POL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0612%/8h= +67.0% APRnext payment +$0.77 per $10,000 · paid last 24h +0.141%

Price spread now: ApeX Omni against Coinbase International+0.274%7-day average +0.391% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.571%+$57 on $10k

Price spread, last 4 days (all we have)+1.113%+$111 · spread now +0.274%, 7d avg +0.391%

Together, before fees+1.684%+$168 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.117% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.274% now, against its 7-day average of +0.391%). If the spread goes back, that is −$12 on $10k: about 15 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.571% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International POL-PERP-INTX	0.1094	−0.0512	get 0.0064% / 1h	25m 29s	$202K	$198K	50x
Short	ApeX Omni POLUSDT	0.1097	0.0100	get 0.0013% / 1h	25m 29s	$195K	$635K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now +0.274%Rate

Funding earned: $128.52
Price spread: +0.274% → +0.391%: −$11.72
Slippage, 4 orders: −$80.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $15.92
Costs to cover: 1.009%
Break-even: 6.1 days

Slippage from Coinbase International: live order book, 27 min ago; ApeX Omni: live order book, 27 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 Coinbase International live order book, 27 min ago	13.56 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 min ago	13.56 bp	23.0 bp −$23	125.8 bp −$1,258	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-INTXlong	−0.0512%	1h	0.1094	long leg	$202K	$198K	50x
Kraken Futures PF_POLUSD	−0.0140%	1h	0.1096	+0.164%	$1.2M	$1.2M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1094	+0.041%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1096	+0.181%	$17K	$2K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1095	+0.110%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.554%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0043%	4h	0.1096	+0.146%	$11K	$467K	20x	as long as short
Gate POL_USDT	+0.0058%	4h	0.1094	+0.009%	$1.8M	$1.4M	75x	as long as short
Lighter POL	+0.0096%	1h	0.1095	+0.129%	$279K	$541K	8x	as long as short
Hyperliquid POL	+0.0100%	1h	0.1096	+0.229%	$7.4M	$3.7M	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1096	+0.165%	$364K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1095	+0.076%	$16.9M	$40.9M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1094	+0.037%	$15.7M	$11.7M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1095	+0.073%	$5.7M	$9.9M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1095	+0.082%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1095	+0.128%	$2.9M	$966K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1095	+0.082%	$4.0M	$4.3M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1095	+0.055%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1094	+0.041%	$606K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1098	+0.329%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1097	+0.274%	$195K	$635K	50x
Extended POL-USD	+0.0104%	1h	0.1095	+0.074%	$91K	$393K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1094	−0.034%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1096	+0.144%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1097	+0.238%	$904K	$164K	75x	as long as short