Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against BingX+0.065%68s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as 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−$1741.739% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.065%, 7d avg +0.025%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.040% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 68 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	BingX POL-USDC	0.1080	0.0028	pay 0.0014% / 4h	32m 14s	—	$1.6M	—
Short	ApeX Omni POLUSDT	0.1081	0.0100	get 0.0013% / 1h	32m 14s	$153K	$658K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $15.12
Price spread: +0.065% → +0.025%: $3.95
Slippage, 4 orders: −$153.87
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$154.8
Costs to cover: 1.739%
Break-even: 78.7 days

Slippage from BingX: live order book, 3 min ago; ApeX Omni: live order book, 9 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 BingX live order book, 3 min ago	4.62 bp	52.5 bp −$52	280.2 bp −$2,802	906.9 bp −$90.7K	1265.2 bp −$632.6K
Sell ApeX Omni live order book, 9 min ago	13.87 bp	23.2 bp −$23	133.4 bp −$1,334	doesn't fit	doesn't fit

POL on 25 exchanges

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	−0.0648%	1h	0.1075	−0.491%	$195K	$154K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0372%	1h	0.1081	+0.100%	$1.1M	$773K	50x	as long as short
Orderly PERP_POL_USDC	−0.0193%	4h	0.1081	+0.028%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0160%	4h	0.1080	−0.009%	$1.8M	$934K	75x	as long as short
GRVT POL_USDT_Perp	−0.0088%	4h	0.1082	+0.136%	$1.0M	$2.7M	10x	as long as short
Bybit POLUSDT	−0.0049%	4h	0.1081	+0.056%	$15.3M	$8.0M	75x	as long as short
Bitget POLUSDT	−0.0024%	4h	0.1082	+0.139%	$4.0M	$2.7M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1081	+0.025%	$2K	—	—	as long as short
OKX POL-USDT-SWAP	−0.0005%	4h	0.1081	+0.046%	$5.6M	$7.5M	50x	as long as short
dYdX POL-USD	0.0000%	1h	0.1082	+0.167%	$24K	$9K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1082	+0.122%	$8K	—	150x	as long as short
BingX POL-USDClong	+0.0028%	4h	0.1080	long leg	—	$1.6M	—
Extended POL-USD	+0.0032%	1h	0.1080	+0.001%	$90K	$618K	10x	as long as short
MEXC POL_USDT	+0.0032%	4h	0.1081	+0.028%	$25.0M	$3.1M	125x	as long as short
Binance POLUSDT	+0.0032%	4h	0.1081	+0.034%	$16.6M	$28.9M	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.842%	$3K	$124K	12x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1080	−0.061%	$40K	—	3x	as long as short
Aster POLUSDT	+0.0096%	4h	0.1082	+0.155%	$363K	$131K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1081	+0.108%	$251K	$428K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1083	+0.240%	$7.3M	$3.4M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1081	+0.111%	$3.1M	$757K	50x	as long as short
Variational Omni POL	+0.0100%	4h	0.1081	+0.092%	$603K	$155K	—	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1081	+0.065%	$153K	$658K	50x
BloFin POL-USDT	+0.0120%	4h	0.1082	+0.157%	$888K	$136K	75x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0158% / S −0.0283%	1h	0.1081	+0.111%	$3K	—	100x	as long as short