Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against OKX+0.090%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.090%, 7d avg +0.040%

Together, before fees+0.313%+$31 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 0.051% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX POL-USDT-SWAP	0.1105	0.0100	pay 0.0050% / 4h	1h 15m	$5.7M	$10.1M	50x
Short	ApeX Omni POLUSDT	0.1106	0.0100	get 0.0013% / 1h	15m 02s	$196K	$635K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.040%: $5.06
Slippage, 4 orders: −$49.15
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.09
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	0.90 bp	15.7 bp −$16	58.9 bp −$589	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 48 min ago	9.07 bp	18.8 bp −$19	134.4 bp −$1,344	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	−0.0464%	1h	0.1098	−0.633%	$202K	$198K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1105	−0.020%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1106	+0.118%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1106	+0.052%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.543%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1105	+0.027%	$11K	$294K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1106	+0.081%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1106	+0.050%	$367K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1105	+0.020%	$17.2M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1105	−0.036%	$15.9M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1105	long leg	$5.7M	$10.1M	50x
Gate POL_USDT	+0.0100%	4h	0.1105	−0.027%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	+0.063%	$24.0M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	+0.063%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	+0.063%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1105	+0.018%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1105	+0.003%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1106	+0.130%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1106	+0.090%	$196K	$635K	50x
Extended POL-USD	+0.0104%	1h	0.1105	−0.008%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1104	−0.090%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1105	+0.043%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0225%	1h	0.1108	+0.226%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1106	+0.123%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	+0.063%	$915K	$167K	75x	as long as short