Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Bitget+0.265%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$740.743% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.265%, 7d avg +0.007%

Together, before fees+0.065%+$6 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 0.258% dearer against Bitget than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POLUSDT	0.1094	0.0100	pay 0.0050% / 4h	38m 53s	$4.0M	$3.9M	50x
Short	ApeX Omni POLUSDT	0.1097	0.0100	get 0.0013% / 1h	38m 53s	$195K	$643K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.265%Rate

Funding earned: $0
Price spread: +0.265% → +0.007%: $25.84
Slippage, 4 orders: −$52.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$48.42
Costs to cover: 0.743%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 64 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 Bitget live order book, 4 min ago	0.46 bp	10.8 bp −$11	13.8 bp −$138	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 min ago	13.74 bp	25.7 bp −$26	137.8 bp −$1,378	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	−0.0544%	1h	0.1090	−0.375%	$202K	$178K	50x	as long as short
Gate POL_USDT	−0.0282%	4h	0.1093	−0.091%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1094	−0.052%	$1.2M	$995K	50x	as long as short
OKX POL-USDT-SWAP	−0.0024%	4h	0.1093	−0.064%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0015%	4h	0.1094	−0.055%	$11K	$1.8M	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	−0.090%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1095	+0.063%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1094	+0.015%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.545%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1094	−0.045%	$276K	$543K	8x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid POL	+0.0100%	1h	0.1095	+0.082%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1094	+0.017%	$363K	$169K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	−0.085%	$16.7M	$36.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1093	−0.137%	$15.7M	$9.6M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1093	−0.073%	$25.0M	$3.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1094	−0.046%	$2.9M	$918K	50x	as long as short
Bitget POLUSDTlong	+0.0100%	4h	0.1094	long leg	$4.0M	$3.9M	50x
BingX POL-USDT	+0.0100%	4h	0.1093	−0.082%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1095	+0.086%	$605K	$166K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1096	+0.154%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1097	+0.265%	$195K	$643K	50x
Extended POL-USD	+0.0104%	1h	0.1093	−0.101%	$91K	$522K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1093	−0.065%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1094	+0.027%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.146%	$894K	$146K	75x	as long as short