Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
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: ApeX Omni against Bitget−0.250%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$710.706% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 3 days (all we have)+0.383%+$38 · spread now −0.250%, 7d avg +0.008%
Together, before fees+0.433%+$43 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 0.257% cheaper against Bitget than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11220.0100pay 0.0050% / 4h1h 54m$4.2M$5.9M50x
ShortApeX Omni POLUSDT0.11190.0100get 0.0013% / 1h54m 45s$198K$662K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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

Funding earned
$0
Price spread: −0.250% → +0.008%
−$25.74
Slippage, 4 orders
−$48.62
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$96.36
Costs to cover
0.706%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.24 bp11.6 bp −$1220.4 bp −$204doesn't fitdoesn't fit
Sell ApeX Omni live order book, 28 min ago8.93 bp21.2 bp −$21128.7 bp −$1,287doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective POL/USDC PERP−0.0162%1h0.1111−0.963%$3K$124K12xas long as short
Coinbase International POL-PERP-INTX−0.0128%1h0.1111−0.963%$202K$253K50xas long as short
Kraken Futures PF_POLUSD−0.0071%1h0.1123+0.074%$1.2M$1.8M50xas long as short
Orderly PERP_POL_USDC−0.0025%4h0.1122−0.009%$11K$204K20xas long as short
Reya POLRUSDPERP−0.0006%1h0.1122+0.007%$3Kas long as short
dYdX POL-USD0.0000%1h0.1122+0.009%$17K$3K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0006%1h0.1122+0.054%$22K150xas long as short
Lighter POL+0.0096%1h0.1122+0.017%$311K$558K8xas long as short
Aster POLUSDT+0.0100%4h0.1121−0.040%$373K$359K20xas long as short
Binance POLUSDT+0.0100%4h0.1122+0.018%$17.1M$51.5M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDT+0.0100%4h0.1121−0.062%$16.1M$16.2M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1121−0.027%$5.8M$12.1M50xas long as short
Gate POL_USDT+0.0100%4h0.1121−0.080%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1121−0.045%$23.7M$3.8M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1122+0.053%$2.8M$1.1M50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1122long leg$4.2M$5.9M50x
BingX POL-USDT+0.0100%4h0.1121−0.036%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1120−0.147%$661K$211Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1120−0.198%$1.1M$3.4M10xas long as short
ApeX Omni POLUSDTshort+0.0100%1h0.1119−0.250%$198K$662K50x
Extended POL-USD+0.0104%1h0.1122−0.008%$93K$427K10xas long as short
Aevo POL-PERP+0.0104%1h0.1120−0.116%$41K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0211% / S −0.0606%1h0.1122+0.060%$3K100xas long as short
Hyperliquid POL+0.0237%1h0.1124+0.196%$7.6M$4.6M5xas long as short
BloFin POL-USDT+0.0340%4h0.1120−0.187%$904K$169K75xas long as short