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 +0.004%

Price spread now: Gate against ApeX Omni−0.143%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$830.834% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.143%, 7d avg −0.055%

Together, before fees−0.056%−$6 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: Gate is 0.088% cheaper against ApeX Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1122	0.0100	pay 0.0013% / 1h	14m 44s	$199K	$663K	50x
Short	Gate POL_USDT	0.1120	0.0100	get 0.0050% / 4h	2h 14m	$1.9M	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.055%: −$8.75
Slippage, 4 orders: −$58.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.18
Costs to cover: 0.834%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 8 min ago; Gate: 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, 8 min ago	8.93 bp	21.6 bp −$22	127.5 bp −$1,275	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.91 bp	18.8 bp −$19	199.9 bp −$1,999	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	0.1111	−0.980%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	−0.006%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0028%	4h	0.1121	−0.116%	$11K	$206K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.132%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1122	−0.014%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.980%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0041%	1h	0.1121	−0.088%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1121	−0.078%	$311K	$562K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1124	+0.134%	$7.6M	$4.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	−0.068%	$373K	$383K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1121	−0.090%	$17.1M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.143%	$16.1M	$16.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.098%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDTshort	+0.0100%	4h	0.1120	−0.143%	$1.9M	$1.4M	75x
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.098%	$23.6M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1122	−0.009%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	−0.036%	$4.2M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	−0.116%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	−0.165%	$662K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1122	−0.016%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1122	long leg	$199K	$663K	50x
Extended POL-USD	+0.0104%	1h	0.1121	−0.121%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.223%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1122	−0.042%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	−0.169%	$903K	$169K	75x	as long as short