Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.014%

Price spread now: Variational Omni against ApeX Omni−0.078%73s7-day average −0.066% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.078%, 7d avg −0.066%

Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. 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	0.1101	0.0074	pay 0.0009% / 1h	58m 18s	$156K	$663K	50x
Short	Variational Omni POL	0.1100	0.0100	get 0.0050% / 4h	2h 58m	$609K	$167K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.078%Rate

Funding earned: $5.49
Price spread: −0.078% → −0.066%: −$1.14
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.64
Costs to cover: 0.100%
Break-even: 14.2 days

Slippage unknown: ApeX Omni: live order book, 35 min ago; Variational Omni: RFQ quote, 36 min ago. 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, 35 min ago	13.72 bp	23.2 bp −$23	125.7 bp −$1,257	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 36 min ago	9.13 bp	doesn't fit	36.5 bp −$365	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	−0.0584%	1h	0.1098	−0.272%	$200K	$180K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0351%	1h	0.1101	−0.030%	$1.2M	$994K	50x	as long as short
Gate POL_USDT	−0.0208%	4h	0.1100	−0.136%	$1.8M	$1.1M	75x	as long as short
Orderly PERP_POL_USDC	−0.0122%	4h	0.1100	−0.118%	$11K	$2.5M	20x	as long as short
OKX POL-USDT-SWAP	−0.0052%	4h	0.1100	−0.127%	$5.7M	$9.0M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1099	−0.148%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1101	−0.002%	$23K	$8K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1102	+0.072%	$9K	—	150x	as long as short
GRVT POL_USDT_Perp	+0.0004%	4h	0.1101	0.000%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0016%	1h	0.1099	−0.158%	$94K	$521K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0018%	4h	0.1099	−0.145%	$16.8M	$34.3M	75x	as long as short
MEXC POL_USDT	+0.0020%	4h	0.1100	−0.136%	$25.3M	$3.3M	125x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.908%	$3K	$124K	12x	as long as short
Lighter POL	+0.0048%	1h	0.1100	−0.100%	$269K	$502K	8x	as long as short
ApeX Omni POLUSDTlong	+0.0074%	1h	0.1101	long leg	$156K	$663K	50x
BloFin POL-USDT	+0.0081%	4h	0.1100	−0.118%	$897K	$143K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1099	−0.227%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1102	+0.064%	$7.4M	$3.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.027%	$370K	$172K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1099	−0.173%	$15.8M	$9.1M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1100	−0.054%	$2.9M	$782K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1099	−0.163%	$4.0M	$3.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1100	−0.100%	—	$1.6M	—	as long as short
Variational Omni POLshort	+0.0100%	4h	0.1100	−0.078%	$609K	$167K	—
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1102	+0.115%	$3K	—	100x	as long as short