Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against KuCoin+0.245%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

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

costs, in and out, $10k−$1031.029% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.245%, 7d avg −0.012%

Together, before fees−0.119%−$12 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 0.257% dearer against KuCoin than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin POLUSDTM	0.1102	0.0100	pay 0.0050% / 4h	1h 26m	$2.9M	$975K	50x
Short	ApeX Omni POLUSDT	0.1105	0.0100	get 0.0013% / 1h	26m 49s	$196K	$637K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.245%Rate

Funding earned: $0
Price spread: +0.245% → −0.012%: $25.69
Slippage, 4 orders: −$80.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$77.22
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; ApeX Omni: live order book, 36 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 KuCoin live order book, 10 min ago	6.80 bp	32.9 bp −$33	128.0 bp −$1,280	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	9.07 bp	18.8 bp −$19	134.4 bp −$1,344	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	−0.0464%	1h	0.1098	−0.390%	$202K	$199K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.082%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1104	+0.136%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	−0.016%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.789%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0042%	4h	0.1101	−0.082%	$11K	$297K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	−0.038%	$284K	$564K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	−0.073%	$366K	$269K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	−0.090%	$17.1M	$42.2M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.109%	$15.9M	$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	0.1101	−0.073%	$5.7M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1102	−0.064%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	−0.082%	$23.8M	$3.5M	125x	as long as short
KuCoin POLUSDTMlong	+0.0100%	4h	0.1102	long leg	$2.9M	$975K	50x
Bitget POLUSDT	+0.0100%	4h	0.1102	−0.036%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1101	−0.118%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1105	+0.238%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1103	+0.091%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1105	+0.245%	$196K	$637K	50x
Extended POL-USD	+0.0104%	1h	0.1101	−0.091%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.254%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	−0.051%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0214%	1h	0.1104	+0.109%	$7.4M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0260%	1h	0.1103	+0.024%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1103	+0.054%	$910K	$166K	75x	as long as short