Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%
Price spread now: ApeX Omni against Bitget−0.107%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$670.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 3 days (all we have)+0.121%+$12 · spread now −0.107%, 7d avg +0.005%
Together, before fees+0.172%+$17 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 0.112% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11210.0100pay 0.0050% / 4h26m 49s$4.2M$5.4M50x
ShortApeX Omni POLUSDT0.11200.0100get 0.0013% / 1h26m 49s$198K$654K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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

Funding earned
$0
Price spread: −0.107% → +0.005%
−$11.24
Slippage, 4 orders
−$45.43
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$78.68
Costs to cover
0.674%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago3.57 bp12.9 bp −$1318.4 bp −$184doesn't fitdoesn't fit
Sell ApeX Omni live order book, 51 min ago8.89 bp19.0 bp −$19133.2 bp −$1,332doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0128%1h0.1117−0.375%$204K$224K50xas long as short
Kraken Futures PF_POLUSD−0.0072%1h0.1121+0.005%$1.2M$1.8M50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1120−0.097%$3Kas long as short
dYdX POL-USD+0.0002%1h0.1121−0.018%$17K$3K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1121−0.009%$24K150xas long as short
Orderly PERP_POL_USDC+0.0009%4h0.1120−0.071%$11K$189K20xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111−0.910%$3K$124K12xas long as short
Lighter POL+0.0096%1h0.1121−0.019%$299K$572K8xas long as short
Aster POLUSDT+0.0100%4h0.1121+0.025%$373K$353K20xas long as short
Binance POLUSDT+0.0100%4h0.1121−0.036%$17.3M$50.1M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit POLUSDT+0.0100%4h0.1120−0.107%$16.2M$15.3M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1121−0.045%$5.8M$11.8M50xas long as short
Gate POL_USDT+0.0100%4h0.1120−0.098%$1.9M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1121−0.036%$24.4M$3.9M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1121−0.018%$2.9M$1.1M50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1121long leg$4.2M$5.4M50x
BingX POL-USDT+0.0100%4h0.1121−0.054%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1118−0.301%$660K$183Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1119−0.210%$1.1M$3.2M10xas long as short
ApeX Omni POLUSDTshort+0.0100%1h0.1120−0.107%$198K$654K50x
Extended POL-USD+0.0104%1h0.1121−0.055%$93K$427K10xas long as short
Aevo POL-PERP+0.0104%1h0.1119−0.204%$41K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0217% / S −0.0750%1h0.1121−0.022%$3K100xas long as short
Hyperliquid POL+0.0290%1h0.1123+0.134%$7.6M$4.0M5xas long as short
BloFin POL-USDT+0.0340%4h0.1120−0.089%$912K$169K75xas long as short