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

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0468%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h +0.144%
Price spread now: GMX against ApeX Omni−0.003%172s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate. The two prices were read 172 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni POLUSDT0.1089−0.0174get 0.0022% / 1h49m 29s$154K$665K50x
ShortGMX POL/USD [ETH-USDC]0.1089L +0.0164% / S −0.0294%get 0.0037% / 1h49m 29s$3K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$98.35
Price spread: −0.003% → 0.000%
−$0.28
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$76.08
Costs to cover
0.220%
Break-even
1.6 days
Slippage unknown: ApeX Omni: live order book, 61 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 61 min ago9.15 bp19.6 bp −$20123.6 bp −$1,236doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

POL on 25 exchanges

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−0.0624%1h0.1083−0.551%$197K$163K50xas long as short
Kraken Futures PF_POLUSD−0.0347%1h0.1086−0.263%$1.2M$933K50xas long as short
Orderly PERP_POL_USDC−0.0187%4h0.1085−0.358%$10K$2.6M20xas long as short
ApeX Omni POLUSDTlong−0.0174%1h0.1089long leg$154K$665K50x
Gate POL_USDT−0.0160%4h0.1085−0.413%$1.8M$1.0M75xas long as short
GRVT POL_USDT_Perp−0.0078%4h0.1089−0.011%$1.0M$2.7M10xas long as short
OKX POL-USDT-SWAP−0.0040%4h0.1086−0.275%$5.6M$8.3M50xas long as short
Bitget POLUSDT−0.0018%4h0.1085−0.376%$4.0M$3.2M50xas long as short
Binance POLUSDT−0.0009%4h0.1085−0.344%$16.6M$31.8M75xas long as short
Extended POL-USD−0.0008%1h0.1085−0.353%$91K$526K10xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya POLRUSDPERP−0.0006%1h0.1085−0.369%$2Kas long as short
MEXC POL_USDT−0.0004%4h0.1085−0.358%$25.0M$3.2M125xas long as short
dYdX POL-USD0.0000%1h0.1086−0.298%$24K$9K5xas long as short
BloFin POL-USDT+0.0002%4h0.1088−0.110%$894K$135K75xas long as short
gTrade (Gains Network) POL/USDL +0.0003% / S −0.0003%1h0.1090+0.084%$9K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+2.020%$3K$124K12xas long as short
Aevo POL-PERP+0.0080%1h0.1084−0.459%$40K3xas long as short
Lighter POL+0.0096%1h0.1086−0.320%$265K$483K8xas long as short
Hyperliquid POL+0.0100%1h0.1087−0.211%$7.3M$3.4M5xas long as short
Aster POLUSDT+0.0100%4h0.1086−0.248%$365K$166K20xas long as short
Bybit POLUSDT+0.0100%4h0.1085−0.376%$15.4M$8.8M75xas long as short
KuCoin POLUSDTM+0.0100%4h0.1086−0.285%$3.1M$787K50xas long as short
BingX POL-USDC+0.0100%4h0.1085−0.358%$1.6Mas long as short
Variational Omni POL+0.0100%4h0.1084−0.425%$601K$163Kas long as short
GMX POL/USD [ETH-USDC]shortL +0.0164% / S −0.0294%1h0.1089−0.003%$3K100x