Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0247%/8h= −27.1% APRpaid last 24h −0.025%

Price spread now: Gate against ApeX Omni−0.091%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.091%, 7d avg −0.055%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.036% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1102	0.0071	pay 0.0009% / 1h	3m 11s	$156K	$662K	50x
Short	Gate POL_USDT	0.1101	−0.0176	pay 0.0088% / 4h	3h 03m	$1.8M	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.091%Rate

Funding earned: −$51.88
Price spread: −0.091% → −0.055%: −$3.62
Slippage, 4 orders: −$60.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.01
Costs to cover: 0.855%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; Gate: live order book, 4 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, 30 min ago	13.72 bp	23.2 bp −$23	125.7 bp −$1,257	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.00 bp	19.6 bp −$20	150.8 bp −$1,508	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	−0.0600%	1h	0.1100	−0.181%	$200K	$181K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0471%	1h	0.1103	+0.068%	$1.2M	$1.0M	50x	as long as short
Gate POL_USDTshort	−0.0176%	4h	0.1101	−0.091%	$1.8M	$1.2M	75x
Orderly PERP_POL_USDC	−0.0116%	4h	0.1101	−0.073%	$11K	$2.5M	20x	as long as short
OKX POL-USDT-SWAP	−0.0047%	4h	0.1102	−0.018%	$5.7M	$9.1M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.087%	$3K	—	—	as long as short
GRVT POL_USDT_Perp	0.0000%	4h	0.1101	−0.054%	$1.1M	$2.8M	10x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1102	+0.016%	$9K	—	150x	as long as short
Extended POL-USD	+0.0016%	1h	0.1101	−0.087%	$94K	$526K	10x	as long as short
MEXC POL_USDT	+0.0016%	4h	0.1101	−0.054%	$25.3M	$3.4M	125x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0018%	4h	0.1102	−0.038%	$16.8M	$34.9M	75x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.817%	$3K	$124K	12x	as long as short
ApeX Omni POLUSDTlong	+0.0071%	1h	0.1102	long leg	$156K	$662K	50x
BloFin POL-USDT	+0.0074%	4h	0.1102	−0.036%	$900K	$143K	75x	as long as short
Aevo POL-PERP	+0.0088%	1h	0.1100	−0.201%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.015%	$270K	$549K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1103	+0.118%	$7.4M	$3.6M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1103	+0.063%	$370K	$172K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.100%	$15.8M	$9.2M	75x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	−0.027%	$2.9M	$783K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	−0.064%	$4.0M	$3.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1102	−0.027%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.098%	$609K	$167K	—	as long as short
dYdX POL-USD	+0.0111%	1h	0.1102	+0.001%	$23K	$8K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1102	+0.022%	$3K	—	100x	as long as short