Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Aster−0.200%79s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$840.843% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.341%+$34 on $10k

Price spread, last 4 days (all we have)+0.275%+$28 · spread now −0.200%, 7d avg −0.023%

Together, before fees+0.616%+ Points / potential airdropAster: Stage 5 · farm board+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.177% cheaper against Aster than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.341%, so the current rate has only just turned against you. The two prices were read 79 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	Aster POLUSDT	0.1100	0.0100	pay 0.0050% / 4h	54m 07s	$366K	$268K	20x
Short	ApeX Omni POLUSDT	0.1098	0.0045	get 0.0006% / 1h	54m 07s	$195K	$633K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.200%Rate

Funding earned: −$11.52
Price spread: −0.200% → −0.023%: −$17.74
Slippage, 4 orders: −$66.31
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$113.57
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; ApeX Omni: 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 Aster live order book, 3 min ago	7.28 bp	18.2 bp −$18	250.8 bp −$2,508	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	13.68 bp	21.8 bp −$22	116.3 bp −$1,163	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	−0.0520%	1h	0.1096	−0.382%	$202K	$197K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1100	−0.064%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	+0.090%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1101	+0.048%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.981%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0038%	4h	0.1100	−0.064%	$11K	$267K	20x	as long as short
ApeX Omni POLUSDTshort	+0.0045%	1h	0.1098	−0.200%	$195K	$633K	50x
Lighter POL	+0.0096%	1h	0.1100	+0.010%	$284K	$550K	8x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1100	long leg	$366K	$268K	20x
Binance POLUSDT	+0.0100%	4h	0.1100	−0.028%	$17.1M	$42.0M	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	0.1100	−0.064%	$15.8M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1100	−0.019%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1099	−0.091%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1100	−0.019%	$24.4M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1100	+0.018%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	+0.063%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1100	−0.028%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	+0.038%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1100	−0.024%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1099	−0.065%	$95K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1098	−0.200%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1100	−0.015%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0248%	1h	0.1102	+0.127%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0314%	1h	0.1101	+0.051%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1102	+0.127%	$918K	$167K	75x	as long as short