Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Variational Omni against ApeX Omni−0.163%7-day average −0.064% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.163%, 7d avg −0.064%

Together, before fees+0.168%+ Points / potential airdropVariational Omni: Active · farm board+$17 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: Variational Omni is 0.100% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1127	0.0100	pay 0.0013% / 1h	22m 56s	$199K	$658K	50x
Short	Variational Omni POL	0.1125	0.0100	get 0.0050% / 4h	1h 22m	$665K	$193K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → −0.064%: −$9.96
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 60 min ago; Variational Omni: RFQ quote, 61 min ago. Net counts fees only.

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, 60 min ago	8.93 bp	21.6 bp −$22	127.5 bp −$1,275	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 61 min ago	13.39 bp	doesn't fit	40.2 bp −$402	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
Injective POL/USDC PERP	−0.0162%	1h	0.1111	−1.420%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1125	−0.177%	$206K	$236K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1127	+0.036%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0017%	4h	0.1126	−0.062%	$11K	$199K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1126	−0.104%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1127	−0.014%	$22K	—	150x	as long as short
dYdX POL-USD	+0.0005%	1h	0.1127	+0.032%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1127	−0.008%	$306K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1127	−0.008%	$376K	$360K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1127	−0.014%	$17.4M	$51.6M	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	0.1126	−0.062%	$16.2M	$15.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1127	−0.027%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1126	−0.071%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1127	0.000%	$23.8M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1127	−0.044%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1127	0.000%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1126	−0.053%	—	$7.2M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1125	−0.163%	$665K	$193K	—
GRVT POL_USDT_Perp	+0.0100%	4h	0.1128	+0.059%	$1.1M	$3.3M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1127	long leg	$199K	$658K	50x
Extended POL-USD	+0.0104%	1h	0.1127	−0.011%	$94K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1125	−0.176%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0200%	1h	0.1129	+0.177%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1127	−0.028%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1126	−0.053%	$916K	$170K	75x	as long as short