Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.041%

Price spread now: Orderly against ApeX Omni+0.092%7-day average −0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.555%−$55 on $10k

Price spread, last 4 days (all we have)−0.275%−$28 · spread now +0.092%, 7d avg −0.052%

Together, before fees−0.830%−$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.144% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.052%): +$14 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 39 days. At the pace of the last 7 days (−0.555% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1089	−0.0034	get 0.0004% / 1h	15m 08s	$193K	$642K	50x
Short	Orderly PERP_POL_USDC	0.1090	−0.0046	pay 0.0023% / 4h	15m 08s	$11K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now +0.092%Rate

Funding earned: −$2.57
Price spread: +0.092% → −0.052%: $14.42
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 23 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 23 min ago	13.76 bp	24.4 bp −$24	127.4 bp −$1,274	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	−0.0544%	1h	0.1087	−0.184%	$201K	$176K	50x	as long as short
Gate POL_USDT	−0.0258%	4h	0.1091	+0.147%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1091	+0.176%	$1.1M	$996K	50x	as long as short
OKX POL-USDT-SWAP	−0.0084%	4h	0.1090	+0.101%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDCshort	−0.0046%	4h	0.1090	+0.092%	$11K	$2.0M	20x
ApeX Omni POLUSDTlong	−0.0034%	1h	0.1089	long leg	$193K	$642K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1089	+0.025%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	+0.237%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1091	+0.157%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.020%	$3K	$124K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT POL_USDT_Perp	+0.0036%	4h	0.1090	+0.119%	$1.1M	$2.8M	10x	as long as short
Bybit POLUSDT	+0.0053%	4h	0.1089	+0.009%	$15.7M	$9.6M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1090	+0.068%	$275K	$544K	8x	as long as short
Extended POL-USD	+0.0096%	1h	0.1089	+0.004%	$91K	$522K	10x	as long as short
MEXC POL_USDT	+0.0098%	4h	0.1089	+0.037%	$24.9M	$3.4M	125x	as long as short
Binance POLUSDT	+0.0098%	4h	0.1089	+0.037%	$16.6M	$36.3M	75x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1091	+0.211%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1091	+0.173%	$361K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1091	+0.156%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1090	+0.073%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1091	+0.147%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1090	+0.058%	$602K	$166K	—	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1088	−0.125%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1091	+0.140%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0338%	4h	0.1091	+0.156%	$897K	$146K	75x	as long as short