Funding you earn now, next payment 00:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.020%
Price spread now: Reya against Binance−0.196%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.196% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | 0.1122 | 0.0100 | pay 0.0050% / 4h | 4m 41s | $17.3M | $49.7M | 75x |
| Short | Reya POLRUSDPERP | 0.1120 | −0.0006 | pay 0.0001% / 1h | 4m 41s | $3K | — | — |
Binance POLUSDT
Reya POLRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Binance. 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
- −$22.32
- Price spread: −0.196% → 0.000%
- −$19.63
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$57.94
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Reya: 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, 7 min ago | 0.45 bp | 11.6 bp −$12 | 24.3 bp −$243 | 185.3 bp −$18.5K | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.0128% | 1h | 0.1118 | −0.343% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | −0.117% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERPshort | −0.0006% | 1h | 0.1120 | −0.196% | $3K | — | — | |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | −0.123% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0012% | 1h | 0.1121 | −0.040% | $17K | $3K | 5x | as long as short |
| Orderly PERP_POL_USDC | +0.0014% | 4h | 0.1120 | −0.200% | $11K | $184K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.967% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1122 | −0.002% | $300K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | −0.088% | $372K | $340K | 20x | as long as short |
| Binance POLUSDTlong | +0.0100% | 4h | 0.1122 | long leg | $17.3M | $49.7M | 75x |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
gTrade (Gains Network) POL/USD
dYdX POL-USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
Lighter POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1121 | −0.066% | $16.2M | $15.1M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1122 | −0.013% | $5.8M | $11.6M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.147% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1122 | +0.005% | $24.3M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1121 | −0.084% | $3.0M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1121 | −0.084% | $4.2M | $5.3M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1121 | −0.093% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | −0.276% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | −0.105% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | −0.164% | $198K | $649K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1120 | −0.131% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1118 | −0.343% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1120 | −0.127% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0223% | 1h | 0.1123 | +0.103% | $7.6M | $3.9M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1120 | −0.138% | $908K | $163K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT