Funding you earn now, next payment 22:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.055%
Price spread now: Orderly against ApeX Omni+0.090%70s7-day average −0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.593%−$59 on $10k
+Price spread, last 3 days (all we have)−0.793%−$79 · spread now +0.090%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Orderly is 0.139% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.593%, so the current rate has only just turned in your favour. The two prices were read 70 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 | ApeX Omni POLUSDT | 0.1115 | −0.0045 | get 0.0006% / 1h | 34m 20s | $197K | $660K | 50x |
| Short | Orderly PERP_POL_USDC | 0.1116 | −0.0035 | pay 0.0018% / 4h | 2h 34m | $11K | $209K | 20x |
ApeX Omni POLUSDT
Orderly PERP_POL_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.05
- Price spread: +0.090% → −0.049%
- $13.87
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.08
- Costs to cover
- 0.160%
- Break-even
- 7.3 days
Slippage unknown: ApeX Omni: live order book, 53 min ago; Orderly: no order-book sample. Net counts fees only.
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 ApeX Omni live order book, 53 min ago | 8.94 bp | 18.1 bp −$18 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0080% | 1h | 0.1111 | −0.359% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1116 | +0.129% | $1.2M | $1.8M | 50x | as long as short |
| ApeX Omni POLUSDTlong | −0.0045% | 1h | 0.1115 | long leg | $197K | $660K | 50x | |
| Orderly PERP_POL_USDCshort | −0.0035% | 4h | 0.1116 | +0.090% | $11K | $209K | 20x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1116 | +0.072% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0004% | 1h | 0.1117 | +0.170% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1117 | +0.169% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.359% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0094% | 4h | 0.1115 | +0.028% | $1.1M | $3.4M | 10x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1116 | +0.087% | $312K | $559K | 8x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
GRVT POL_USDT_Perp
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POL | +0.0100% | 1h | 0.1118 | +0.278% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1116 | +0.131% | $371K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1116 | +0.087% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1115 | +0.036% | $16.1M | $16.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1115 | +0.045% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1116 | +0.108% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1116 | +0.072% | $23.4M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1117 | +0.143% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1116 | +0.081% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1116 | +0.108% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1115 | −0.026% | $658K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1116 | +0.075% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1114 | −0.045% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1117 | +0.157% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1117 | +0.215% | $903K | $168K | 75x | as long as short |
Hyperliquid POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT