Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: MEXC against ApeX Omni−0.083%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.083%, 7d avg −0.014%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.069% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1082	0.0100	pay 0.0013% / 1h	6m 57s	$153K	$662K	50x
Short	MEXC POL_USDT	0.1081	0	get 0.0000% / 4h	1h 06m	$25.0M	$3.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$21
Price spread: −0.083% → −0.014%: −$6.93
Slippage, 4 orders: −$40.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$78.15
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; MEXC: 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, 39 min ago	9.23 bp	20.0 bp −$20	128.0 bp −$1,280	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.93 bp	3.2 bp −$3	11.1 bp −$111	79.2 bp −$7,921	doesn't fit

POL on 25 exchanges

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	−0.0624%	1h	0.1076	−0.555%	$195K	$164K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0348%	1h	0.1082	−0.029%	$1.1M	$959K	50x	as long as short
Orderly PERP_POL_USDC	−0.0198%	4h	0.1081	−0.102%	$10K	$2.6M	20x	as long as short
Gate POL_USDT	−0.0134%	4h	0.1080	−0.139%	$1.8M	$1.0M	75x	as long as short
GRVT POL_USDT_Perp	−0.0094%	4h	0.1081	−0.102%	$1.0M	$2.7M	10x	as long as short
Bitget POLUSDT	−0.0028%	4h	0.1082	+0.018%	$4.0M	$3.2M	50x	as long as short
Bybit POLUSDT	−0.0027%	4h	0.1081	−0.111%	$15.4M	$8.7M	75x	as long as short
OKX POL-USDT-SWAP	−0.0023%	4h	0.1081	−0.074%	$5.6M	$8.1M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1081	−0.110%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1082	−0.023%	$24K	$9K	5x	as long as short

Show all 25 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC POL_USDTshort	0.0000%	4h	0.1081	−0.083%	$25.0M	$3.2M	125x
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1082	−0.009%	$8K	—	150x	as long as short
BingX POL-USDC	+0.0004%	4h	0.1081	−0.055%	—	$1.6M	—	as long as short
Binance POLUSDT	+0.0006%	4h	0.1081	−0.083%	$16.5M	$31.4M	75x	as long as short
Extended POL-USD	+0.0008%	1h	0.1081	−0.113%	$90K	$526K	10x	as long as short
Aster POLUSDT	+0.0015%	4h	0.1082	+0.015%	$363K	$164K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.680%	$3K	$124K	12x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1080	−0.224%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1082	−0.023%	$259K	$517K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1083	+0.102%	$7.3M	$3.4M	5x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1082	−0.037%	$3.1M	$788K	50x	as long as short
Variational Omni POL	+0.0100%	4h	0.1080	−0.191%	$599K	$162K	—	as long as short
ApeX Omni POLUSDTlong	+0.0100%	1h	0.1082	long leg	$153K	$662K	50x
BloFin POL-USDT	+0.0196%	4h	0.1081	−0.083%	$889K	$131K	75x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0202% / S −0.0373%	1h	0.1082	−0.008%	$3K	—	100x	as long as short