Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Aster−0.067%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.341%+$34 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.067%, 7d avg −0.026%

Together, before fees+0.365%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.041% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +0.341%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster POLUSDT	0.1095	0.0100	pay 0.0050% / 4h	1h 05m	$363K	$174K	20x
Short	ApeX Omni POLUSDT	0.1094	0.0056	get 0.0007% / 1h	5m 21s	$194K	$641K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: −$9.27
Price spread: −0.067% → −0.026%: −$4.1
Slippage, 4 orders: −$77.36
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$108.73
Costs to cover: 0.954%
Break-even: never at this rate

Slippage from Aster: live order book, 37 min ago; ApeX Omni: live order book, 38 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 Aster live order book, 37 min ago	11.44 bp	23.5 bp −$24	252.4 bp −$2,524	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 min ago	13.74 bp	25.7 bp −$26	137.8 bp −$1,378	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	−0.615%	$201K	$197K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0379%	1h	0.1095	+0.043%	$1.2M	$994K	50x	as long as short
Gate POL_USDT	−0.0318%	4h	0.1093	−0.122%	$1.8M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	−0.100%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.004%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1095	−0.004%	$12K	—	150x	as long as short
OKX POL-USDT-SWAP	+0.0005%	4h	0.1094	−0.095%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	+0.0006%	4h	0.1094	−0.104%	$11K	$1.5M	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.486%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDTshort	+0.0056%	1h	0.1094	−0.067%	$194K	$641K	50x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter POL	+0.0096%	1h	0.1094	−0.036%	$277K	$543K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1096	+0.097%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDTlong	+0.0100%	4h	0.1095	long leg	$363K	$174K	20x
Binance POLUSDT	+0.0100%	4h	0.1094	−0.089%	$16.7M	$36.6M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	−0.086%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1094	−0.067%	$24.7M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−0.031%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	−0.040%	$4.1M	$3.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1094	−0.095%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	−0.053%	$605K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1094	−0.094%	$1.1M	$2.8M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1094	−0.065%	$94K	$235K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1092	−0.223%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1095	−0.006%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1093	−0.150%	$896K	$146K	75x	as long as short