Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against MEXC−0.383%66s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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−$540.541% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 4 days (all we have)+0.459%+$46 · spread now −0.383%, 7d avg +0.017%

Together, before fees+0.644%+$64 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 0.400% cheaper against MEXC than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 66 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	MEXC POL_USDT	0.1096	0.0100	pay 0.0050% / 4h	38m 17s	$24.4M	$3.6M	125x
Short	ApeX Omni POLUSDT	0.1092	0.0100	get 0.0013% / 1h	38m 17s	$193K	$635K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.383%Rate

Funding earned: $0
Price spread: −0.383% → +0.017%: −$39.97
Slippage, 4 orders: −$44.07
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.04
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 20 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 MEXC live order book, 5 min ago	0.46 bp	4.4 bp −$4	27.3 bp −$273	89.7 bp −$8,973	135.5 bp −$67.8K
Sell ApeX Omni live order book, 20 min ago	13.68 bp	21.8 bp −$22	116.3 bp −$1,163	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	−0.0520%	1h	0.1091	−0.474%	$201K	$195K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1096	−0.012%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1096	+0.001%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.350%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1096	−0.055%	$11K	$263K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1095	−0.129%	$279K	$554K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1095	−0.101%	$363K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1096	−0.034%	$17.0M	$42.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1095	−0.064%	$15.7M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1096	−0.009%	$5.6M	$10.0M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1094	−0.173%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDTlong	+0.0100%	4h	0.1096	long leg	$24.4M	$3.6M	125x
KuCoin POLUSDTM	+0.0100%	4h	0.1096	−0.009%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1096	0.000%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1096	−0.027%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1092	−0.424%	$604K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1094	−0.238%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1092	−0.383%	$193K	$635K	50x
Extended POL-USD	+0.0104%	1h	0.1096	−0.061%	$94K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1094	−0.236%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0191%	1h	0.1098	+0.160%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1096	+0.025%	$3K	—	100x	as long as short
dYdX POL-USD	+0.0303%	1h	0.1095	−0.119%	$17K	$2K	5x	as long as short
Kraken Futures PF_POLUSD	+0.0315%	1h	0.1096	−0.007%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1095	−0.100%	$909K	$167K	75x	as long as short