Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.041%

Price spread now: Orderly against ApeX Omni+0.294%7-day average −0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.555%−$55 on $10k

Price spread, last 4 days (all we have)−0.478%−$48 · spread now +0.294%, 7d avg −0.052%

Together, before fees−1.032%−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.347% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.294% now, against its 7-day average of −0.052%): +$35 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 44 days. At the pace of the last 7 days (−0.555% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni POLUSDT	0.1087	−0.0016	get 0.0002% / 1h	19m 18s	$193K	$643K	50x
Short	Orderly PERP_POL_USDC	0.1090	−0.0042	pay 0.0021% / 4h	19m 18s	$12K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now +0.294%Rate

Funding earned: −$5.46
Price spread: +0.294% → −0.052%: $34.67
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.22
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 19 min ago; Orderly: no order-book sample. Net counts fees only.

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, 19 min ago	13.76 bp	24.4 bp −$24	127.4 bp −$1,274	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0544%	1h	0.1087	0.000%	$201K	$176K	50x	as long as short
Gate POL_USDT	−0.0274%	4h	0.1089	+0.156%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0234%	1h	0.1091	+0.350%	$1.1M	$996K	50x	as long as short
OKX POL-USDT-SWAP	−0.0085%	4h	0.1091	+0.331%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDCshort	−0.0042%	4h	0.1090	+0.294%	$12K	$1.9M	20x
ApeX Omni POLUSDTlong	−0.0016%	1h	0.1087	long leg	$193K	$643K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1090	+0.302%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1091	+0.333%	$18K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1091	+0.389%	$9K	—	150x	as long as short
GRVT POL_USDT_Perp	+0.0032%	4h	0.1087	+0.018%	$1.1M	$2.8M	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+2.208%	$3K	$124K	12x	as long as short
Bybit POLUSDT	+0.0068%	4h	0.1090	+0.276%	$15.7M	$9.6M	75x	as long as short
Binance POLUSDT	+0.0094%	4h	0.1090	+0.306%	$16.6M	$36.3M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1090	+0.322%	$276K	$544K	8x	as long as short
Extended POL-USD	+0.0096%	1h	0.1090	+0.276%	$91K	$522K	10x	as long as short
MEXC POL_USDT	+0.0096%	4h	0.1090	+0.304%	$24.9M	$3.4M	125x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1092	+0.478%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1091	+0.363%	$362K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1090	+0.248%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1091	+0.331%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1090	+0.322%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1087	+0.001%	$601K	$166K	—	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1089	+0.184%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1090	+0.259%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0334%	4h	0.1090	+0.304%	$903K	$146K	75x	as long as short