Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h +0.006%

Price spread now: MEXC against ApeX Omni+0.192%111s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$520.518% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)−0.501%−$50 · spread now +0.192%, 7d avg −0.018%

Together, before fees−0.680%−$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.210% dearer against ApeX Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour. The two prices were read 111 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	0.1092	−0.0039	get 0.0005% / 1h	59m 42s	$194K	$641K	50x
Short	MEXC POL_USDT	0.1094	0.0072	get 0.0036% / 4h	3h 59m	$25.0M	$3.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.192%Rate

Funding earned: $23.3
Price spread: +0.192% → −0.018%: $21.02
Slippage, 4 orders: −$41.78
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.46
Costs to cover: 0.518%
Break-even: 9.2 days

Slippage from ApeX Omni: live order book, 38 min ago; MEXC: live order book, 4 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, 38 min ago	13.76 bp	24.4 bp −$24	127.4 bp −$1,274	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.46 bp	2.1 bp −$2	21.9 bp −$219	79.5 bp −$7,951	143.5 bp −$71.7K

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	−0.0544%	1h	0.1093	+0.092%	$202K	$177K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1094	+0.216%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDT	−0.0214%	4h	0.1094	+0.165%	$1.8M	$1.2M	75x	as long as short
OKX POL-USDT-SWAP	−0.0078%	4h	0.1094	+0.192%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0066%	4h	0.1094	+0.174%	$11K	$2.1M	20x	as long as short
ApeX Omni POLUSDTlong	−0.0039%	1h	0.1092	long leg	$194K	$641K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1094	+0.165%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.270%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1095	+0.261%	$9K	—	150x	as long as short
GRVT POL_USDT_Perp	+0.0030%	4h	0.1093	+0.120%	$1.1M	$2.9M	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.740%	$3K	$124K	12x	as long as short
Extended POL-USD	+0.0072%	1h	0.1093	+0.123%	$92K	$520K	10x	as long as short
MEXC POL_USDTshort	+0.0072%	4h	0.1094	+0.192%	$25.0M	$3.3M	125x
Binance POLUSDT	+0.0073%	4h	0.1094	+0.156%	$16.7M	$36.3M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.174%	$276K	$535K	8x	as long as short
Aevo POL-PERP	+0.0096%	1h	0.1093	+0.070%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1096	+0.348%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	+0.179%	$363K	$167K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	+0.137%	$15.7M	$9.5M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.220%	$2.9M	$868K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	+0.174%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1094	+0.156%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	+0.096%	$604K	$166K	—	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1095	+0.257%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0293%	4h	0.1092	+0.046%	$893K	$145K	75x	as long as short