POL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0564%/8h= −61.8% APRnext payment −$0.71 per $10,000 · paid last 24h −0.147%

Price spread now: Coinbase International against ApeX Omni−0.363%75s7-day average −0.400% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as 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−$930.928% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.533%−$53 on $10k

Price spread, last 3 days (all we have)−0.567%−$57 · spread now −0.363%, 7d avg −0.400%

Together, before fees−1.099%−$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.037% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.363% now, against its 7-day average of −0.400%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.533% in total) that is about 12 hours. The two prices were read 75 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	0.1103	0.0100	pay 0.0013% / 1h	58m 09s	$195K	$634K	50x
Short	Coinbase International POL-PERP-INTX	0.1099	−0.0464	pay 0.0058% / 1h	58m 09s	$202K	$201K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.363%Rate

Funding earned: −$118.44
Price spread: −0.363% → −0.400%: $3.69
Slippage, 4 orders: −$72.78
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$207.53
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	9.07 bp	19.7 bp −$20	138.8 bp −$1,388	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	13.63 bp	18.6 bp −$19	doesn't fit	doesn't fit	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-INTXshort	−0.0464%	1h	0.1099	−0.363%	$202K	$201K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.154%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1103	−0.018%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	−0.073%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.725%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0046%	4h	0.1101	−0.163%	$11K	$304K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.088%	$285K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	−0.049%	$366K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	−0.191%	$17.1M	$42.5M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1100	−0.245%	$15.9M	$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	0.1099	−0.335%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1102	−0.127%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.136%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	−0.118%	$2.9M	$969K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	−0.154%	$4.2M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1101	−0.154%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	−0.135%	$610K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.098%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1103	long leg	$195K	$634K	50x
Extended POL-USD	+0.0104%	1h	0.1100	−0.230%	$92K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.258%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0134%	1h	0.1103	+0.031%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	−0.104%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1103	−0.025%	$1.2M	$1.2M	50x	as long as short