POL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0479%/8h= −52.4% APRnext payment −$0.60 per $10,000 · paid last 24h −0.047%

Price spread now: Kraken Futures against ApeX Omni+0.185%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$30 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.185%, 7d avg +0.034%

Together, before fees−0.476%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.151% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of +0.034%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.305% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.305% in total (about -15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1093	0.0100	pay 0.0013% / 1h	16m 47s	$194K	$640K	50x
Short	Kraken Futures PF_POLUSD	0.1095	−0.0379	pay 0.0047% / 1h	16m 47s	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$100.52
Price spread: +0.185% → +0.034%: $15.09
Slippage, 4 orders: −$68.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$174.11
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; Kraken Futures: live order book, 2 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, 26 min ago	13.74 bp	24.9 bp −$25	124.7 bp −$1,247	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.85 bp	21.4 bp −$21	49.2 bp −$492	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	−0.0472%	1h	0.1088	−0.457%	$201K	$199K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0379%	1h	0.1095	+0.185%	$1.2M	$1.0M	50x
Gate POL_USDT	−0.0316%	4h	0.1094	+0.073%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	+0.099%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.167%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1095	+0.189%	$12K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0015%	4h	0.1095	+0.146%	$11K	$1.4M	20x	as long as short
OKX POL-USDT-SWAP	+0.0020%	4h	0.1094	+0.110%	$5.7M	$9.4M	50x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.647%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.090%	$277K	$543K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1096	+0.256%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1095	+0.176%	$363K	$174K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1094	+0.102%	$16.7M	$37.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	+0.110%	$15.7M	$9.8M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1094	+0.128%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1095	+0.156%	$2.9M	$938K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	+0.201%	$4.1M	$4.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1095	+0.137%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1093	+0.037%	$604K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1094	+0.083%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1093	long leg	$194K	$640K	50x
Extended POL-USD	+0.0104%	1h	0.1094	+0.064%	$94K	$235K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1093	+0.002%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1095	+0.171%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1095	+0.146%	$897K	$149K	75x	as long as short