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 −0.020%

Price spread now: ApeX Omni against Binance−0.212%69s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.715% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.212%, 7d avg +0.013%

Together, before fees+0.329%+$33 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: ApeX Omni is 0.225% cheaper against Binance than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 69 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	Binance POLUSDT	0.1121	0.0100	pay 0.0050% / 4h	3h 28m	$17.2M	$44.6M	75x
Short	ApeX Omni POLUSDT	0.1119	0.0100	get 0.0013% / 1h	28m 24s	$198K	$644K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → +0.013%: −$22.52
Slippage, 4 orders: −$51.51
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.03
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 45 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 Binance live order book, 14 min ago	0.45 bp	11.4 bp −$11	26.4 bp −$264	200.3 bp −$20.0K	doesn't fit
Sell ApeX Omni live order book, 45 min ago	13.39 bp	23.7 bp −$24	137.1 bp −$1,371	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	−0.0239%	1h	0.1122	+0.085%	$1.2M	$1.3M	50x	as long as short
Coinbase International POL-PERP-INTX	−0.0152%	1h	0.1116	−0.479%	$204K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.004%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1122	+0.048%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0019%	4h	0.1121	−0.016%	$11K	$168K	20x	as long as short
dYdX POL-USD	+0.0026%	1h	0.1121	+0.002%	$17K	$3K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.925%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1122	+0.081%	$293K	$582K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1121	−0.007%	$373K	$303K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1121	long leg	$17.2M	$44.6M	75x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1121	−0.016%	$16.1M	$13.1M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.060%	$5.8M	$10.7M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.087%	$1.9M	$1.2M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1122	+0.056%	$24.3M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1121	−0.016%	$3.0M	$989K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	+0.020%	$4.2M	$4.8M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1121	−0.007%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1119	−0.223%	$620K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1119	−0.167%	$1.1M	$2.9M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1119	−0.212%	$198K	$644K	50x
Extended POL-USD	+0.0104%	1h	0.1121	−0.023%	$93K	$449K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.117%	$41K	—	3x	as long as short
Hyperliquid POL	+0.0122%	1h	0.1123	+0.180%	$7.6M	$3.9M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0217% / S −0.0750%	1h	0.1122	+0.044%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.167%	$911K	$159K	75x	as long as short