.090%	$7.6M	$4.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1115	−0.116%	$371K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1115	−0.116%	$17.0M	$52.8M	75x	as long as short
Bybit POLUSDTshort	+0.0100%	4h	0.1114	−0.161%	$16.1M	$16.8M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1114	−0.134%	$5.8M	$12.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1116	−0.009%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1115	−0.108%	$23.4M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1116	−0.018%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1114	−0.134%	$4.1M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1115	−0.108%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1118	+0.203%	$659K	$260K	—	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1116	long leg	$197K	$659K	50x
Extended POL-USD	+0.0104%	1h	0.1114	−0.146%	$93K	$437K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1114	−0.179%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1116	+0.025%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1116	+0.027%	$905K	$169K	75x	as long as short