Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: ApeX Omni against GRVT+0.037%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.037%, 7d avg +0.010%

Together, before fees+0.141%+ Points / potential airdropGRVT: Active · farm board+$14 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 0.027% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT POL_USDT_Perp	0.1096	0.0100	pay 0.0050% / 4h	1h 59m	$1.1M	$2.8M	10x
Short	ApeX Omni POLUSDT	0.1096	0.0100	get 0.0013% / 1h	59m 34s	$195K	$634K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.010%: $2.7
Slippage, 4 orders: −$54.04
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$70.34
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; ApeX Omni: live order book, 48 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 GRVT live order book, 4 min ago	5.02 bp	15.7 bp −$16	30.1 bp −$301	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 48 min ago	9.17 bp	18.3 bp −$18	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
Coinbase International POL-PERP-INTX	−0.0480%	1h	0.1093	−0.237%	$201K	$202K	50x	as long as short
Gate POL_USDT	−0.0198%	4h	0.1095	−0.063%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0139%	1h	0.1096	+0.054%	$1.2M	$1.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1096	+0.004%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1097	+0.108%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1097	+0.106%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0032%	4h	0.1096	+0.046%	$11K	$1.1M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.406%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1096	+0.001%	$277K	$542K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1097	+0.138%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1096	+0.001%	$363K	$240K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1095	−0.018%	$16.7M	$37.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	−0.109%	$15.7M	$10.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1095	−0.091%	$5.6M	$9.6M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1095	−0.009%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1095	−0.009%	$2.9M	$938K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1096	+0.028%	$4.1M	$4.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1095	−0.018%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1095	−0.059%	$605K	$167K	—	as long as short
GRVT POL_USDT_Perplong	+0.0100%	4h	0.1096	long leg	$1.1M	$2.8M	10x
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1096	+0.037%	$195K	$634K	50x
Extended POL-USD	+0.0104%	1h	0.1095	−0.036%	$91K	$268K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1095	−0.082%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1097	+0.096%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1095	−0.045%	$895K	$155K	75x	as long as short