Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Binance against ApeX Omni+0.182%89s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as 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−$550.552% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.491%−$49 · spread now +0.182%, 7d avg −0.018%

Together, before fees−0.674%−$67 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: Binance is 0.200% dearer against ApeX Omni than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 89 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	ApeX Omni POLUSDT	0.1101	0.0100	pay 0.0013% / 1h	2m 00s	$195K	$636K	50x
Short	Binance POLUSDT	0.1103	0.0100	get 0.0050% / 4h	2h 02m	$17.1M	$42.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → −0.018%: $20.01
Slippage, 4 orders: −$35.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.16
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Binance: live order book, 10 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 ApeX Omni live order book, 66 min ago	8.92 bp	17.9 bp −$18	122.5 bp −$1,225	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.45 bp	8.3 bp −$8	27.2 bp −$272	140.1 bp −$14.0K	doesn't fit

POL on 24 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	−0.0312%	1h	0.1099	−0.182%	$202K	$202K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1103	+0.138%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1103	+0.164%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1103	+0.218%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.908%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0047%	4h	0.1103	+0.173%	$11K	$309K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1103	+0.214%	$285K	$577K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	+0.251%	$367K	$276K	20x	as long as short
Binance POLUSDTshort	+0.0100%	4h	0.1103	+0.182%	$17.1M	$42.7M	75x
Bybit POLUSDT	+0.0100%	4h	0.1103	+0.145%	$16.0M	$11.8M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1103	+0.182%	$5.7M	$10.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1102	+0.082%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1103	+0.191%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1103	+0.191%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1103	+0.200%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1103	+0.209%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1100	−0.058%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1101	+0.020%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1101	long leg	$195K	$636K	50x
Extended POL-USD	+0.0104%	1h	0.1103	+0.156%	$92K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1102	+0.091%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1104	+0.261%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	+0.232%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0246%	1h	0.1105	+0.381%	$7.4M	$3.7M	5x	as long as short