POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.061%

Price spread now: Kraken Futures against ApeX Omni−0.193%75s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$920.916% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.303%−$30 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.193%, 7d avg +0.037%

Together, before fees−0.441%−$44 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 Kraken Futures is 0.229% cheaper against ApeX Omni than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.037%). Swap the legs. 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	0.1106	0.0100	pay 0.0013% / 1h	45m 42s	$196K	$640K	50x
Short	Kraken Futures PF_POLUSD	0.1104	−0.0139	pay 0.0017% / 1h	45m 42s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$50.24
Price spread: −0.193% → +0.037%: −$22.95
Slippage, 4 orders: −$71.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$164.81
Costs to cover: 0.916%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; Kraken Futures: live order book, 3 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, 7 min ago	13.56 bp	23.0 bp −$23	134.5 bp −$1,345	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.78 bp	29.9 bp −$30	62.2 bp −$622	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	0.1098	−0.723%	$202K	$198K	50x	as long as short
Kraken Futures PF_POLUSDshort	−0.0139%	1h	0.1104	−0.193%	$1.2M	$1.2M	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1103	−0.251%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1104	−0.199%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1104	−0.172%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.452%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1103	−0.262%	$11K	$243K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.334%	$280K	$540K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1104	−0.181%	$7.5M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1104	−0.148%	$367K	$247K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1102	−0.366%	$17.0M	$41.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.416%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1102	−0.353%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1103	−0.298%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	−0.335%	$24.7M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1104	−0.226%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	−0.371%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1102	−0.362%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1103	−0.293%	$611K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1104	−0.145%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1106	long leg	$196K	$640K	50x
Extended POL-USD	+0.0104%	1h	0.1102	−0.391%	$92K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1102	−0.362%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1104	−0.198%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1105	−0.090%	$906K	$169K	75x	as long as short