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

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: ApeX Omni against Bybit+0.036%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$640.645% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.036%, 7d avg +0.047%
Together, before fees+0.155%+$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POLUSDT0.11270.0100pay 0.0050% / 4h55m 32s$16.3M$15.5M75x
ShortApeX Omni POLUSDT0.11270.0100get 0.0013% / 1h55m 32s$199K$657K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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: +0.036% → +0.047%
−$1.13
Slippage, 4 orders
−$43.47
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$65.59
Costs to cover
0.645%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 23 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 Bybit live order book, 3 min ago1.33 bp15.6 bp −$1639.4 bp −$394doesn't fitdoesn't fit
Sell ApeX Omni live order book, 23 min ago8.89 bp19.0 bp −$19133.2 bp −$1,332doesn'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
Coinbase International POL-PERP-INTX−0.0128%1h0.1122−0.408%$205K$236K50xas long as short
Kraken Futures PF_POLUSD−0.0071%1h0.1128+0.119%$1.2M$1.8M50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1127+0.065%$3Kas long as short
Orderly PERP_POL_USDC−0.0005%4h0.1127+0.009%$11K$194K20xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1127+0.058%$24K150xas long as short
dYdX POL-USD+0.0013%1h0.1127+0.047%$17K$3K5xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111−1.385%$3K$124K12xas long as short
Lighter POL+0.0096%1h0.1127+0.043%$301K$571K8xas long as short
Aster POLUSDT+0.0100%4h0.1127+0.034%$374K$360K20xas long as short
Binance POLUSDT+0.0100%4h0.1127+0.071%$17.4M$50.7M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDTlong+0.0100%4h0.1127long leg$16.3M$15.5M75x
OKX POL-USDT-SWAP+0.0100%4h0.1127+0.071%$5.8M$12.0M50xas long as short
Gate POL_USDT+0.0100%4h0.1127−0.009%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1128+0.089%$24.2M$3.8M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1127+0.009%$2.8M$1.0M50xas long as short
Bitget POLUSDT+0.0100%4h0.1128+0.089%$4.2M$5.8M50xas long as short
BingX POL-USDT+0.0100%4h0.1127+0.036%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1123−0.302%$664K$189Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1127+0.062%$1.1M$3.2M10xas long as short
ApeX Omni POLUSDTshort+0.0100%1h0.1127+0.036%$199K$657K50x
Extended POL-USD+0.0104%1h0.1127+0.016%$94K$427K10xas long as short
Aevo POL-PERP+0.0104%1h0.1126−0.097%$41K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0211% / S −0.0606%1h0.1127+0.069%$3K100xas long as short
BloFin POL-USDT+0.0340%4h0.1127−0.009%$915K$170K75xas long as short
Hyperliquid POL+0.0385%1h0.1130+0.284%$7.7M$4.0M5xas long as short