Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: OKX against ApeX Omni−0.232%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.232%, 7d avg −0.036%

Together, before fees−0.054%−$5 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: OKX is 0.196% cheaper against ApeX Omni than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1120	0.0100	pay 0.0013% / 1h	51m 29s	$198K	$644K	50x
Short	OKX POL-USDT-SWAP	0.1117	0.0100	get 0.0050% / 4h	3h 51m	$5.8M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.232%Rate

Funding earned: $0
Price spread: −0.232% → −0.036%: −$19.59
Slippage, 4 orders: −$61.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101.01
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; OKX: 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, 22 min ago	13.39 bp	25.0 bp −$25	128.6 bp −$1,286	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.78 bp	16.8 bp −$17	63.0 bp −$630	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
Kraken Futures PF_POLUSD	−0.0240%	1h	0.1119	−0.046%	$1.2M	$1.4M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1120	0.000%	$205K	$214K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	+0.005%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1120	+0.004%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1121	+0.084%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0014%	4h	0.1119	−0.098%	$11K	$179K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.804%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	−0.112%	$299K	$574K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	−0.029%	$372K	$340K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1118	−0.184%	$17.2M	$47.4M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1117	−0.250%	$16.1M	$14.1M	75x	as long as short
OKX POL-USDT-SWAPshort	+0.0100%	4h	0.1117	−0.232%	$5.8M	$11.2M	50x
Gate POL_USDT	+0.0100%	4h	0.1120	−0.036%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1119	−0.125%	$24.2M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1119	−0.089%	$3.0M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1119	−0.071%	$4.1M	$5.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1119	−0.116%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1120	+0.009%	$661K	$183K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1121	+0.078%	$1.1M	$3.0M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1120	long leg	$198K	$644K	50x
Extended POL-USD	+0.0104%	1h	0.1118	−0.157%	$94K	$436K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.045%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0137%	1h	0.1120	+0.036%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1121	+0.074%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1120	+0.036%	$910K	$159K	75x	as long as short