Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.014%

Price spread now: ApeX Omni against MEXC−0.473%81s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$430.430% of the position

Long on MEXC 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)+0.548%+$55 · spread now −0.473%, 7d avg +0.016%

Together, before fees+0.740%+$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.489% cheaper against MEXC than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you. The two prices were read 81 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	MEXC POL_USDT	0.1120	0.0100	pay 0.0050% / 4h	2h 26m	$23.5M	$4.0M	125x
Short	ApeX Omni POLUSDT	0.1115	0.0072	get 0.0009% / 1h	26m 05s	$197K	$661K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.473%Rate

Funding earned: −$5.9
Price spread: −0.473% → +0.016%: −$48.89
Slippage, 4 orders: −$33.01
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$97.79
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 62 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 MEXC live order book, 3 min ago	0.45 bp	3.1 bp −$3	8.8 bp −$88	65.5 bp −$6,551	doesn't fit
Sell ApeX Omni live order book, 62 min ago	8.94 bp	17.8 bp −$18	113.0 bp −$1,130	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	−0.0080%	1h	0.1111	−0.830%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1121	+0.083%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0033%	4h	0.1120	+0.009%	$11K	$208K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1119	−0.075%	$3K	—	—	as long as short
dYdX POL-USD	+0.0003%	1h	0.1120	−0.031%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1121	+0.042%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.830%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDTshort	+0.0072%	1h	0.1115	−0.473%	$197K	$661K	50x
Lighter POL	+0.0096%	1h	0.1121	+0.043%	$312K	$560K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1123	+0.223%	$7.6M	$4.6M	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	0.1120	+0.002%	$372K	$383K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1120	+0.009%	$17.1M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.009%	$16.1M	$16.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	+0.009%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.036%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1120	long leg	$23.5M	$4.0M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1121	+0.027%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1120	+0.018%	$4.2M	$6.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	+0.018%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1115	−0.464%	$658K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1116	−0.390%	$1.1M	$3.4M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1120	−0.011%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.071%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0211% / S −0.0606%	1h	0.1121	+0.047%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.116%	$905K	$168K	75x	as long as short