Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against BingX0.000%113s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as 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−$710.706% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now 0.000%, 7d avg +0.028%

Together, before fees+0.097%+$10 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: ApeX Omni is 0.028% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 113 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	BingX POL-USDT	0.1102	0.0100	pay 0.0050% / 4h	23m 45s	—	$7.2M	—
Short	ApeX Omni POLUSDT	0.1102	0.0100	get 0.0013% / 1h	23m 45s	$195K	$637K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.028%: −$2.76
Slippage, 4 orders: −$50.62
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$73.38
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; ApeX Omni: live order book, 34 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 BingX live order book, 14 min ago	1.83 bp	11.4 bp −$11	24.0 bp −$240	93.5 bp −$9,348	515.0 bp −$257.5K
Sell ApeX Omni live order book, 34 min ago	13.68 bp	21.8 bp −$22	116.3 bp −$1,163	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	−0.0520%	1h	0.1100	−0.181%	$202K	$198K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1102	+0.022%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	+0.038%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.817%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1102	0.000%	$11K	$255K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.008%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1102	−0.010%	$366K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1102	0.000%	$17.1M	$41.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.045%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1101	−0.045%	$5.7M	$10.1M	50x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1101	−0.100%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1102	0.000%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.027%	$2.9M	$977K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1102	−0.027%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDTlong	+0.0100%	4h	0.1102	long leg	—	$7.2M	—
Variational Omni POL	+0.0100%	4h	0.1100	−0.141%	$609K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	−0.009%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1102	0.000%	$195K	$637K	50x
Extended POL-USD	+0.0104%	1h	0.1102	−0.026%	$95K	$451K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1101	−0.131%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0140%	1h	0.1104	+0.136%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0177%	1h	0.1102	+0.009%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.039%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1102	+0.030%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1101	−0.054%	$905K	$169K	75x	as long as short