Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Gate+0.073%96s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as 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−$860.864% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.073%, 7d avg +0.055%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you. The two prices were read 96 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	Gate POL_USDT	0.1092	0.0100	pay 0.0050% / 4h	41m 53s	$1.8M	$1.3M	75x
Short	ApeX Omni POLUSDT	0.1093	0.0086	get 0.0011% / 1h	41m 53s	$194K	$633K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.073%Rate

Funding earned: −$2.84
Price spread: +0.073% → +0.055%: $1.79
Slippage, 4 orders: −$61.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$87.44
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 16 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 Gate live order book, 1 min ago	4.12 bp	21.1 bp −$21	152.6 bp −$1,526	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 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	0.1091	−0.110%	$201K	$195K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1093	+0.056%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1093	+0.105%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.721%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1093	+0.055%	$11K	$263K	20x	as long as short
ApeX Omni POLUSDTshort	+0.0086%	1h	0.1093	+0.073%	$194K	$633K	50x
Lighter POL	+0.0096%	1h	0.1093	+0.079%	$278K	$554K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1093	+0.047%	$363K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1093	+0.060%	$16.9M	$42.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	+0.018%	$15.7M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1093	+0.046%	$5.6M	$10.0M	50x	as long as short
Gate POL_USDTlong	+0.0100%	4h	0.1092	long leg	$1.8M	$1.3M	75x
MEXC POL_USDT	+0.0100%	4h	0.1093	+0.046%	$24.3M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	+0.082%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1093	+0.073%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1093	+0.046%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1092	−0.046%	$604K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	+0.052%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1093	+0.031%	$94K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1091	−0.110%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0178%	1h	0.1095	+0.225%	$7.4M	$3.7M	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	+0.094%	$3K	—	100x	as long as short
dYdX POL-USD	+0.0234%	1h	0.1093	+0.054%	$17K	$2K	5x	as long as short
Kraken Futures PF_POLUSD	+0.0316%	1h	0.1093	+0.074%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	+0.018%	$907K	$166K	75x	as long as short