Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.012%

Price spread now: Bitget against ApeX Omni−0.009%73s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$780.775% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.009%, 7d avg −0.006%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour. The two prices were read 73 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	ApeX Omni POLUSDT	0.1093	0.0086	pay 0.0011% / 1h	42m 13s	$194K	$633K	50x
Short	Bitget POLUSDT	0.1093	0.0100	get 0.0050% / 4h	42m 13s	$4.1M	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: $2.84
Price spread: −0.009% → −0.006%: −$0.27
Slippage, 4 orders: −$55.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.95
Costs to cover: 0.775%
Break-even: 191.8 days

Slippage from ApeX Omni: live order book, 16 min ago; Bitget: live order book, 1 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 ApeX Omni live order book, 16 min ago	13.68 bp	22.7 bp −$23	128.6 bp −$1,286	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.75 bp	14.7 bp −$15	25.4 bp −$254	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	−0.0520%	1h	0.1091	−0.183%	$201K	$195K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.017%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1093	+0.032%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.647%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1093	−0.018%	$11K	$263K	20x	as long as short
ApeX Omni POLUSDTlong	+0.0086%	1h	0.1093	long leg	$194K	$633K	50x
Lighter POL	+0.0096%	1h	0.1093	+0.005%	$278K	$554K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	−0.030%	$363K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	−0.016%	$16.9M	$42.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.055%	$15.7M	$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-SWAP	+0.0100%	4h	0.1093	+0.018%	$5.6M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1092	−0.091%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	−0.009%	$24.3M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.009%	$2.9M	$976K	50x	as long as short
Bitget POLUSDTshort	+0.0100%	4h	0.1093	−0.009%	$4.1M	$4.7M	50x
BingX POL-USDC	+0.0100%	4h	0.1093	−0.018%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1092	−0.119%	$604K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.021%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	−0.019%	$94K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.183%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0179%	1h	0.1095	+0.146%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.021%	$3K	—	100x	as long as short
dYdX POL-USD	+0.0234%	1h	0.1093	−0.019%	$17K	$2K	5x	as long as short
Kraken Futures PF_POLUSD	+0.0316%	1h	0.1093	+0.001%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.055%	$907K	$166K	75x	as long as short