Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.026%
Price spread now: ApeX Omni against Injective−0.540%7-day average +0.269% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.478%+$148 on $10k
Price spread, last 4 days (all we have)+4.305%+$430 · spread now −0.540%, 7d avg +0.269%
Together, before fees+5.783%+$578 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.809% cheaper against Injective than usual: you would sell low and buy high (spread −0.540% now, against its 7-day average of +0.269%). If the spread goes back, that is −$81 on $10k: about 40 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.478% in total) that is about 3.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective POL/USDC PERP0.11110.0033pay 0.0004% / 1h8m 51s$3K$124K12x
ShortApeX Omni POLUSDT0.11050.0100get 0.0013% / 1h8m 51s$196K$634K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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

Funding earned
$14
Price spread: −0.540% → +0.269%
−$80.91
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$76.93
Costs to cover
0.100%
Break-even
45.5 days
Slippage unknown: Injective: live order book, 10 min ago; ApeX Omni: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 10 min ago68.03 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 54 min ago9.07 bp18.8 bp −$19134.4 bp −$1,344doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0464%1h0.1103−0.720%$203K$199K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1103−0.697%$3Kas long as short
dYdX POL-USD0.0000%1h0.1104−0.621%$17K$1K5xas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1104−0.593%$24K150xas long as short
Injective POL/USDC PERPlong+0.0033%1h0.1111long leg$3K$124K12x
Orderly PERP_POL_USDC+0.0043%4h0.1104−0.657%$11K$271K20xas long as short
Lighter POL+0.0096%1h0.1104−0.667%$284K$565K8xas long as short
Aster POLUSDT+0.0100%4h0.1104−0.666%$367K$269K20xas long as short
Binance POLUSDT+0.0100%4h0.1103−0.720%$17.1M$42.0M75xas long as short
Bybit POLUSDT+0.0100%4h0.1103−0.765%$15.9M$11.8M75xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX POL-USDT-SWAP+0.0100%4h0.1103−0.756%$5.7M$10.0M50xas long as short
Gate POL_USDT+0.0100%4h0.1103−0.702%$1.8M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1103−0.711%$24.4M$3.6M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1104−0.594%$2.9M$973K50xas long as short
Bitget POLUSDT+0.0100%4h0.1104−0.666%$4.2M$4.6M50xas long as short
BingX POL-USDT+0.0100%4h0.1103−0.756%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1104−0.640%$611K$209Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1106−0.418%$1.1M$2.7M10xas long as short
ApeX Omni POLUSDTshort+0.0100%1h0.1105−0.540%$196K$634K50x
Extended POL-USD+0.0104%1h0.1103−0.718%$92K$448K10xas long as short
Aevo POL-PERP+0.0104%1h0.1103−0.765%$40K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1104−0.606%$3K100xas long as short
Hyperliquid POL+0.0224%1h0.1105−0.564%$7.4M$3.7M5xas long as short
Kraken Futures PF_POLUSD+0.0260%1h0.1105−0.567%$1.2M$1.2M50xas long as short
BloFin POL-USDT+0.0340%4h0.1104−0.612%$913K$167K75xas long as short