Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h −0.065%

Price spread now: ApeX Omni against BloFin+0.018%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now +0.018%, 7d avg +0.036%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POL-USDT	0.1091	0.0336	pay 0.0168% / 4h	12m 35s	$898K	$146K	75x
Short	ApeX Omni POLUSDT	0.1091	−0.0022	pay 0.0003% / 1h	12m 35s	$194K	$642K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.018%Rate

Funding earned: −$75.22
Price spread: +0.018% → +0.036%: −$1.8
Slippage, 4 orders: −$53.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$152.12
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 25 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 BloFin live order book, 4 min ago	1.38 bp	13.7 bp −$14	18.5 bp −$185	63.7 bp −$6,374	doesn't fit
Sell ApeX Omni live order book, 25 min ago	13.76 bp	22.2 bp −$22	130.7 bp −$1,307	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	0.1087	−0.348%	$201K	$176K	50x	as long as short
Gate POL_USDT	−0.0250%	4h	0.1090	−0.055%	$1.8M	$1.3M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0233%	1h	0.1092	+0.087%	$1.1M	$996K	50x	as long as short
OKX POL-USDT-SWAP	−0.0080%	4h	0.1090	−0.046%	$5.7M	$9.3M	50x	as long as short
Orderly PERP_POL_USDC	−0.0048%	4h	0.1090	−0.028%	$11K	$2.0M	20x	as long as short
ApeX Omni POLUSDTshort	−0.0022%	1h	0.1091	+0.018%	$194K	$642K	50x
Reya POLRUSDPERP	−0.0006%	1h	0.1090	−0.050%	$2K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1092	+0.072%	$19K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1091	+0.053%	$9K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.852%	$3K	$124K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT POL_USDT_Perp	+0.0042%	4h	0.1090	−0.072%	$1.1M	$2.9M	10x	as long as short
Bybit POLUSDT	+0.0047%	4h	0.1090	−0.073%	$15.7M	$9.6M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1091	−0.018%	$276K	$544K	8x	as long as short
Extended POL-USD	+0.0096%	1h	0.1090	−0.064%	$91K	$518K	10x	as long as short
MEXC POL_USDT	+0.0096%	4h	0.1090	−0.046%	$24.9M	$3.4M	125x	as long as short
Binance POLUSDT	+0.0096%	4h	0.1090	−0.046%	$16.6M	$36.3M	75x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1092	+0.128%	$7.4M	$3.7M	5x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1091	+0.063%	$362K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1091	−0.009%	$2.9M	$918K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1091	0.000%	$4.0M	$3.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1090	−0.073%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1090	−0.107%	$602K	$166K	—	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1089	−0.158%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1091	−0.025%	$3K	—	100x	as long as short
BloFin POL-USDTlong	+0.0336%	4h	0.1091	long leg	$898K	$146K	75x