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 +0.015%

Price spread now: KuCoin against ApeX Omni−0.109%52s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as 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−$970.965% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.109%, 7d avg +0.012%

Together, before fees−0.131%−$13 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: KuCoin is 0.121% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 52 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	16m 36s	$195K	$637K	50x
Short	KuCoin POLUSDTM	0.1102	0.0100	get 0.0050% / 4h	2h 16m	$2.9M	$998K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → +0.012%: −$12.13
Slippage, 4 orders: −$74.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.64
Costs to cover: 0.965%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; KuCoin: live order book, 6 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, 51 min ago	8.92 bp	17.9 bp −$18	122.5 bp −$1,225	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.99 bp	24.2 bp −$24	125.6 bp −$1,256	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-INTX	−0.0312%	1h	0.1099	−0.363%	$202K	$203K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.208%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1102	−0.110%	$17K	$4K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	−0.091%	$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	+0.0040%	4h	0.1101	−0.163%	$11K	$322K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1101	−0.136%	$284K	$576K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	−0.048%	$366K	$276K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1102	−0.127%	$17.1M	$43.7M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.163%	$15.9M	$12.3M	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	0.1102	−0.127%	$5.7M	$10.4M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1101	−0.209%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.163%	$23.8M	$3.6M	125x	as long as short
KuCoin POLUSDTMshort	+0.0100%	4h	0.1102	−0.109%	$2.9M	$998K	50x
Bitget POLUSDT	+0.0100%	4h	0.1102	−0.109%	$4.2M	$4.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1101	−0.190%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1102	−0.100%	$610K	$224K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.085%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1103	long leg	$195K	$637K	50x
Extended POL-USD	+0.0104%	1h	0.1101	−0.201%	$95K	$446K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.262%	$40K	—	3x	as long as short
Kraken Futures PF_POLUSD	+0.0117%	1h	0.1102	−0.064%	$1.2M	$1.2M	50x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	−0.105%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0228%	1h	0.1103	+0.036%	$7.4M	$3.8M	5x	as long as short