POL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.066%

Price spread now: Orderly against Binance−0.081%49s7-day average −0.038% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.390%−$39 on $10k

Price spread, last 4 days (all we have)−1.223%−$122 · spread now −0.081%, 7d avg −0.038%

Together, before fees−1.613%−$161 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.043% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 49 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	Binance POLUSDT	0.1106	0.0100	pay 0.0050% / 4h	1h 17m	$17.2M	$42.0M	75x
Short	Orderly PERP_POL_USDC	0.1105	0.0042	get 0.0021% / 4h	1h 17m	$11K	$297K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.081%Rate

Funding earned: −$12.13
Price spread: −0.081% → −0.038%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	1.36 bp	12.0 bp −$12	23.9 bp −$239	185.6 bp −$18.6K	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	−0.0464%	1h	0.1098	−0.732%	$202K	$198K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1106	−0.020%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1106	+0.018%	$17K	$1K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1107	+0.038%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.443%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDCshort	+0.0042%	4h	0.1105	−0.081%	$11K	$297K	20x
Lighter POL	+0.0096%	1h	0.1106	+0.033%	$285K	$565K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1106	+0.008%	$368K	$269K	20x	as long as short
Binance POLUSDTlong	+0.0100%	4h	0.1106	long leg	$17.2M	$42.0M	75x
Bybit POLUSDT	+0.0100%	4h	0.1106	−0.036%	$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	0.1106	−0.009%	$5.7M	$10.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1105	−0.090%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1106	+0.018%	$23.9M	$3.5M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1106	+0.009%	$2.9M	$973K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1106	0.000%	$4.2M	$4.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1106	−0.027%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1106	−0.032%	$612K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1106	+0.009%	$1.1M	$2.7M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1106	−0.009%	$196K	$636K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1106	−0.019%	$92K	$448K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1103	−0.252%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1106	−0.041%	$3K	—	100x	as long as short
Hyperliquid POL	+0.0225%	1h	0.1108	+0.190%	$7.5M	$3.7M	5x	as long as short
Kraken Futures PF_POLUSD	+0.0259%	1h	0.1106	+0.017%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1106	−0.018%	$913K	$166K	75x	as long as short