Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against Bybit+0.174%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$700.705% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.174%, 7d avg +0.049%

Together, before fees+0.005%$0 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 0.125% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLUSDT	0.1093	0.0100	pay 0.0050% / 4h	3h 21m	$15.7M	$11.7M	75x
Short	ApeX Omni POLUSDT	0.1095	0.0100	get 0.0013% / 1h	21m 07s	$194K	$634K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → +0.049%: $12.52
Slippage, 4 orders: −$49.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.94
Costs to cover: 0.705%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 32 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 Bybit live order book, 2 min ago	1.37 bp	11.8 bp −$12	28.2 bp −$282	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	13.56 bp	23.0 bp −$23	125.8 bp −$1,258	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	−0.0512%	1h	0.1090	−0.284%	$201K	$198K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1094	+0.119%	$1.2M	$1.2M	50x	as long as short
Gate POL_USDT	−0.0040%	4h	0.1092	−0.064%	$1.8M	$1.4M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	+0.076%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.125%	$12K	—	150x	as long as short
dYdX POL-USD	+0.0024%	1h	0.1094	+0.055%	$17K	$2K	5x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.638%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1094	+0.073%	$11K	$526K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1094	+0.091%	$278K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1095	+0.201%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1094	+0.099%	$363K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1094	+0.047%	$16.9M	$41.1M	75x	as long as short
Bybit POLUSDTlong	+0.0100%	4h	0.1093	long leg	$15.7M	$11.7M	75x
OKX POL-USDT-SWAP	+0.0100%	4h	0.1094	+0.046%	$5.7M	$9.9M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1094	+0.082%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	+0.091%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1094	+0.091%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1094	+0.037%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	+0.123%	$606K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1095	+0.156%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1095	+0.174%	$194K	$634K	50x
Extended POL-USD	+0.0104%	1h	0.1094	+0.063%	$96K	$333K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1093	−0.040%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1095	+0.144%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.110%	$901K	$163K	75x	as long as short