Funding arb · Price arb /

POL

all POL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against OKX−0.027%50s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as 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−$730.728% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.027%, 7d avg +0.037%

Together, before fees+0.426%+$43 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 0.064% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 50 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	OKX POL-USDT-SWAP	0.1101	0.0100	pay 0.0050% / 4h	14m 44s	$5.7M	$10.1M	50x
Short	ApeX Omni POLUSDT	0.1101	0.0100	get 0.0013% / 1h	14m 44s	$195K	$637K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.037%: −$6.42
Slippage, 4 orders: −$52.82
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.24
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 43 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 OKX live order book, 3 min ago	0.91 bp	14.1 bp −$14	49.5 bp −$495	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 43 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	0.1097	−0.390%	$202K	$196K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1101	−0.030%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1102	+0.024%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.881%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0041%	4h	0.1101	−0.027%	$11K	$250K	20x	as long as short
Lighter POL	+0.0096%	1h	0.1102	+0.023%	$280K	$555K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1101	+0.015%	$366K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1101	+0.005%	$17.1M	$41.6M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1101	−0.036%	$15.8M	$11.8M	75x	as long as short
OKX POL-USDT-SWAPlong	+0.0100%	4h	0.1101	long leg	$5.7M	$10.1M	50x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate POL_USDT	+0.0100%	4h	0.1100	−0.100%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1101	+0.009%	$24.7M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1102	+0.045%	$2.9M	$975K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1101	+0.018%	$4.1M	$4.6M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1101	−0.018%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.058%	$609K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1102	+0.108%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDTshort	+0.0100%	1h	0.1101	−0.027%	$195K	$637K	50x
Extended POL-USD	+0.0104%	1h	0.1101	−0.022%	$92K	$456K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1100	−0.149%	$40K	—	3x	as long as short
Hyperliquid POL	+0.0136%	1h	0.1103	+0.191%	$7.5M	$3.7M	5x	as long as short
dYdX POL-USD	+0.0142%	1h	0.1102	+0.025%	$17K	$2K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1102	+0.023%	$3K	—	100x	as long as short
Kraken Futures PF_POLUSD	+0.0313%	1h	0.1102	+0.023%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1102	+0.027%	$912K	$169K	75x	as long as short