Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: KuCoin against ApeX Omni−0.475%82s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.085% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.389%+$39 · spread now −0.475%, 7d avg +0.015%

Together, before fees+0.417%+$42 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: KuCoin is 0.490% cheaper against ApeX Omni than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1095	0.0100	pay 0.0013% / 1h	2m 06s	$194K	$634K	50x
Short	KuCoin POLUSDTM	0.1090	0.0100	get 0.0050% / 4h	3h 02m	$2.9M	$964K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.475%Rate

Funding earned: $0
Price spread: −0.475% → +0.015%: −$49
Slippage, 4 orders: −$86.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$157.5
Costs to cover: 1.085%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; KuCoin: live order book, 10 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, 51 min ago	13.56 bp	23.0 bp −$23	134.5 bp −$1,345	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.57 bp	30.4 bp −$30	132.8 bp −$1,328	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	−0.0512%	1h	0.1089	−0.548%	$201K	$198K	50x	as long as short
Gate POL_USDT	−0.0216%	4h	0.1089	−0.566%	$1.8M	$1.4M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1090	−0.430%	$1.1M	$1.1M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1089	−0.505%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1090	−0.415%	$12K	—	150x	as long as short
dYdX POL-USD	+0.0032%	1h	0.1093	−0.201%	$17K	$2K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.461%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0039%	4h	0.1090	−0.493%	$11K	$637K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1090	−0.465%	$277K	$542K	8x	as long as short
OKX POL-USDT-SWAP	+0.0099%	4h	0.1090	−0.502%	$5.7M	$9.6M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1091	−0.356%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1091	−0.400%	$362K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1089	−0.518%	$16.7M	$39.6M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1089	−0.557%	$15.7M	$11.0M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1090	−0.484%	$24.5M	$3.6M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1090	−0.475%	$2.9M	$964K	50x
Bitget POLUSDT	+0.0100%	4h	0.1090	−0.493%	$4.0M	$4.1M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1090	−0.502%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	−0.196%	$605K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.188%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1095	long leg	$194K	$634K	50x
Extended POL-USD	+0.0104%	1h	0.1089	−0.521%	$96K	$275K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1088	−0.601%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1090	−0.417%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1091	−0.402%	$897K	$164K	75x	as long as short