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 −0.014%

Price spread now: ApeX Omni against Binance+0.191%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.191%, 7d avg +0.014%

Together, before fees+0.148%+$15 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: ApeX Omni is 0.176% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLUSDT	0.1120	0.0100	pay 0.0050% / 4h	1h 53m	$17.1M	$51.5M	75x
Short	ApeX Omni POLUSDT	0.1122	0.0100	get 0.0013% / 1h	53m 06s	$199K	$662K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.191%Rate

Funding earned: $0
Price spread: +0.191% → +0.014%: $17.65
Slippage, 4 orders: −$45.49
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.84
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; ApeX Omni: live order book, 30 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 Binance live order book, 4 min ago	0.45 bp	11.2 bp −$11	25.1 bp −$251	184.9 bp −$18.5K	doesn't fit
Sell ApeX Omni live order book, 30 min ago	8.93 bp	21.2 bp −$21	128.7 bp −$1,287	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	−0.792%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.792%	$202K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1121	+0.095%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0025%	4h	0.1120	+0.039%	$11K	$204K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	+0.009%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1121	+0.091%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1121	+0.126%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1120	+0.034%	$310K	$558K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	+0.074%	$373K	$359K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1120	long leg	$17.1M	$51.5M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.006%	$16.1M	$16.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.015%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	+0.030%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1120	+0.003%	$23.6M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	+0.065%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	+0.110%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1120	+0.030%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	+0.026%	$661K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1122	+0.180%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1122	+0.191%	$199K	$662K	50x
Extended POL-USD	+0.0104%	1h	0.1120	+0.008%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.077%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0165%	1h	0.1122	+0.173%	$7.6M	$4.6M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1121	+0.098%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	+0.030%	$905K	$169K	75x	as long as short